Why Professional Limited Liability Company (PLLC) form?

Category : Professional LLC
Posted On : 2nd Feb 2010

A professional Limited Liability Company (PLLC) formed with the intention of engages in one of the learned professions, as the law, as medicine, or as the architecture. Traditionally, the Professional Limited Liability Company (PLLC) were forbidden of engages in such professions because they lacked the human, the necessary personal qualifications to follow them. In the recent years nevertheless most of the states promulgated a (PLLC) or an association act that allows the professional persons to practice in the form of business provided that all shareholders are members of the profession.

 

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