(1) A Limited Liability Partnership which
renders professional services in the Commonwealth must register as a Registered
Professional Limited Liability Partnership.
(2) In order to become a Registered
Professional Limited Liability Partnership, a partnership shall file a
registration with the Division executed by one or more partners and authorized
by a majority of partners. The registration shall contain in the order provided
herein:
(a) the federal employer
identification number of the partnership;
(b) the name of the partnership;
(c) the street address of its principal
office in the Commonwealth;
(d) a
description of the professional service(s) in which the partnership is
engaged;
(e) the name and business
address, if different from the principal office location, of each partner who
will render a professional service on behalf of the partnership in the
Commonwealth; and
(f) a statement
that the partnership has complied with any rule(s) of its regulating board
relative to liability insurance or permissible alternatives.
The registration, in addition, may include:
(g) the name, and business address, if
different from the principal office location, of each partner authorized to
execute, acknowledge, deliver and record any recordable instrument purporting
to affect any interest in real property; and
(h) the name and street address of its
registered agent in the Commonwealth.
The registration must be accompanied by a certificate of the
appropriate regulating board or boards indicating that each partner who renders
a professional service on behalf of the partnership in the Commonwealth at the
time of filing is duly licensed to render such service.
(3) The status of the Registered
Professional Limited Liability Partnership is effective upon filing of the
registration and payment of the required fee. The fee for filing the
certificate of registration is $500.00.
(4) Every Registered Professional Limited
Liability Partnership shall renew its registration by filing an annual report
on or before the last day of February in each year following the year of
registration. The report shall include all information required or allowed in
the registration, contain a certification that each partner who renders a
professional service on behalf of the partnership in the Commonwealth at the
time of filing is duly licensed to render such service, be signed by at least
one partner, and be accompanied by a fee of $500.00.
(5) A registered professional limited
liability partnership may amend its registration by filing a certificate of
amendment. The certificate of amendment shall be signed by at least one partner
and set forth in the order provided herein:
(a) its federal employer identification
number;
(b) the name of the limited
liability partnership;
(c) the date
of filing of the original registration;
(d) the names and business address, if
different from the principal office location, of each partner authorized to
execute, acknowledge, deliver and record any recordable instrument purporting
to affect any interest in real property, if any; and
(e) the amendment.
The amendment is effective upon filing the certificate of
amendment and payment of the required fee. The fee for filing the certificate
of amendment is $100.00.
