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PROFESSIONAL LIMITED LIABILITY COMPANY
for LICENSED PROFESSIONALS
STATE OF WASHINGTON
Electronic VersionStatutory Reference
Revised Code of Washington, Title 25, Chapter 25.15: Limited Liability Companies
25.15.046:
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How to fill out professional limited liability company
How to fill out WA-00PLLC
01
Gather necessary information about your LLC, including the name and address.
02
Determine the members of the LLC and their ownership percentages.
03
Fill in the 'Name of Limited Liability Company' section with the desired name.
04
Provide the 'Principal Office Address' where business operations will occur.
05
List the 'Registered Agent' and their address for service of process.
06
Indicate the duration of the LLC, whether it’s perpetual or for a specific period.
07
Complete any other required sections that apply to your specific LLC.
08
Review the document for any errors or missing information.
09
Sign the form and date it to verify its accuracy.
10
Submit the completed WA-00PLLC form along with the required filing fee to the appropriate state office.
Who needs WA-00PLLC?
01
Individuals or groups looking to establish a Limited Liability Company (LLC) in Washington state.
02
Existing businesses wishing to formalize their structure under state law.
03
Professionals seeking liability protection for their business activities.
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People Also Ask about
Is a PLLC the same as an LLP?
PLLC vs. In that way, an LLP is a lot like a PLLC. However, some states don't allow licensed professionals to form LLPs. Messer says, “A PLLC differs from an LLP in that a PLLC can be required if the type of business to be transacted requires a license from the state.
What is a professional LLC in Texas?
The professional limited liability company (hereinafter PLLC) is a limited liability company that is formed for the purpose of providing a professional service.
What is the difference between a limited liability partnership and a professional limited liability partnership?
A professional limited liability partnership functions like a regular limited liability company. The latter is, however, being used more often for tax purposes, as it is being taxed as a single entity. A limited liability company is a type of business owned by one or more people.
What does being a limited liability company mean?
LLC stands for limited liability company, which means its members are not personally liable for the company's debts. LLCs are taxed on a “pass-through” basis — all profits and losses are filed through the member's personal tax return.
What is the difference between Washington limited liability company and professional limited liability company?
A PLLC is an LLC formed by a person or group of people who provide professional services. (PLLC stands for “professional limited liability company.”) Unlike the members of a regular Washington LLC, the members of a Washington PLLC are required to maintain licenses with the state ing to their profession.
Why would someone have a limited liability company?
The LLC has two main advantages: It prevents its owners from being held personally responsible for the debts of the company. If the company goes bankrupt or is sued, the personal assets of its owner-investors cannot be pursued. It allows all profits to be passed directly to those owners to be taxed as personal income.
What does it mean when a company is limited liability?
A limited liability company (LLC) is a structure that separates companies and their owners. It prevents individuals from being liable for the company's financial losses, debts, and other liabilities.
What is the difference between a professional corporation and an LLC in Texas?
The difference between a PC and a PLLC is ultimately the same as the difference between a regular corporation and a regular LLC. One major difference is how these entities are taxed. The PLLC has a few options for taxation, and all of them are likely to save ownership money compared to a PC.
What is the difference between an LLC and an LLP?
Limited Liability Partnership (LLP) A limited liability partnership is similar to a limited liability company (LLC) in that all partners are granted limited liability protection. However, in some states the partners in an LLP get less liability protection than in an LLC. LLP requirements vary from state to state.
What is the difference between an LLC and a PLLC in New York?
PLLCs are geared for groupings of people in professions like medicine, architecture, or law. The main difference between an LLC and a PLLC is how the company handles malpractice claims. A PLLC holds each member separately responsible for their own malpractice claims.
How long does it take to form a PLLC in NY?
New York LLC Processing Times Normal LLC processing time:Expedited LLC:New York LLC by mail:8 months (plus mail time)24-hours ($25 extra) plus 2 other optionsNew York LLC online:immediatelyNot available Mar 8, 2023
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What is WA-00PLLC?
WA-00PLLC is a specific form used in the state of Washington for reporting the activities and financial information of Professional Limited Liability Companies (PLLCs).
Who is required to file WA-00PLLC?
All Professional Limited Liability Companies operating in Washington are required to file the WA-00PLLC form to comply with state regulations.
How to fill out WA-00PLLC?
To fill out the WA-00PLLC form, visit the Washington Secretary of State's website, download the form, provide accurate information about the PLLC's name, address, members, and financial details, and submit it as required.
What is the purpose of WA-00PLLC?
The purpose of WA-00PLLC is to provide transparency regarding the operations and financial standing of Professional Limited Liability Companies, ensuring compliance with state laws.
What information must be reported on WA-00PLLC?
The WA-00PLLC form must report the PLLC's name, address, names of members or managers, the nature of the professional service provided, and relevant financial information.
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