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How to use or fill out LI-231 - PROFESSIONAL CORPORATION (PC) OR PROFESSIONAL LIMITED LIABILITY COMPANY (PLLC) with our platform
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Click ‘Get Form’ to open the LI-231 form in the editor.
Begin by entering your legal name as licensed in the 'Salesperson/Broker Applicant' section, ensuring it matches your official documents.
Fill in your License Number and License Expiration Date accurately to avoid processing delays.
Provide your contact information, including Email, Phone, and Fax, for communication regarding your application.
In the 'Employing Broker Company Name' field, enter the name of your employing broker along with their License Number.
Specify whether you are submitting an Original PC Application or PLLC Application by checking the appropriate box.
Attach required documents such as Articles of Incorporation or Organization stamped 'FILED' by the Arizona Corporation Commission using our platform's upload feature.
Review all entries for accuracy and completeness before signing. Ensure both you and the Designated Broker sign where indicated.
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Similar to how the PLLC is analogous to the LLC, a PC is in many ways similar to a standard corporation. The main difference being, again, that professionals cannot operate as regular corporations and only professionals can be shareholders in a PC.
Who needs a PLLC in Arizona?
There is only one profession in Arizona that requires its licensed professionals to form a professional limited liability company and that is real estate sales agents. Realtors do not have to form a PLLC unless they want their broker to pay them as an entity rather than as an individual.
Is a PLLC the same as a professional corporation?
For example, professionals in California cannot form a PLLC but can form a PC or a registered limited liability partnership (RLLP), while professionals in other states, such as New York and Arizona, can form a PLLC. Owners of a PLLC will be taxed individually, as a partnership, or as an S corporation.
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How to create a PLLC in AZArizona PLLCPLLC vs LLC ArizonaProfessional limited liability company servicesArizona Corporation CommissionArizona PLLC ApplicationWhat is a PLLCArizona pllc lookup
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Read more about PC / PLLC Application / Change Form. PC, Professional Corporation, PLLC, Professional Limited Liability Company, LI-231. Out-of-State License
by ES Miller 2008 Cited by 1 The merger was accomplished under the Washington Business Corporation Act and the Delaware Limited Liability. Company Act, but the joint venture agreements
Cited by 225 In addition, the Small Business Liability Relief and. Brownfields Revitalization Act exempts from liability bona fide prospective purchasers who purchase
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