• As used in this chapter, unless the context otherwise requires:
    • (1) “Disqualified person” means an individual or entity that for any reason is or becomes ineligible under this chapter to be a member of a PLLC;

    • Terms Used In Tennessee Code 48-248-102

      • Business: includes every trade, occupation, profession, investment activity and other lawful purpose for gain or the preservation of assets whether or not carried on for profits. See Tennessee Code 48-202-101
      • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
      • Court: includes every court and judge having jurisdiction in the case. See Tennessee Code 48-202-101
      • Entity: includes the following, whether foreign or domestic: LLCs. See Tennessee Code 48-202-101
      • Individual: includes the estate of an incompetent or deceased individual. See Tennessee Code 48-11-201
      • Law: includes rules promulgated in accordance with §. See Tennessee Code 48-248-102
      • Licensing authority: means the officer, board, agency, court or other authority in this state empowered to license or otherwise authorize the rendition of a professional service. See Tennessee Code 48-248-102
      • LLC: means a limited liability company, organized under chapters 201-248 of this title. See Tennessee Code 48-202-101
      • Member: means a person reflected in the required records of an LLC as the owner of some governance rights of a membership interest of the LLC. See Tennessee Code 48-202-101
      • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
      • Person: includes individual and entity. See Tennessee Code 48-202-101
      • PLLC: means an LLC, other than a foreign professional LLC, which has elected to become subject to this chapter. See Tennessee Code 48-248-102
      • Professional service: means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service and that may not be lawfully rendered by a corporation under the Tennessee Business Corporation Act, compiled in chapters 11-27 of this title or by an LLC under chapters 201-248 of this title. See Tennessee Code 48-248-102
      • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105

      (2) “Domestic professional LLC” means a professional LLC formed under chapters 201-248 of this title;

    • (3) “Foreign professional LLC” means a foreign LLC formed for the purpose of rendering professional services under a law other than the law of this state;

    • (4) “Law” includes rules promulgated in accordance with § 48-248-603;

    • (5) “Licensing authority” means the officer, board, agency, court or other authority in this state empowered to license or otherwise authorize the rendition of a professional service;

    • (6) “Professional LLC” or “PLLC” means an LLC, other than a foreign professional LLC, which has elected to become subject to this chapter;

    • (7) “Professional service” means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service and that may not be lawfully rendered by a corporation under the Tennessee Business Corporation Act, compiled in chapters 11-27 of this title or by an LLC under chapters 201-248 of this title; and

    • (8) “Qualified person” means an individual, general partnership, professional corporation, professional association or PLLC that is eligible under § 48-248-401 to be a member of a PLLC.