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With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals. A PLLC cannot be used to shield the members from claims for malpractice.
Professional Limited Liability Company Name.
Montana allows professionals, such as accountants, attorneys and physicians, to form a professional limited liability companies (PLLCs)..
A Montana LLC is created by filing by Articles of Organization with the Montana Secretary of State. The articles must include: the type of LLC--regular LLC, professional LLC, Series LLC, or Professional Series LLC.
A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by mail, in person, or online, but we recommend online. Normal and online processing takes up to 5 days, plus additional time for mailing, and costs $10.
Businesses that are incorporated in another state will typically apply for a Montana certificate of authority. Doing so registers the business as a foreign entity and eliminates the need to incorporate a new entity. Operating without a certificate of authority may result in penalties or fines.
Advantages. Members of a PLLC aren't personally liable for the malpractice of any other member. This is a big advantage over a general partnership or sole proprietorship. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent.
The document required to form an LLC in Montana is called the Articles of Organization. The information required in the formation document varies by state. Montana's requirements include: Registered agent.