- While the company cannot protect a professional against their own negligence, it protects them against the negligence of an associate.
- Professional Limited Liability Company is a useful securing of data to occupation wrongdoing insurance.
- More expensive to create than a partnership or only proprietary right.
- Paper work can become costly to owners.
- All incorporators must belong to the same occupation.
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Professional Limited Liability Company (PLLC) - Point to Consider
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Posted On : 2nd Feb 2010
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