Professional Limited Liability Company

Professional Limited Liability Company - 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.

Class Information

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Identification

Label (rdfs)
Professional Limited Liability Company
Preferred Label
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Alternative Labels
PLLC, Professional Limited Liability Company, PLLC
Identifier
ENTITY-PLLC

Definition and Examples

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
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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

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Additional Information

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Deprecated
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