Failing to properly draft an operating agreement

There's no one business entity that meets every therapist's needs. The route you go depends on your goals and the amount of time and money you want to invest. A professional limited liability company, as the name implies, is a company made up of licensed persons who have been legally authorized to provide a ... A professional service company is an entity organized for the sole purpose of providing specific professional services to the public. Jul 23, 2020 ... PCs have stockholders rather than members, which enables more people to financially be involved than in a PLLC. It is a simplification to say ... However, for many professional service providers, Virginia offers another, yet confusingly similar, option: the professional limited liability company (“PLLC”). Apr 15, 2020 ... Texas PLLCs differ from Texas LLCs in that PLLCs are formed specifically for individuals providing professional licensed services. Apr 17, 2023 ... With a PLLC, members have access to the management flexibility, tax benefits, and liability protection an LLC offers. However, a PLLC can only ... A PLLC lawyer is a legal professional who is a part of an organization that allows them to work with others while maintaining liability protection. In some states, professionals that hold a license can form a professional limited liability company (PLLC) rather than the more common LLC. ... If you provide a ... In other words, PLLCs do not need to have officers and directors governing their operations. A PLLC can be managed by its members (or owners) or by managers who ...