Starting a PLLC: Everything You Need to Know

You can have a lot of inquiries about the procedure if you’re thinking about forming a professional limited liability company (PLLC). A limited liability corporation (LLC) called a professional limited liability company (PLLC) is made for licensed professionals including doctors, lawyers, and accountants. PLLCs come with additional state-specific criteria that must be satisfied, but they give the same liability protection as an LLC.

You must take a few crucial actions in order to establish a PLLC. Make sure the name you desire for your business is available in your state before deciding on it. The next step is to submit your articles of organization to the secretary of state’s office in your state. This agreement describes the structure and goals of your PLLC and creates it as a legal entity.

After forming your PLLC, you’ll need to apply for any licenses or permits required to do business in your state. Additionally, you might need to register your PLLC with the IRS and secure any necessary insurance.

There are several options available when it comes to selecting a service to aid in the formation of your PLLC. Two well-liked options that provide a variety of services to aid new business owners in getting started are ZenBusiness and LegalZoom. You can get assistance from both services with chores including checking the availability of a name, submitting your articles of incorporation, and getting business permits.

Despite being a more recent player on the market, ZenBusiness is gradually becoming well-liked because of its reasonable pricing and user-friendly platform. Users may manage their enterprises while on the go thanks to the company’s mobile app. On the other hand, LegalZoom has been operational for more than 20 years and has a reputation for offering top-notch legal services. In terms of ownership, a group of investors owns ZenBusiness, which is a privately held business. Although LegalZoom is privately held as well, private equity firms own it.

You must understand the idea of conducting business in interstate commerce if you intend to operate your PLLC between states. This phrase describes any commercial venture involving interstate commerce, such as offering goods or services to clients in different states. It’s crucial to familiarize yourself with the legal framework in each state where you intend to conduct business because each one has its own definition of what constitutes conducting business.

To sum up, establishing a PLLC is a crucial step for qualified professionals who want to safeguard their personal assets while running a business. You may start your PLLC with confidence and launch your company swiftly by following the above-mentioned steps and selecting a reliable service provider.