No corporation organized and incorporated under this chapter may render professional services except through its officers, employees, independent contractors, and agents who are duly licensed or otherwise legally authorized to render such professional services, and only shareholders, officers, employees, independent contractors, and agents licensed or otherwise legally qualified by this Commonwealth may perform the professional service in Virginia; provided, however, this provision shall not be interpreted to preclude clerks, secretaries, bookkeepers, technicians and other assistants who are not usually and ordinarily considered by custom and practice to be rendering professional service to the public for which a license or other legal authorization is required from acting as employees of a professional corporation and performing their usual duties or from acting as officers of a professional corporation; and provided further that nothing contained in this chapter shall be interpreted to require that the right of an individual to be a shareholder of a corporation organized under this chapter, or to organize such a corporation, is dependent upon the present or future existence of an employment relationship between him and such corporation, or his present or future active participation in any capacity in the production of the income of such corporation or in the performance of the services rendered by such corporations.
1970, c. 77; 1994, c. 349; 2003, c. 786.
Structure Code of Virginia
Chapter 7 - Professional Corporations
§ 13.1-542.1. Practice of certain professions by corporations
§ 13.1-544. Who may organize and become shareholder
§ 13.1-544.1. Use of initials "P.C." or "PC" in corporate name
§ 13.1-544.2. Certificate of authority for foreign professional corporations
§ 13.1-548. Corporation not to engage in other business; investment of funds
§ 13.1-549.1. Special provision for corporation engaged in practice of accounting
§ 13.1-549.2. Registration certificate required for corporation engaged in practice of law
§ 13.1-550. Transfer of shares
§ 13.1-551. Disqualification of shareholder
§ 13.1-553. Board of directors
§ 13.1-554.1. Income and property taxes
§ 13.1-556. Application of Chapter 9 or Chapter 10 of this title