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Bill

Bill

HB 98

relative to professional limited liability company (PLLC) assistant manager status.

Introduced by Eric Turer

HB 98 establishes assistant manager status in New Hampshire professional limited liability companies, affecting governance and management structure for licensed professional firms.

Enrolled Adopted, VV, (In recess 05/01/2025); SJ 12
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WeVote Research Nonpartisan
Bill Summary · HB 98

Legislative bill overview

HB 98 modifies New Hampshire law to establish or clarify the status of assistant managers within professional limited liability companies (PLLCs). The bill appears to address governance structures and management authority within these business entities, which are commonly used by licensed professionals like doctors, lawyers, and accountants.

Why is this important

PLLCs serve thousands of New Hampshire professionals and their clients rely on clear governance rules. Clarifying assistant manager status affects operational flexibility, liability protection, and succession planning for professional service firms, potentially impacting how these businesses can be organized and managed.

Potential points of contention

  • Scope of authority unclear: The bill's specific provisions on assistant manager powers and responsibilities are not detailed in available materials, making it difficult to assess whether protections for professional licensing requirements are maintained
  • Professional licensing implications: Changes to management structure could affect professional liability insurance, ethical obligations, and regulatory compliance requirements that differ by profession
  • Competitive impact: Businesses may benefit differently based on size and structure, potentially creating competitive advantages for some PLLCs over others

Compiled from official sources — confirm details with the bill’s official record.

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