Overview of Virginia PLLCs
Virginia does not require PLLCs to file Annual Reports. However, your PLLC will need to pay a $50 annual registration fee. The filing fee to form an LLC in Virginia is $100.
Formation of Virginia PLLC
To form a Virginia PLLC, register with the State Corporation Commission by filing Articles of Organization and paying fees. As per Virginia Code ยง 13. 1-1012, there should be one or more licensed members.
Differences Between PLLC and LLC
The main difference between a PLLC and an LLC is that the PLLC Act imposes restrictions on who may be an owner. A PLLC is only for recognized professionals.
Benefits of Forming an LLC in Virginia
There are many benefits of forming an LLC in Virginia, including personal asset protection, flexibility in management and taxation, and the ability to raise capital through investment. LLCs are also relatively simple and inexpensive to set up and maintain.
Virginia PLLC Formation Details
A Virginia PLLC is a limited liability company (LLC) formed specifically by people who will provide Virginia licensed professional services. State licensing boards may require prior approval to form a PLLC.
Additional Information
Virginia permits a medical services business to organize as either a PC or PLLC. In Maryland, medical services businesses must be organized as PCs.
Please visit https://cis.scc.virginia.gov for real-time filing of Articles of Organization.