{"iri":"https://folio.openlegalstandard.org/RBDPzIFUWJsqqM1kkNffPeu","label":"Professional Limited Liability Company","sub_class_of":["https://folio.openlegalstandard.org/R7oBWHStfmqTLn2MypkW3Pj"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R7eNtj44HIHIEfl5hdN415d","https://folio.openlegalstandard.org/R98E2kVwPFwTnP6oxYUt9HR","https://folio.openlegalstandard.org/RDGUE77tzDuRstdi916e1Vv"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["PLLC","Professional Limited Liability Company","PLLC"],"translations":{"de-de":"Gesellschaft mit beschränkter Haftung für Freiberufler","pt-br":"Sociedade Limitada Profissional","fr-fr":"Société à responsabilité limitée professionnelle","ja-jp":"プロフェッショナル有限責任会社","zh-cn":"专业有限责任公司"},"hidden_label":"PLLC","definition":"A professional limited liability company ('PLLC') is a U.S. business entity designed for licensed professionals, such as lawyers, doctors, architects, engineers, accountants, and chiropractors. While many businesses choose to form a limited liability company ('LLC') because of the tax, limited liability, and other benefits, some states don't allow LLCs to be owned by professionals whose occupation requires a license. In these states, licensed professionals who want the benefits of an LLC must form a PLLC instead.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":"ENTITY-PLLC","description":null,"source":null,"country":null}