Florida Pllc Requirements With Llc
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FAQ
The extent of liability protection is the main difference between a PLLC and an LLC in Florida. In most cases, you'll also need to provide your licensing credentials to the state before you can form a PLLC.
Naming Restrictions: Florida has no restrictions on naming professional entities, unlike most states. However, the state laws specify that the name should include a designator at the end. The options are PLLC, P.L.L.C., Chartered, or Professional Limited Liability Company.
In Florida, you can convert your business entity from one structure into another through a fairly straightforward and simple process. You must submit the proper conversion document, along with a new formation filing and pay the allotted fees to the Division of Corporations.
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.
One of the main benefits of forming a PLLC is the separation it offers between the members and the entity. The PLLC structure offers several personal liability protections, such as: Protection from creditors seeking debts owed by the PLLC. Protection from malpractice involving other members of the PLLC.