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What is the difference between PLLC and LLC in New York?

A New York PLLC is a limited liability company (LLC) formed specifically by people who will provide New York licensed professional services. LLCs in general are businesses registered with the state that consist of one or more peoplecalled LLC memberswho own the business.

What does PLLC after a doctors name mean?

A professional limited liability company (PLLC) is a business structure that offers personal asset protection for business owners in licensed occupations, such as medicine and law. Only recognized in some states, PLLCs are subject to the same laws as ordinary LLCs.

How do I create a PLLC in Texas?

You can download a blank certificate of organization form (Form 206) by going to the SOS website. The formwhich includes helpful instructionsis specifically for PLLCs (as opposed to regular LLCs). You can also file online at the Secretary of States SOSDirect website. The current filing fee is $300.

Who can use a PLLC in Texas?

Title 7, chapter 301 establishes certain restrictions and requirements regarding ownership and management of a PLLC. Only a professional individual or professional organization may be an owner or manager of a PLLC. Only a professional individual may be an officer of a PLLC.

What is the main difference between a professional and a regular LLC?

A PLLC is a kind of LLC specifically for licensed professionals. The difference between an LLC and a PLLC is mainly that only licensed professionals such as architects, doctors, lawyers and accountants can form PLLCs. Check with your state to determine if they permit licensed professionals to form a standard LLC.

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