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Senate Commerce committee hears bill to allow temporary 'assistant manager' role for solo professional LLCs
Summary
A bill presented to the Senate Commerce Committee would let solo-member professional limited liability companies name an assistant manager to exercise corporate—but not professional—powers for up to one year if the sole licensed professional becomes incapacitated, dies or is otherwise disqualified.
At a Senate Commerce Committee hearing, Rep. Eric Turer, R-Brentwood, presented House Bill 98 to allow a narrowly defined ‘assistant manager’ role inside single-member professional limited liability companies (PLLCs).
The bill is aimed at solo professional practices—examples cited by Turer included long-running veterinarian practices—where the single licensed professional is also the corporate member. Under current law, if that person dies, becomes incapacitated or loses licensing status, the PLLC may have no eligible person to act in corporate capacities, leaving dissolution as the only readily available option. “This bill will…
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