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What is a professional corporation in Nevada?

Professional corporations (PCs) are specialized entities organized and operated solely by licensed professionals such as attorneys, accountants and doctors. Unlike a business corporation, the officers, directors, and shareholders are generally all required to be licensed professionals.

What is the downside to an LLC?

Disadvantages of creating an LLC States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of States office. Transferable ownership. Ownership in an LLC is often harder to transfer than with a corporation.

Is Nevada a good state to form an LLC?

Advantages to Forming an LLC in Nevada Nevada offers a wide range of benefits as a state of incorporation, including its ease of registration, relatively low corporate taxes and lack of state taxes. Nevada also offers strong privacy protections to business owners and a business-friendly environment.

What is the difference between LLC and pllc?

Professional Limited Liability Companies With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals.

What is a professional LLC in Nevada?

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

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