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The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized ing to the laws of the state where the professional is licensed to practice.
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.
Colorado allows anyone whose profession requires a state license to form a professional limited liability company (PLLC). You can also form a limited liability partnership (LLP) or professional corporation (PC).
No, you cannot use a P.O. box for your business address on your formation documents in Colorado.
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.
Filing Articles of Organization is how you form your LLC in the State of Colorado. Per 7-90-314(1) C.R.S. you must have written consent to list the name of any person in your document, or to use their address. This is for your own records; you do not need to include it with this filing.
Colorado allows professionals, such as accountants, attorneys and physicians, to form a professional limited liability company (PLLC) . After forming a limited liability company (LLC) , you must undertake certain steps on an ongoing basis to keep your business in compliance.
Articles of Incorporation were filed through the Secretary of State's Office and through the Territorial Legislature. Records can thus be found in the Secretary of State's Incorporation Books and in the Legislative Session Laws.