Pllc Vs Llc In Arizona
Description
How to fill out Texas Sample Operating Agreement For Professional Limited Liability Company PLLC?
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FAQ
A PLLC is an LLC organized under Chapter 7 of Title 29 of the Arizona Revised Statutes for the purpose of providing one or more categories of service that may be lawfully rendered only by a person licensed, or otherwise authorized by a licensing authority in Arizona to render the service.
Arizona does not require an LLC or PLLC to file one with the state, but having one can make running your business a whole lot easier.
There is only one profession in Arizona that requires it's licensed professionals to form a professional limited liability company and that is real estate sales agents. Realtors do not have to form a PLLC unless they want their broker to pay them as an entity rather than as an individual.
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.
A PLLC is formed using forms available from the Arizona Corporation Commission (ACC) at .azcc.gov.