Florida Pllc Requirements Fort Myers
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How to fill out Florida Sample Operating Agreement For Professional Limited Liability Company PLLC?
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FAQ
PLLCs are composed of a member or members who own the business. However, only people providing Florida licensed (or otherwise legally authorized) professional services can form PLLCs. These licensed professions include certified public accountants, doctors, dentists, attorneys at law, and many others.
A professional limited liability company, or PLLC, is a specialized type of LLC used by certain licensed professionals in many states. A limited liability company, or LLC, is a particular way of organizing the structure of a business.
A professional association is Corporation formed with the single purpose of providing a specific professional service. These professional services are commonly medicine, law, accounting, etc.
One key difference between a PLLC and a Florida professional association is that a PLLC is comprised of members whereas a professional association, or PAPA, is comprised of shareholders. Ownership of a PA is based on shares of stock, whereas PLLC member ownership is based on membership interest in the business.
While an LLC and PLLC both provide personal limited liability protection, a PLLC will not protect you from claims of malpractice or wrongdoing. However, a benefit of a PLLC is that the wrongdoing of one individual member does not create liability for other members.