This state-specific form must be filed with the appropriate state agency in compliance with state law in order to create a new professional corporation. The form contains basic information concerning the professional corporation, normally including the professional corporation's name, purpose and duration of the professional corporation, the registered address, registered agent, and related information.
Michigan Articles of Incorporation for Domestic Professional Service Corporation
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Professional LLCs PLLCs offer the same benefits as LLCs. The main difference between a LLC and a PLLC is that only professionals recognized in a state through licensing, such as architects, medical practitioners and lawyers, can form PLLCs.
Contact the Michigan Department of Licensing and Regulatory Affairs for copies, certificates, or general information. Lansing, Michigan 48909-7554.
Regarding the management flexibility and taxation, a PLLC has the same advantages of an LLC. The difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business.
The articles must include the: corporate name; purpose; the number of shares the corporation is authorized to issue (if there is more than one class or series of shares, state the relative rights, preferences, and limitations of the shares of each class); the name and address of agent for service of process; the number
Members of a PLLC aren't personally liable for the malpractice of any other member. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent. The PLLC can choose to be taxed as a pass-through entity or as a corporation.
Domestic profit corporations are formed for the purpose of generating profit for shareholders. A corporation is generally composed of three classes of persons: shareholders, directors, and officers. The shareholders own the corporation, elect the directors, and have the right to vote on major events of the corporation.
A professional limited liability company (PLLC) is a business entity designed for licensed professionals, such as lawyers, doctors, architects, engineers, accountants, and chiropractors.In these states, licensed professionals who want the benefits of an LLC must form a PLLC instead.
A professional limited liability company (PLLC) is a business entity that offers tax benefits and limited liability for professionals, such as lawyers, accountants, and doctors.
Definition of Domestic Profit Corporations A domestic profit corporation operates in the country in which it began, whereas a foreign corporation operates in a country outside of its home country.An additional definition of a domestic profit corporation takes into consideration the state in which a company is based.