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Commonly Asked Questions about PLLC Legal Documents

The professional limited liability company (hereinafter PLLC) is a limited liability company that is formed for the purpose of providing a professional service.
Anyone whos licensed to perform a professional service can form a Texas PLLC. If youre unsure whether your Texas-licensed profession is considered a professional service for the purpose of forming a PLLC, check with a local business attorney.
Heres how to start a Colorado PLLC in eight steps: Name your Colorado PLLC. Appoint a Colorado registered agent. File Colorado Articles of Organization for Your Professional LLC. Create an Operating Agreement. Obtain business licenses and permits. Get insurance. Open a business bank account.
PLLCs are similar to traditional LLCsboth provide limited liability protectionbut PLLCs typically have increased oversight and additional requirements for these high-liability professions, such as an occupational license from your states regulatory board.
Professional limited liability company means a limited liability company whose articles of organization set forth a sole and specific purpose permitted by this chapter and that is either (i) organized under this chapter for the sole and specific purpose of rendering professional service other than that of architects,
Texas PLLCs differ from Texas LLCs in that PLLCs are formed specifically for individuals providing professional licensed services. Forming a PLLC might be the right option for you if you are a licensed professional in Texas planning to open your own practice.
Yes, you can convert your LLC into a PLLC in Texas by filing a Certificate of Amendment to change the name and purpose of your LLC. Youll also need to update your operating agreement to reflect these changes. Here, well go over the process of converting your Texas LLC into a PLLC.
PLLCs offer licensed professionals like doctors, lawyers, and accountants extra protection from malpractice lawsuits. Since PLLC members are responsible for their own malpractice insurance, your personal assets are shielded if a claim is filed. With a standard LLC, your personal assets could be at risk.