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Bookmark or Share- PLLC: The Complete Guide to a Professional Limited Liability ...PLLC vs. limited liability partnership (LLP) An LLP is a partnership that offers limited liability protection for owners. Unlike a general partnership, partners in an LLP are personally liable ...
- What is a PLLC: Everything You Need to Know - UpCounselPLLC stands for "professional limited liability company" and is like a limited liability company except run by licensed professionals like doctors and lawyers. PLLC and LLC have different restrictions and requirements. A company organized into an LLC is a legal entity. The owners of the company contribute to its funding but do not take personal ...
- PLLC | What is a Professional Limited Liability Company?A PLLC is a type of limited liability company owned and operated by individuals holding the same professional licenses in the same state. By definition, a PLLC can only provide services that are associated with the owners’ licenses. For example, three licensed dentists may start a PLLC, but they can’t offer services outside of dentistry or ...
- Professional Limited Liability Companies | PLLC | Nolo | NoloPLLC vs. LLP vs. PC. Most states that don't allow professionals to form regular LLCs do allow professionals to form PLLCs, with the notable exception of California. California allows professionals to form registered limited liability partnerships (LLPs) or professional corporations (PCs), but not LLCs or PLLCs.
- What makes an LLC different from a PLLC? | LegalZoomThe difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be ...
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