Illinois Sample Operating Agreement for Professional Limited Liability Company PLLC
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FAQ
Prepare an Operating Agreement An LLC operating agreement is not required in Illinois, but is highly advisable. This is an internal document that establishes how your LLC will be run.
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.
Step One) Choose a PLLC Name. Step Two) Designate a Registered Agent. Step Three) File Formation Documents with the State. Step Four) Create an Operating Agreement. Step Five) Handle Taxation Requirements. Step Six) Obtain Business Licenses and Permits.
A PLLC, or professional limited liability company, is a special type of LLC that may only be formed by licensed professionals for the purpose of rendering professional services. While this is not required, doing so can be beneficial for tax, liability, financing, and other reasons.
A professional limited liability company, or PLLC, is a specialized type of LLC used by certain licensed professionals in many states. A limited liability company, or LLC, is a particular way of organizing the structure of a business.