Current with legislation from the 2024 Regular and Special Sessions.
Section 34-243h - Powers and purposes. Restrictions(a) A limited liability company has the capacity to sue and be sued in its own name and the power to do all things necessary or convenient to carry on its activities and affairs.(b) A limited liability company may be formed under sections 34-243 to 34-283d, inclusive, for the transaction of any business or the promotion of any purpose which may be lawfully carried on by a limited liability company except that of a Connecticut bank as defined in section 36a-2.(c) Except as provided in this subsection, a limited liability company may be formed to render professional services, provided: (1) Each member of the limited liability company must be licensed or otherwise authorized by law in this state or any other jurisdiction to render such professional services; (2) the limited liability company will render only one specific type of professional services and services ancillary to such professional services and may not engage in any business other than the rendering of professional services for which it was formed to render and services ancillary to such professional services; and (3) the limited liability company may render its professional services in this state only through its members, managers, employees and agents who are licensed or otherwise legally authorized to render such professional services within this state. A limited liability company that will render professional services by licensed or certified alcohol and drug counselors may only be formed pursuant to subdivision (2) of subsection (d) of this section.(d) A limited liability company may be formed to render professional services rendered by members of two or more of the following professions: (1) Psychology, marital and family therapy, social work, nursing and psychiatry; (2) medicine and surgery, occupational therapy, social work, and alcohol and drug counseling; and (3) medicine and surgery, and chiropractic; provided (A) each member of the limited liability company must be licensed or otherwise authorized by law in this state or any other jurisdiction to render any of the types of professional services specified in subdivision (1), (2) or (3) of this subsection, (B) the limited liability company will render only the types of professional services specified in subdivision (1), (2) or (3) of this subsection and services ancillary to them and may not engage in any business other than the rendering of professional services for which it was formed to render and services ancillary to them, and (C) the limited liability company may render its professional services in this state only through its members, managers, employees and agents who are licensed or otherwise legally authorized to render any of the types of professional services specified in subdivision (1), (2) or (3) of this subsection within this state.(e) The name of a limited liability company formed on or after July 1, 2017, to render professional services shall contain the words "professional limited liability company" or the abbreviation "P.L.L.C." or "PLLC", "Limited" may be abbreviated as "Ltd.", and "company" may be abbreviated as "Co.".(f) No limited liability company formed under the provisions of sections 34-243 to 34-283d, inclusive, shall have power to transact in this state the business of a telegraph company, gas, electric, electric distribution or water company, or cemetery corporation, or of any company, except a telephone company, requiring the right to take and condemn lands or to occupy the public highways of this state.(g) No limited liability company may be formed under the provisions of sections 34-243 to 34-283d, inclusive, for the purpose of transacting the business of an insurance company or a surety or indemnity company, unless (1) it is an affiliate of an insurance company chartered by, incorporated, organized or constituted within or under the laws of this state; and (2) at the time of the filing of its certificate of organization, there is also filed a certificate issued by the Insurance Commissioner, pursuant to section 33-646, authorizing the formation of the limited liability company. No limited liability company formed under the provisions of sections 34-243 to 34-283d, inclusive, shall have power to transact in this state the business of any insurance company or a surety or indemnity company until it has procured a license from the Insurance Commissioner in accordance with the provisions of section 38a-41.(h) Nothing in sections 34-243 to 34-283d, inclusive, shall be construed to authorize a limited liability company formed under said sections to transact any business except in compliance with any laws of this state regulating or otherwise applying to the same. The provisions of sections 34-243 to 34-283d, inclusive, shall govern all limited liability companies, except that where by law special provisions are made in the case of a designated class or classes of limited liability companies governing the limited liability company procedure thereof in any respect, limiting or extending the powers thereof, conditioning action upon the approval of any agency of the state or otherwise prescribing the conduct of such limited liability companies, such procedure, power, action or conduct shall be governed by such special provisions whether or not such limited liability companies are formed under said sections.(i) Nothing in this section shall prohibit the formation of a limited liability company under sections 34-243 to 34-283d, inclusive, for the transaction of any business or for the promotion of any purpose in any other state if not prohibited by the laws thereof.Conn. Gen. Stat. § 34-243h
( P.A. 16-97, S. 9; P.A. 17-108, S. 26.)
Amended by P.A. 17-0108, S. 26 of the Connecticut Acts of the 2017 Regular Session, eff. 7/1/2017.Added by P.A. 16-0097, S. 9 of the Connecticut Acts of the 2016 Regular Session, eff. 7/1/2017.