What is a New York PLLC? A Professional Limited Liability Company (PLLC) is a type of LLC formed for the purpose of providing “professional services”. In this case, “professional” refers to business types that require special permissions (like a license, registration, or certification from ...
Registering your LLC name in New York doesn’t grant you legal rights to the name. If another business decides to use your name, there’s not much you can do unless you register a trademark. You can trademark your name within the state of New York by filing aNY Application to Register ...
In general, PLLC members have the same legal protections as members of an LLC. While the PLLC protects members from each other’s malpractice suits, it does not protect individual members from their own malpractice suits. Each member is responsible for their own malpractice suits, so it may be...
(PLLC):Certain licensed professionals like doctors, lawyers, accountants, and architects can form a professional LLC in some states. This structure doesn’t protect a member from malpractice claims against themselves, but it can protect them from malpractice claims against another member of the PLLC...
If you create a PLLC, much of the process will look the same as a regular LLC. But there are a few extra requirements to consider, and the naming process has a couple of extra requirements beyond what we’ve mentioned above. For example, your designator will need to be “professional ...
It states “The trade name may not contain an ending such as ‘LLC’, ‘LC’, ‘PLLC’, ‘PA’, ‘Corp’, or ‘Inc’.” In the “Legal name of LLC” field, you should enter the full name of your LLC, including the ending (LLC, L.L.C., etc). The Trade name field should ...
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How does this fit intoS Corp vs LLCdiscussion? The S Corp election takes your LLC (or PLLC or C Corp or PC) and changes the way it is taxed toreduce self-employment taxes. The underlying entity remains intact. Only the way it is taxed changes. ...
They also can't combine different professions in one PLLC, only the registered profession is covered by liability protection. Series LLC Series LLCs are just several LLCs (series) operating under one primary LLC (parent/umbrella). Each series is considered a separate company from the parent LLC...
(PLLC):Certain licensed professionals like doctors, lawyers, accountants, and architects can form a professional LLC in some states. This structure doesn’t protect a member from malpractice claims against themselves, but it can protect them from malpractice claims against another member of the PLLC...