Real estate exception: If you’re purchasing real estate outside of Texas, you should form your LLC in the state where the property is located. For more information, please see Best State to Form an LLC. What is the difference between a Domestic LLC, a Foreign LLC, and a PLLC? The ma...
Whileforming an LLCas entreprenuer, you are stuck between S Corporation vs. LLC, do not worry. In this article, we have tried to make you familiar with both business structures, their difference, similarities, advantages, and disadvantages over each other. Hence, before you choose any of them...
PLLC members also enjoy flexibility in allocating profits and losses as they wish rather than on financial investment in the company alone. And, like an LLC, a PLLC can have passive members who invest financially and others who take an active role in running the business. It’s essential that...
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 the state) in order to do...
Before you finalize your name, please double-check with your industry’s regulatory board to learn if there are any rules you need to follow with your PLLC name. Reserving a Business Name Have you found the perfect name but aren’t quite ready to form your business? In Michigan, you can...
Currently, only several states support this option, including Delaware, Illinois, Iowa, Nevada, Oklahoma, Puerto Rico, Tennessee, Texas, and Utah. Other types of Limited Liability Companies There are various types of Limited Liability Companies you can choose from. Before you register an LLC, ...
Texas, No. California, Yes. Please see ourTax Planning Servicespage andMaster Service Agreementfor more information. Our Telluride Business Advisory plan includes the pro-active business tax planning plus interfacing with lenders, attorneys and financial planners....
Texas Protects members' privacy Protection and support from the Secretary of State No state income tax No recordkeeping requirements Higher limit for franchise tax liabilities How Are LLCs Taxed? LLCs enjoy the most tax flexibility because they can choose to be taxed as one of the following: So...
What is a Professional LLC (PLLC)? Aprofessional limited liability company (PLLC)is a limited liability company (LLC) organized to provide professional services in industries that require a state license in order to practice. How do I get an EIN for my LLC?
Important Note:On February 17, 2025, a Texas Federal Judge lifted the final remaining nationwide injunction on enforcement of the Corporate Transparency Act. This means the Beneficial Ownership Information Report is required again and the new deadline to file is March 21, 2025.You can learn more...