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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.
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.
Florida Out-of-State LLC Registration If you are operating a LLC that was formed in a state other than Florida, and want to expand your company into the Sunshine State, you must first register your LLC with the state before your start doing business.
Yes, the Florida Division of Corporations does allow an individual in an LLC to act as the Registered Agent for the business. But, it's an added responsibility on top of all the tasks a business owner has to carry out, so many entrepreneurs use a dedicated Registered Agent service instead.
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.