Alabama Professional Limited Liability Company PLLC Formation Package
Understanding this form
The Alabama Professional Limited Liability Company (PLLC) Formation Package is a collection of legal documents required to establish a professional LLC in the state of Alabama. This package includes essential forms and instructions that comply with state law, allowing licensed professionalsâsuch as doctors, lawyers, and accountantsâto form an LLC for their services. Unlike standard LLCs, a PLLC is specifically designed for professionals who require a license to practice within their respective fields.
Key parts of this document
- Domestic Name Reservation Request Form: To reserve a unique name for your PLLC.
- Certificate of Formation: This document establishes the existence of your PLLC and must include specific details such as the LLC's name and registered agent.
- Filing Instructions: Clearly outlines the process for submitting forms, including the required fees.
When this form is needed
This form is needed when you want to start a professional service business in Alabama and wish to limit your personal liability. Use this formation package when you have a professional license and are ready to officially register your new PLLC with the state.
Who can use this document
- Licensed professionals such as physicians, lawyers, and accountants.
- Individuals seeking to protect their personal assets while operating a professional business.
- Anyone intending to comply with Alabama's regulatory requirements for professional businesses.
How to prepare this document
- Reserve your desired PLLC name using the Domestic Name Reservation Request Form.
- Fill out the Certificate of Formation with details such as the LLC's name and registered agent information.
- Include the requisite fee payment (check, money order, or credit card details) with your application.
- Submit two copies of the completed forms, along with a self-addressed, stamped envelope to the Secretary of State.
- Consider utilizing online registration for expedited processing, if available.
Is notarization required?
This form does not typically require notarization unless specified by local law. However, it is essential to ensure that all information is correct to avoid complications during the filing process.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Not reserving the PLLC name before filing the Certificate of Formation.
- Providing incomplete information on the forms.
- Submitting checks that may bounce, causing delays in processing.
Benefits of using this form online
- Immediate processing of name reservations reduces wait times.
- Editability allows for corrections before submission, minimizing errors.
- Reliability through secure online transactions reduces the risk of lost filings.
Legal use & context
- The PLLC is recognized as a separate legal entity, which protects personal assets from business liabilities.
- Complying with state regulations when submitting your formation documents is crucial for legal recognition.
- Professional licensing must be maintained to operate legally under a PLLC status.
Key takeaways
- The Alabama PLLC Formation Package is essential for licensed professionals starting a business.
- Properly reserving your business name and filing the Certificate of Formation is critical to legitimacy.
- Utilizing online resources can streamline the registration process and avoid common pitfalls.
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FAQ
The Alabama Secretary of State charges a $100 fee to file the Certificate of Formation. You must also pay a separate Probate Court filing fee, which is at least $50. You must reserve your business name by filing an LLC name reservation. It costs $28 to file online and $10 if filed by mail.
The least expensive way to form your LLC is filing the forms yourself, although it will depend on the filing fees in your state. Incorporation statements for LLCs are typically the Articles of Organization.
A PLLC, or professional limited liability company, is a special type of LLC that may only be formed by licensed professionals for the purpose of rendering professional services. While this is not required, doing so can be beneficial for tax, liability, financing, and other reasons.
A certified public accountant (CPA) cannot provide legal advice, but can guide you through the paperwork and decision-making process of setting up an LLC for an average cost of $400-$900 or more, depending on location and complexity. That's in addition to state fees and expenses.
The usual processing time for business forms and documents is between three to five business days after receipt of filing request. However, when taking into consideration the filing requirements with the judge of probate, turnaround times for LLC forms may take up to two weeks or 14 business days.
Regarding the management flexibility and taxation, a PLLC has the same advantages of an LLC. The difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business.
STEP 1: Name Your Alabama LLC. STEP 2: Choose a Registered Agent in Alabama. STEP 3: File the Alabama LLC Certificate of Formation. STEP 4: Create Your Alabama LLC Operating Agreement. STEP 5: Get an Alabama LLC EIN.
Members of a PLLC aren't personally liable for the malpractice of any other member. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent. The PLLC can choose to be taxed as a pass-through entity or as a corporation.
When you form a corporation or LLC, you need to pay a one-time filing fee to the state's secretary of state office. Arkansas, Colorado, Hawaii, Iowa, Oklahoma and Mississippi all boast the lowest corporation formation fee at $50. It costs $310 to incorporate in Texas.
