Ignoring the potential for claims arising from negligence, errors, or omissions

Jun 9, 2023 ... Some states offer an alternative business structure to the traditional LLC, the Professional Limited Liability Company (PLLC). This business ... Feb 24, 2024 ... What Is a Professional Limited Liability Company (PLLC)? · Who Can Form a PLLC? · How Does a PLLC Protect its Members? · What Are the Tax ... May 5, 2024 ... A PLLC, or professional limited liability company, is designed for licensed professionals like doctors, lawyers, architects, and accountants. No company may be an owner of the Professional Limited Liability Company (PLLC). In addition, all limited liability companies qualifying in North Carolina as ... Social Work Licensees who wish to form a Professional Corporation or Limited Liability Company must apply to the North Carolina Social Work Certification and ... 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, ... 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 ... The main difference between an LLC and a PLLC is that a Professional Limited Liability Company has restrictions on who can be members. In Mississippi, all ... The Professional Limited Liability Company. (PLLC) and the Professional Corporation (PC) are business entities, often (but not always) in the form partnerships, ... What is needed to set up a PLLC. Depending on the state, a PLLC will have to prove that the Members, and Managers, if any, are duly licensed to practice the ...