Legal Question in Business Law in Florida

Law firm's LLC

Can a non-lawyer own stock in a law firm's LLC.


Asked on 10/01/08, 4:16 pm

5 Answers from Attorneys
William Gwaltney William W. Gwaltney, Attorneys at Law

Re: Law firm's LLC

In some states, but not Florida

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Answered on 10/01/08, 8:41 pm
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: Law firm's LLC

No.

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Answered on 10/05/08, 4:27 pm
Walter LeVine Walter D. LeVine, Esq.

Re: Law firm's LLC

I concur that this cannot be done, either in NJ or in FL. Only licensed and also is good standing can have an interest.

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Answered on 10/02/08, 2:21 pm
John Corbett Corbett Law Firm LLC

Re: Law firm's LLC

No.

With certain narrow exceptions for lawyers who are leaving the practice of law and the firm, every member of a business organization that practices law in NJ must be a member in good standing of the bar of the State of NJ. Other States follow the same rule.

See also: http://info.corbettlaw.net/lawguru.htm

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Answered on 10/01/08, 4:58 pm
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Law firm's LLC

no.

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Answered on 10/01/08, 5:31 pm


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