A Professional Limited Liability Company (PLLC) is a type of LLC that is specialized business structure designed for licensed professionals such as doctors, lawyers, and accountants. It provides a unique blend of personal asset protection and professional flexibility. The Professional Corporation/ Professional can name can include “Professional Corporation” or “Professional Limited Liability Company” or the abbreviation “P.C.,” “PC,” or “PLLC” or, in some states, “P.A.” (professional association) or “S.C.” (service corporation).

The process of setting up a PLLC can vary significantly from state to state in the US, and it involves several crucial steps. One of the key aspects of incorporating a PLLC is that all members must hold valid and necessary licenses for their profession. These licenses must be provided as proof during the incorporation process. The state licensing board for the respective profession must authorize the formation of the PLLC. This ensures that all members are qualified to provide the professional services offered by the PLLC. A PLLC is a corporation that is organized under state law to provide services by licensed professionals. This can include a wide range of professionals who can either own their own practice or form a separate legal entity. The formation of a PLLC is similar to that of regular corporations and LLCs. They need to file a formation document with a state business entity filing office. This document is generally called Articles of Incorporation for a professional corporation and Articles of Organization for an LLC.

Just like any other business, a PLLC must pay taxes and file an annual report. Depending on the state and the nature of the business, additional regulations may need to be complied with.

Each state has its own set of rules and regulations governing the formation and operation of PLLCs. In some states, a licensed professional must be the organizer of the PLLC and sign the appropriate organizational documents. Therefore, it’s essential to research and understand the specific requirements of the state where you plan to register your PLLC.

Incorporating a PLLC in United States of America involves a detailed process that requires careful planning and adherence to state-specific regulations. It’s always advisable to consult with a professional. The goal is to create a business structure that offers personal asset protection, flexibility, and other benefits to licensed professionals.