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TEL: FAX: 1-866-754-4460 718.732.2471 Professional Limited Liability Company PLEASE NOTE: The States of Pennsylvania, Georgia, Arizona, Nebraska and New York law requires a Corporation / LLC to publish
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What is professional limited liability company?
A professional limited liability company (PLLC) is a specific type of limited liability company (LLC) that is formed to provide professional services, such as legal, medical, accounting, or engineering services. It combines the benefits of a limited liability company with the requirements and regulations of a professional partnership.
Who is required to file professional limited liability company?
Professionals who wish to provide their services through a limited liability company structure are required to file a professional limited liability company (PLLC). This includes professionals such as doctors, lawyers, accountants, architects, and engineers.
How to fill out professional limited liability company?
To fill out a professional limited liability company (PLLC), you will need to follow the same process as forming a regular limited liability company (LLC). This typically involves choosing a unique name for your PLLC, filing the necessary formation documents with the appropriate state agency, appointing a registered agent, and paying the required fees. However, additional requirements may vary depending on the state and profession.
What is the purpose of professional limited liability company?
The purpose of a professional limited liability company (PLLC) is to limit the professional liability of its members while allowing them to organize and operate their professional businesses in a more flexible manner than a traditional professional partnership. A PLLC allows professionals to enjoy the benefits of a limited liability company, such as protection of personal assets, while retaining the ability to operate and manage their professional practices.
What information must be reported on professional limited liability company?
The specific information that must be reported on a professional limited liability company (PLLC) varies depending on the state and profession. Generally, it includes details such as the name and address of the PLLC, the names and addresses of its members, the nature of the professional services provided, and any required professional licenses or certifications.
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