Professional Corporation Package for Alabama

A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.

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.

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.

Professional corporations or professional service corporation (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and physicians

1Choose a Corporate Name.2Prepare a Certificate of Formation.3Appoint a Registered Agent.4Set Up a Corporate Records Book.5Prepare Corporate Bylaws.6Initial Corporate Directors.7Hold Your First Board of Directors Meeting.8Issue Stock.How to Form a Corporation in Alabama Nolo\nwww.nolo.com > legal-encyclopedia > how-form-corporation-alabama

An Alabama PLLC is an LLC formed specifically by people who will provide Alabama licensed professional services.Like other LLCs, PLLCs protect their individual members from people with claims for many (but not all) types of financial debts or personal injuries.

A series LLC is a unique form of limited liability company ("LLC") in which the articles of formation specifically allow for unlimited segregation of membership interests, assets, and operations into independent series.A series LLC may have different members and managers in each series.

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.

To incorporate in Alabama, you must file the articles of incorporation, also known in Alabama as the Domestic Business Corporation Certificate of Formation, and a Certificate of Name Reservation in the office of the probate judge in the county where your corporation's business offices are located.