This Professional Limited Liability Company - PLLC Formation Package state-specific form must be filed with the appropriate state agency in compliance with state law in order to create a new Professional Limited Liability Company. The form contains basic information concerning the PLLC, normally including the PLLC's name, purpose and duration of the PLLC, the registered address, registered agent, and related information.
Texas Professional Limited Liability Company PLLC Formation Package
State:
Texas
Control #:
TX-00PLLC
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FAQ
Have the state license for each professional who will be a member of the company. check with the state licensing board for your profession to see if its prior approval is required, (and, if so, obtain the necessary documentation showing that approval), and.
To form a PLLC, a licensed professional must sign all filing documents as well as include their professional license number and a certified copy of their license. Importantly, they must submit these documents for approval with their state licensing board before filing them with their state's secretary of state.
Have the state license for each professional who will be a member of the company. check with the state licensing board for your profession to see if its prior approval is required, (and, if so, obtain the necessary documentation showing that approval), and.
A professional limited liability company (PLLC) is a type of business entity that can be formed by individuals or business partners who perform a professional service. Texas PLLCs differ from Texas LLCs in that PLLCs are formed specifically for individuals providing professional licensed services.
How much does it cost to form an LLC in Texas? The Texas Secretary of State charges a $300 filing fee, plus an additional state-mandated 2.7% convenience fee to file an LLC Certificate of Formation.
To form a PLLC, at least one of the owners (owners are known as members) must be a licensed professional. In some states, all members must have a license in the same profession. In these states, an owner can hire an employee to help run the business, but only professionals can legally own the business.
A PLLC, or professional limited liability company, is a special type of LLC that may only be formed by licensed professionals for the purpose of rendering professional services. While this is not required, doing so can be beneficial for tax, liability, financing, and other reasons.
Regarding the management flexibility and taxation, a PLLC has the same advantages of an LLC. The difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business.
How much does it cost to form an LLC in Texas? The Texas Secretary of State charges a $300 filing fee, plus an additional state-mandated 2.7% convenience fee to file an LLC Certificate of Formation.