You might be asking if you can change your limited liability company (LLC) to a professional LLC (PLLC) in order to benefit from the increased liability protection if you are a professional operating an LLC in New York. The good news is that, assuming certain conditions are met, New York State permits LLCs to convert to PLLCs.
You must submit an amendment to your articles of organization to the New York Department of State in order to change an LLC in New York into a PLLC. Your intent to change the LLC to a PLLC must be stated in the modification, along with the new name of the company, which must contain the letters “Professional Limited Liability Company” or “PLLC.”
Depending on your occupation, you must additionally present a certificate of good standing from the New York State Education Department or the relevant licensing body. This certificate must attest to the fact that the PLLC is qualified to engage in the practice of law and that each member of the PLLC is duly licensed to do so.
The New York Department of State will examine your application after you have submitted the update and the certificate of good standing and, if approved, will issue a new certificate of incorporation. You must pay a $250 filing fee, and the procedure often takes several weeks.
How do I submit a PLLC’s Articles of Organization in New York?
You must adhere to the same procedure as applying for an LLC in order to submit a PLLC’s articles of organization in New York, with a few extra criteria. To start, the name of the organization needs to include “Professional Limited Liability Company” or “PLLC.” Second, you must present a certificate of good standing from the relevant licensing body proving that the PLLC is permitted to practice the profession and that each member of the PLLC is licensed to do so. Do you require a PLLC in New Jersey? For several professions, such as accountants, architects, engineers, and lawyers, New Jersey recognizes PLLCs. You can think about setting up a PLLC in New Jersey if you are a licensed professional in one of these industries and want to reduce your personal liability for the company. Is PLLC required for MA?
Only a select group of professionals, including accountants, architects, engineers, and lawyers, are permitted to form PLLCs in Massachusetts. In order to establish a limited liability company (PLLC) in Massachusetts, you must submit a certificate of organization to the Secretary of the Commonwealth and a certificate of good standing from the relevant licensing body. Is a PLLC required in Utah? One of the few states that does not accept PLLCs is Utah. Instead, to reduce their personal liability for the company, professionals in Utah can set up a professional corporation (PC). You must submit articles of incorporation to the Utah Division of Corporations and a certificate of good standing from the relevant licensing body in order to establish a PC in Utah.
In conclusion, it is possible to convert an LLC to a PLLC in New York, but you must adhere to certain guidelines and present a certificate of good standing from the relevant licensing office. Research the policies and processes before making any judgments because other states may have different laws governing PLLCs.