Identification
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
Sub Class Of
- • Entity
Is Defined By
N/A
See Also
Parent Class Of 0
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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
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
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Description
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Notes
- • None
Editorial Information
History Note
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Editorial Note
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Deprecated
No
Source and Origin
No source or origin information available