Not having a clear exit strategy for members

A PLLC is a type of LLC that provides licensed services. Typically, its members need to belong to the same profession, though there are some exceptions. 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. Our Formation Package includes applying for your LLC or PLLC online with the Corporation Commission, obtaining an EIN from the IRS and publishing, when ... Social Work Licensees who wish to form a Professional Corporation or Limited Liability Company must apply to the North Carolina Social Work Certification and ... 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 ... A PLLC, or Professional Limited Liability Company, is a business structure designed specifically for licensed professionals. It combines the liability ... Nov 30, 2023 ... While many independent contractors prefer LLCs for their flexibility, some professionals will benefit more from forming a PLLC. Dec 5, 2023 ... A PLLC is a “Professional Limited Liability Company” and, like traditional LLCs, it is a type of legal business entity formed officially through the Illinois ... Jun 1, 2021 ... Yes, Licensed Therapists Should Incorporate Using A PLLC or PC · While the state of Michigan does not require therapists to incorporate, yes, ... Jul 12, 2011 ... An Arizona PLLC is an LLC that provides professional services that may be performed only by a person who is licensed by a limited number of professions in ...