Abbreviation for a Professional Limited Liability Company.
How a PLLC Works. An LLC is a hybrid business that combines the liability shield of a corporation with the tax benefits of a partnership. Some states, however, do not let people with professional licenses, such as doctors, lawyers, or engineers, form an LLC. Instead, these people must form PLLCs. Forming a professional entity (PC or PLLC). A professional corporation (PC) or professional limited liability company (PLLC) is a C corporation, S corporation or limited liability company (LLC) organized to provide professional services in industries that require a state license in order to practice. PLLC Law & Legal Definition. PLLC is the abbreviation for a Professional Limited Liability Company. A PLLC is a limited liability company organized to provide professional services. Generally, state laws mandate professions such as doctors, accountants, lawyers, engineers, and architects to hold a license to provide services. Such professions require the formation of a PLLC. A professional limited liability company (“PLLC”) is a business entity designed for licensed professionals, such as lawyers, doctors, architects, engineers, accountants, and chiropractors. A Professional Limited Liability Company (PLLC) is similar to a professional corporation. Both are organized to provide professional services. Professionals — such as accountants, architects, lawyers, engineers, chiropractors, dentists, and doctors — are permitted in many states to form a standard LLC.
http://smallbusiness.chron.com/pllc-mean-lawyer-terms-63934.html http://www.bizfilings.com/professional-corporation.aspx http://definitions.uslegal.com/p/pllc/ http://www.nolo.com/legal-encyclopedia/what-professional-limited-liability-company.html http://the-llc-company.com/business-ideas/professional-limited-liability-company-pllc/
what is a pllc?