Failing to update the operating agreement as the business evolves

An LLC is a specific type of legal entity that grants you limited liability and makes you, as an owner, not personally liable for the debts or liabilities of ... Authorized Livestock Farm Limited Liability Company (ALF LLC); Professional Limited Liability Company (PLLC). A business using a name other than the original ... Apr 9, 2013 ... A PLLC will give you a lot more tax flexibility and asset protection than a professional corporation, so for the rest of the article I will assume you will use ... Taxes: A PLLC is subject to a state franchise tax. Contact the Texas Comptroller of Public Accounts, Tax Assistance Section, Austin, Texas, 78774-0100, (512) ... A Commercial Law Firm You Can Trust. With more than 300 lawyers in over 30 practice and industry groups, we work with companies, individuals, nonprofits and ... Ready to form your PLLC now? The easiest way to get started is to make a FREE account with our fillable Texas Certificate of Formation document below. Similar to a regular LLC, a PLLC provides limited liability to its members, protecting their personal assets from the company's debts and obligations. However, ... A PLLC is formed by filing Articles of Organization pursuant to Section 1203 of the Limited Liability Company Law. “Profession,” as defined in Section 1201(b) ... A PLLC, or Professional Limited Liability Company, is a business structure designed specifically for licensed professionals. It combines the liability ... A PLLC is a professional limited liability company. It is very similar to a regular limited liability company, but there are some key differences.