LLC vs PLLC
The main difference between a LLC and a PLLC is that only professionals recognized in a state through licensing, such as architects, medical practitioners and lawyers, can form PLLCs.
To form a PLLC, a licensed professional must sign all filing documents and include their license number and a certified copy of their license.
Articles of Organization for LLC
What are the Articles of organization for a LLC? To file articles of organization for your LLC, contact your Secretary of State or Business Filing Agency, file your articles of organization forms, pay the LLC formation filing fee, receive a Certificate of Formation, and publish notice of formation if required.
The information required to file articles of organization includes information about your incorporators and board of directors, business contact information, the purpose of your LLC, and signatures.
Articles of Organization and PLLC
What is the difference between articles of organization and articles of organization Professional LLC? The articles of organization are similar to those for a standard LLC, but extra steps are necessary to file for a PLLC. Articles of organization are required legal documents that establish an LLC, while articles of incorporation establish a corporation.
The information included in the articles of organization includes the company name, registered agent, business purpose, names and addresses of the members or managers, and duration of the LLC. The articles of organization are public records that can be accessed by anyone.
Benefit of a PLLC
One advantage of a PLLC over an LLC is that with an LLC, anyone can be an owner. But with a PLLC, all owners must be licensed professionals.
The PLLC protects members from each other’s malpractice suits, but does not protect individual members from their own malpractice suits.
PLLC Benefit in Michigan
A Michigan PLLC offers protection from multiple types of liability and may allow tax advantages. To form a Michigan PLLC, a licensed professional must include their license number and a certified copy of their license when signing and filing documents.
Series LLC
A series LLC is similar to the more traditional LLC but has its differences as well. A series LLC has a “parent” LLC with one or more “child” LLCs filed beneath it.
PLLC Requirement
To form a PLLC, a licensed professional must sign all filing documents and include their license number and a certified copy of their license.
PLLC vs LLC Benefit
A key benefit of a PLLC over an LLC is that with an LLC, anyone can be an owner. But with a PLLC, all owners must be licensed professionals.