LLC

LLC

Postby mustpassare » Wed Apr 02, 2014 11:28 pm

I am reading about LLC and the Corporations Code Section 17375:

Nothing in this title shall be construed to permit a domestic or foreign limited liability company to render professional services, as defined in subdivision (a) of Section 13401 and in Section 13401.3, in this state.


What is the reason LLC is not acceptable in the State of California but other states? Anyone? Thank you.
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Re: LLC

Postby Coach » Wed Apr 02, 2014 11:41 pm

You'll have to ask the legislature.
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Re: LLC

Postby mustpassare » Wed Apr 02, 2014 11:49 pm

From Wikipedia:

A Professional Limited Liability Company (PLLC, P.L.L.C., or P.L.) is a limited liability company organized for the purpose of providing professional services. Usually, professions where the state requires a license to provide services, such as a doctor, chiropractor, lawyer, accountant, architect, landscape architect, or engineer, require the formation of a PLLC.[11] However, some states, such as California, do not permit LLCs to engage in the practice of a licensed profession. Exact requirements of PLLCs vary from state to state. Typically, a PLLC's members must all be professionals practicing the same profession. In addition, the limitation of personal liability of members does not extend to professional malpractice claims.
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Re: LLC

Postby hnQ_9999 » Mon Apr 03, 2017 2:05 pm

This provision is scheduled to be modified or removed
by 2016.
I couldn't find it and afraid it's too detailed for CSE.
But wondering if anyone has this info available already.
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Re: LLC

Postby Coach » Mon Apr 03, 2017 2:12 pm

All you need to know is in the APA.
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Re: LLC

Postby cloudyy » Sat Sep 22, 2018 11:05 am

Asking myself these questions a year and half later after this thread. Does anyone know why LLCs are not allowed in CA?
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