Should Entrepreneurs Incorporate as an LLC or a PLLC?
Michele Jacques administrator Posts: 89 Silver Level Member
Do you know the difference between an LLC and a PLLC and what it could mean for your small business? https://bit.ly/3JJjjbO
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There are several different types of business entities that a person can form to run their business. Two of the most common types are LLCs and PLLCs. But what’s the difference between them?
An LLC, or limited liability company, is a type of business entity that provides limited liability protection to its owners. This means that the owners of an LLC are not personally liable for the debts and obligations of the company. An LLC can be formed in most states by filing articles of organization with the state secretary or other designated agency.
A PLLC, or professional limited liability company, is a type of LLC specifically designed for professionals such as lawyers, doctors, and accountants. PLLCs provide limited liability protection to their members in the same way that regular LLCs do, but they also have additional rules and regulations regarding how they operate.