Pllc Vs Llc In Virginia
Description
How to fill out Texas Sample Operating Agreement For Professional Limited Liability Company PLLC?
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FAQ
A PLLC is only for professionals recognized in Virginia through applicable licensing or certification. ingly, for most Virginia PLLCs, all members must be professionally licensed.
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.
Complete and file Virginia Articles of Organization The business name. Its specific and sole purpose. Information about the registered agent. Number of members with contact details. Registered office and principal office. Signature.
Professional Limited Liability Companies (PLLC) provide specific services outlined in the Code of Virginia. Typically, these services require a license, certification, or other legal authorization. Only businesses who provide these types of professional service can set up an PLLC.
The main difference between a PLLC and an LLC is that the PLLC Act imposes restrictions on who may be an owner of a PLLC. A PLLC is only for professionals recognized in Virginia through applicable licensing or certification. ingly, for most Virginia PLLCs, all members must be professionally licensed.