Section 1107 – Activity limitations.
48-3a-1107. Activity limitations. A professional services company may not do anything that an individual licensed to practice the profession that the professional services company is organized to provide is prohibited from doing. Enacted by Chapter 412, 2013 General Session
Section 1108 – This part does not limit regulating board.
48-3a-1108. This part does not limit regulating board. This part does not restrict the authority or duty of a regulating board to license an individual providing a professional service or the practice of the profession that is within the jurisdiction of the regulating board, notwithstanding that the individual: (1) is a member, manager, or employee […]
Section 1109 – Member or manager of a professional services company.
48-3a-1109. Member or manager of a professional services company. A professional services company organized to provide a professional service: (1) may include a member, manager, or employee who is authorized under the laws of the jurisdiction where the member, manager, or employee resides to provide a similar professional service; (2) may include a member who […]
Section 1110 – Restriction on transfer by member.
48-3a-1110. Restriction on transfer by member. (1) Except as provided in Subsections (2) and (3), a member of a professional services company may sell or transfer the member’s interest in the professional services company only to: (a) the professional services company; or (b) an individual who is licensed or registered by this state to provide […]
Section 1111 – Purchase of interest upon death, incapacity, or disqualification of member.
48-3a-1111. Purchase of interest upon death, incapacity, or disqualification of member. (1) Subject to this part, one or more of the following may provide for the purchase of a member’s interest in a professional services company upon the death, incapacity, or disqualification of the member: (a) the certificate of organization; (b) the operating agreement; or […]
Section 1112 – Conversion to nonprofessional company.
48-3a-1112. Conversion to nonprofessional company. (1) A professional services company subject to this part converts into a limited liability company subject to this chapter, but not subject to this part on the day on which: (a) no member of the professional services company is licensed or registered for the professional service for which the professional […]
Section 1102 – Application of this part.
48-3a-1102. Application of this part. (1) If a conflict arises between this part and another provision of this chapter, this part controls. (2) Notwithstanding the other provisions of this part, on and after January 1, 2016: (a) a professional services company may not designate series of transferable interests; and (b) a limited liability company may […]
Section 1103 – Additional requirements for certificate of organization.
48-3a-1103. Additional requirements for certificate of organization. The certificate of organization of a professional services company shall: (1) comply with Section 48-3a-201; and (2) contain the following: (a) a name consistent with Section 48-3a-1104; (b) a description of the profession to be practiced through the professional services company; and (c) notwithstanding Section 48-3a-201, the name […]
Section 1104 – Name limitations.
48-3a-1104. Name limitations. (1) The name of a domestic professional services company and of a foreign professional services company authorized to transact business in this state, in addition to complying with Sections 48-3a-108 and 48-3a-906: (a) may not contain language stating or implying that it is formed for a purpose other than that authorized by: […]
Section 1105 – Providing a professional service.
48-3a-1105. Providing a professional service. (1) Subject to Section 48-3a-1106, a professional services company may provide a professional service in this state only through an individual licensed or otherwise authorized in this state to provide the professional service. (2) Subsection (1) does not: (a) require an individual employed by a professional services company to be […]