Liability Pllc Fort Worth
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How to fill out Florida Professional Limited Liability Company PLLC Formation Package?
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FAQ
Those benefits include legal liability protection and the option to file taxes as an S Corp. But they're only for licensed professionals in certain fields. The biggest difference is that PLLCs offer different protections in case of a malpractice claim.
The Texas Certificate of Formation will request several pieces of information about your LLC, such as: Entity type and name. Registered agent and registered office. Governing authority (stating whether the LLC is member-managed or manager-managed) Purpose of the business. Initial mailing address.
Anyone who is licensed to render a professional service can form a Texas PLLC. If you're unsure whether your Texas-licensed profession is considered a professional service for the purpose of forming a PLLC, check with a local business attorney.
The key difference between LLCs and PLLCs has to do with malpractice claims. As with a regular LLC, PLLC owners are shielded from personal liability for business debts and lawsuits, and they are not liable for malpractice committed by their business partners.
If you provide a professional service, you may be required to form a PLLC in Texas. But it depends on your industry. The Texas Secretary of State provides a chart that shows a list of professional services and which business type(s) they can lawfully form.