CHAPTER 71. LIMITED LIABILITY COMPANIES—
STATEMENT OF POLICY

Sec.


71.1.    Definitions.
71.2.    Restricted professional companies.

Source

   The provisions of this Chapter 71 adopted February 24, 2017, effective February 25, 2017, 47 Pa.B. 1165, unless otherwise noted.

§ 71.1. Definitions.

 The following words and terms, when used in this part, have the following meanings, unless the context clearly indicates otherwise:

   Certificate of organization—The certificate required under 15 Pa. Code §  8821 (relating to formation of limited liability company and certificate of organization). The term includes the certificate as amended or restated.

   Domestic limited liability company—An association formed under 15 Pa.C.S. Chapter 88 (relating to Pennsylvania Uniform Limited Liability Company Act of 2016) or which becomes subject to 15 Pa.C.S. Chapter 88 under 15 Pa.C.S. Chapter 3 (relating to Entity Transactions Law) or 15 Pa.C.S. §  8811 (relating to short title and application of chapter).

   Foreign limited liability company—An association organized under the laws of any jurisdiction other than the Commonwealth, whether or not required to register under 15 Pa.C.S. Chapter 4 (relating to foreign associations), which would be a limited liability company if organized under the laws of the Commonwealth.

   Foreign registration statement—The statement required under 15 Pa.C.S. §  412 (relating to foreign registration statement), by which a foreign filing association or foreign limited liability partnerships registers to do business in this Commonwealth.

   Restricted professional company—A domestic or foreign limited liability company that renders one or more restricted professional services.

   Restricted professional services—The following professional services: chiropractic, dentistry, law, medicine and surgery, optometry, osteopathic medicine and surgery, podiatric medicine, public accounting, psychology or veterinary medicine. The unofficial citations for the definitions of the various types of restricted professional services under Pennsylvania law are as follows:

     (i)   Chiropractic—section 102 of the Chiropractic Practice Act (63 P.S. §  625.102).

     (ii)   Dentistry—section 2 of The Dental Law (63 P.S. §  121).

     (iii)   Medicine and surgery—section 2 of the Medical Practice Act of 1985 (63 P.S. §  422.2).

     (iv)   Optometry—section 2 of the Optometric Practice and Licensure Act (63 P.S. §  244.2).

     (v)   Osteopathic medicine and surgery—section 2 of the Osteopathic Medical Practice Act (63 P.S. §  271.2).

     (vi)   Podiatric medicine—section 2 of the Podiatry Practice Act (63 P.S. §  42.2).

     (vii)   Psychology—section 2 of the Professional Psychologists Practice Act (63 P.S. §  1202).

     (viii)   Public accounting—section 2 of the CPA Law (63 P.S. §  9.2).

     (ix)   Veterinary medicine—section 3 of the Veterinary Medicine Practice Act (63 P.S. §  485.3).

§ 71.2. Restricted professional companies.

 If a limited liability company is a restricted professional company, its certificate of organization or foreign registration statement must contain a statement to that effect, including a brief description of the restricted professional service or services to be rendered by the company.



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