An LLC is the most popular type of business entity, as it offers pass through taxation and Limited Liability Protection. If you are a licensed professional, you may need a PLLC instead. The reason being, the Department of Education monitors licensed professionals, so when forming a business, the Department of Education requires extra steps and verification before one can practice under their license. Once formed PLLCs and Professional Corporations act exactly the same as normal LLCs and Corporations in their day-to-day operations. For more specific requirements of a PLLC, please contact our office to speak to one of our attorneys.
Am I allowed to practice under a normal Corporation or LLC?Zachary Hanby2021-05-07T17:09:21-04:00
If you are a licensed professional, you may need a Professional Company instead. We have a running list of professions that need a Professional Company you can check. To be completely certain if you are required to start a PLLC or PC, you should speak to a lawyer. Operating under a normal LLC or PC may put your license in danger of revocation and put you in danger of legal repercussions.
Are there any naming restrictions for PCs and PLLCs?Zachary Hanby2021-05-07T17:11:18-04:00
The process usually takes between 5-8 weeks, but that number can vary depending on the Department of Education. Regular LLCs and Corporations can be formed in a single day, while PLLCs and PCs have a much longer process or review.