Unless the articles of organization or an operating agreement provides for management of a professional limited liability company by a manager or managers, management of a professional limited liability company shall be vested in its members. If the articles of organization or an operating agreement provides for management of a professional limited liability company by a manager or managers, the manager shall be an individual or professional business entity duly licensed or otherwise legally authorized to render the same professional services within this Commonwealth that the professional limited liability company was organized for the purpose of rendering. Only members or managers duly licensed or otherwise legally authorized to render the same professional services within this Commonwealth shall supervise and direct the provision of professional services within this Commonwealth, or delegate to their agents, officers, and employees or delegate by a management agreement or another agreement with, or otherwise to, other persons managerial duties and tasks related to the professional limited liability company's operations.
1992, c. 574; 2007, c. 629.
Structure Code of Virginia
Chapter 13 - Virginia Professional Limited Liability Company Act
§ 13.1-1100. Reservation of power to amend or repeal
§ 13.1-1101. Legislative purpose
§ 13.1-1101.1. Practice of certain professions by limited liability companies
§ 13.1-1103. Who may become a member
§ 13.1-1104. Use of initials "P.L.C.," "PLC," "P.L.L.C." or "PLLC" in company name
§ 13.1-1105. Certificate of authority for foreign professional limited liability company
§ 13.1-1112. Special provision for limited liability company engaged in practice of accounting
§ 13.1-1115. Transfer of membership interests
§ 13.1-1116. Disqualification of member, manager, agent or employee
§ 13.1-1120. Income and property taxes
§ 13.1-1122. Application of Chapter 12 of this title
§ 13.1-1123. Coordination with other provisions of Virginia Code