Arizona Professional Limited Liability Partnership Agreement to Practice Medicine
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How to fill out Professional Limited Liability Partnership Agreement To Practice Medicine?
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FAQ
The primary advantages of forming an LLC in Arizona are: Easy to Form ? With less paperwork and less expenses, formation of an LLC is easier than other business structures. Once the initial paperwork is filed, additional requirements are minimal.
Differences Between PC and PLLC A PC is usually considered to be a C-Corp [1] by the IRS and its profits are taxed at the corporate tax rate. A PC is also subjected to ?double taxation.? The difference for a PLLC is that though a PLLC may choose to be taxed like a C-Corp or an S-Corp, the business doesn't pay taxes.
As per Section 29-3105 of the Arizona LLC Act, an Operating Agreement isn't required for an LLC in Arizona.
A PLLC is an LLC organized under Chapter 4 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.
A professional limited liability company (PLLC) is a business structure that offers personal asset protection for business owners in licensed occupations, such as medicine and law. Only recognized in some states, PLLCs are subject to the same laws as ordinary LLCs.
At this moment in time, a PLLC is not an option in California. The good news is that you have other options. In states that don't have PLLCs, sometimes licensed professionals can form standard LLCs instead. This guide will give you a better look at some PLLC alternatives in the state of California.
Typically, persons in licensed professions, such as doctors, accountants, or lawyers, form professional LLCs. You should check with the agency or board that licenses your profession to see if it requires you to form a professional LLC or if it prohibits you from forming a professional LLC.
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.
