Failing to consult with a tax advisor to optimize tax planning for the PLLC

A PLLC is short for professional limited liability corporation. This type of entity protects your personal assets and enables you to use pass-through taxation. Aug 30, 2019 ... For tax purposes, a PLLC is a “pass-through” company, which means that tax liability goes to the individual members instead of the entity itself ... Upload a complete copy of the Articles of Organization for PLLC as filed with the Illinois Secretary of. State to include a specific purpose clause for the type ... Social Work Licensees who wish to form a Professional Corporation or Limited Liability Company must apply to the North Carolina Social Work Certification and ... Provide the name of the professional LLC. All domestic professional LLCs must contain a word of formation. Pursuant to. K.S.A. 17-7920, that word must be one of ... A professional limited liability company or PLLC is a type of limited liability company that is created for the purpose of providing a professional service. A PLLC is formed by filing a Certificate of Formation of a Professional LLC with the Washington Secretary of State, Corporations and Charities Division and ... Jun 14, 2023 ... A benefit of an LLC is that anyone can be a member or owner of the LLC. However, with a PLLC, some states only allow licensed professionals to ... Feb 11, 2025 ... A PLLC is just a subtype of an LLC, however, PLLCs have more restrictions. Such as, you can only offer goods and services related to your ... New Mexico, for example, does not have the option to form a PLLC. As we noted earlier, licensed professionals form PLLCs for the benefit of certain liability ...