2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 91 - Limited Responsibility Partnerships Act (§§ 1861 — 1867) › § 1861 - Definitions

For the purposes of this chapter, the following terms and phrases shall have the meaning stated below:
(a) Professional service. — Means any type of professional service offered to the public, for which the obtention of a license or other legal authorization is required as a prior condition to the rendering of the service. The professional services covered within this chapter shall include, but shall not be limited to, professional services rendered by architects, certified public accountants, chiropractors, dentists, physicians, optometrists, osteopaths, professional engineers, veterinarians and lawyers.
(b) Limited liability partnership. — Means a partnership created by no less than two (2) natural persons covered by and in compliance of this chapter, which includes those who render professional services, or a related limited liability partnership.
(c) Foreign limited liability partnership. — Means a limited liability partnership created under and in compliance of the laws of another jurisdictions, which is registered and designated as such within the laws of said jurisdiction, and includes those who render professional services, or a related limited liability partnership.
(d) Related limited liability partnership. — A limited liability partnership that is related to another limited liability partnership that renders professional services. A limited liability partnership is related to another limited liability partnership that renders professional services and if:
(1) Said limited liability partnership renders related or complementary services to the professional services rendered by, or renders services or facilities to, the limited liability partnership that renders professional services, and
(2)
(A) If at least, a majority of the partners in one partnership are partners in the other partnership, or
(B) at least, a majority of the partners in each one of the partnerships also have shares in, or are members of another juridical person, and each one of the partnerships renders services pursuant to an agreement with that other juridical person, or
(C) one of the partnerships is the owner or controls another one or are subject to the control and common dominion of another natural or juridical person.
(e) Related foreign limited liability partnership. — A foreign limited liability partnership that is related to another foreign limited liability partnership that renders professional services. A foreign limited liability partnership is related to another foreign limited liability partnership that renders professional services if:
(1) Said foreign limited liability partnership renders related or complementary services to the professional services rendered by, or renders services or facilities to the foreign limited liability partnership that renders professional services, and
(2)
(A) If at least, a majority of the partners in one of the partnerships are partners in the other partnership, or
(B) at least, a majority of the partners in each one of the partnerships also has shares in, or are members of another juridical person, and each one of the partnerships renders services pursuant to an agreement with that other juridical person, or
(C) one of the partnerships is the owner or controls another one or, they are subject to the control or the common control of another natural or juridical person.
History —Aug. 20, 1996, No. 154, § 2.