Professional Limited Liability Company
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.
Class Relationships
Parent(s)
- • Entity
Is Defined By
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See Also
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Translations
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Additional Information
Metadata
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Description
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Notes
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Editorial Information
History Note
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Editorial Note
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Identifier
ENTITY-PLLC
Deprecated
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Source and Origin
No source or origin information available