CODE OF VIRGINIA

SPECIAL PROVISION FOR LIMITED LIABILITY COMPANY ENGAGED IN PRACTICE OF
ACCOUNTING (§ 13.1-1112)

Before any professional limited liability company may engage in the practice of
accounting in this Commonwealth, it shall first obtain and maintain any
registration required for that professional limited liability company by Chapter
44 (§ 54.1-4400 et seq.) of Title 54.1. Not less than fifty-one percent of the
membership interests of a professional limited liability company rendering the
services of accounting shall be held by individuals or professional business
entities duly licensed or otherwise legally authorized to render the services of
accounting, and the remainder of the membership interests may be held only by
individuals who are employees of the professional limited liability company,
whether or not those employees are licensed or otherwise authorized to render
professional services.

HISTORY: 1992, c. 574; 2000, c. 191.