Virginia pllc 2025

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The document outlines the formation and regulations governing Professional Limited Liability Companies (PLLCs) in Virginia, specifically for licensed professionals. It details the statutory references, definitions of professional services, naming requirements, management structure, member responsibilities, and procedures for establishing a PLLC. The document emphasizes compliance with Virginia laws and includes steps for reserving a name, filing articles of organization, and creating an operating agreement. It also addresses liability limitations, membership transfer restrictions, and dissolution processes.

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What is the difference between a PLLC and an LLC?

The main difference between a PLLC and an LLC is that the PLLC Act imposes restrictions on who may be an owner of a PLLC. A PLLC is only for professionals recognized in Virginia through applicable licensing or certification. ingly, for most Virginia PLLCs, all members must be professionally licensed.

Does Virginia allow PLLC?

Professional Limited Liability Companies (PLLC) provide specific services outlined in the Code of Virginia. Typically, these services require a license, certification, or other legal authorization. Only businesses who provide these types of professional service can set up an PLLC.

What is the PLLC Act in Virginia?

It is the legislative intent to provide for the association of a group of individuals and professional corporations, professional limited liability companies, or other business entities formed to provide professional services as a limited liability company to render the same professional service to the public for which

How to form PLLC in Virginia?

Filing Your Articles of Organization You must file Articles of Organization with the State Corporation Commission (SCC) and pay a $100 filing fee to form your PLLC, just as you would to form an LLC. Similarly, you can also file online using the SCC Clerks Information System, or by mail or in person using a paper form.

Is it better to have a PLLC or an LLC?

For many small professional service businesses, the pros of a PLLC outweigh the extra hassle. The pass-through tax treatment, liability protection, and credibility of a PLLC can be advantageous. However, if youre unsure of your business ideas or want an easy setup, an LLC may suit your needs.

Which states allow PLLC?

States that allow PLLC formation include Arkansas, Arizona, Colorado, District of Columbia, Florida, Idaho, Iowa, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Utah,

Virginia pllc 2025

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