Sample Operating Agreement for Professional Limited Liability Company PLLC - Kansas: Fill out & sign online

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What are the benefits of a PLLC?

Advantages Members of a PLLC arent personally liable for the malpractice of any other member. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent. The PLLC can choose to be taxed as a pass-through entity or as a corporation.

Does Kansas recognize PLLC?

Kansas allows professionals to form both PLLCs and PCs, and both PLLCs and PCs provide liability protection for, respectively, their members or shareholders. Because the protection is essentially the same for both PLLCs and PCs, but PLLCs are simpler to create and operate, many professionals prefer the PLLC structure.

Is PLLC and LLC the same?

Haman, Esq. A professional limited liability company, or PLLC, is a specialized type of LLC used by certain licensed professionals in many states. A limited liability company, or LLC, is a particular way of organizing the structure of a business.

What are the main issues addressed in LLC operating agreement?

The core elements of an LLC operating agreement include provisions relating to equity structure (contributions, capital accounts, allocations of profits, losses and distributions), management, voting, limitation on liability and indemnification, books and records, anti-dilution protections, if any, restrictions on

Can I make my own operating agreement?

Most states do not require LLCs to have this document, so many LLCs choose not to draft one. While it may not be a requirement to have an operating agreement, its actually in the best interest of an LLC to draft one. And by drafting it, Im referring to creating a written operating agreement.

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