Texas Professional Limited Liability Company - PLLC - Formation Questionnaire

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This form addresses important considerations that may effect the legal rights and obligations of the parties with the formation of a professional limited liability company. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney's case evaluation and can significantly reduce costs associated with case preparation.

This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client's needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.

A Texas Professional Limited Liability Company (LLC) Formation Questionnaire is a comprehensive document designed to gather and provide essential information during the process of forming an LLC in Texas. It serves as a standardized form that potential LLC owners complete and submit to the appropriate authorities. The LLC Formation Questionnaire includes various sections and fields relevant to the formation of a professional limited liability company. It typically covers essential aspects such as company identification, ownership details, business purpose, professional services offered, address information, and other legal requirements. The following is a breakdown of key sections commonly found in a Texas LLC Formation Questionnaire: 1. Company Information: This section collects details about the proposed LLC, such as its intended name, business address, county of formation, and information of the organizer(s). 2. Type of LLC: Here, the questionnaire differentiates between the various types of professional limited liability companies. In Texas, some common LLC types include legal PLL Cs, medical PLL Cs, engineering PLL Cs, architectural PLL Cs, and many others. The questionnaire provides options to select the appropriate type based on the nature of the professional services being rendered. 3. Ownership and Management: This section requires the disclosure of members' information, including their names, addresses, contact information, and ownership percentages. Additionally, it may ask for information regarding the management structure, such as whether the LLC will be managed by members or designated managers. 4. Business Purpose: This part highlights the specific professional services that the LLC intends to offer within Texas. It may include options for the selection of one or multiple services, ensuring accurate categorization of the company's activities. 5. Professional Licensing: This section scrutinizes individual member licensing information, requiring disclosure of applicable professional licenses, certifications, or other qualifications possessed by each member. This ensures that the LLC's members possess the necessary credentials to legally provide the professional services offered. 6. Affiliations and Disclosures: This section inquires about any affiliations or associations the LLC may have with other professional organizations, as well as any previous disciplinary actions or legal proceedings involving the members. It's important to note that specific LLC Formation Questionnaires may vary depending on the requirements of the filing agency or Secretary of State office. However, the above-mentioned sections are typically present in most Texas LLC Formation Questionnaires, providing a comprehensive overview of the company's structure, ownership, and professional services. Different types of Texas LLC Formation Questionnaires correspond to the various professional service sectors present in the state. For instance, there might be separate formation questionnaires for legal PLL Cs, medical PLL Cs, engineering PLL Cs, and so on. Each questionnaire is tailored to gather specific information relevant to the particular type of LLC in consideration.

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  • Preview Professional Limited Liability Company - PLLC - Formation Questionnaire
  • Preview Professional Limited Liability Company - PLLC - Formation Questionnaire
  • Preview Professional Limited Liability Company - PLLC - Formation Questionnaire
  • Preview Professional Limited Liability Company - PLLC - Formation Questionnaire
  • Preview Professional Limited Liability Company - PLLC - Formation Questionnaire

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FAQ

Differences Between PC and PLLC A PC is usually considered to be a C-Corp [1] by the IRS and its profits are taxed at the corporate tax rate. A PC is also subjected to ?double taxation.? The difference for a PLLC is that though a PLLC may choose to be taxed like a C-Corp or an S-Corp, the business doesn't pay taxes.

Changing the business from an LLC to a PLLC is, for all intents and purposes with the Secretary of State, merely a change in the name of the business. To register a change of name with the Secretary of State, you must file Form 424- Certificate of Amendment, stating the change in name of the LLC to a PLLC.

Yes. The secretary of state has adopted a number of forms that meet the minimum statutory filing requirements for certain specific types of mergers and conversions under the Texas Business Organizations Code (BOC). (Forms 621-647) Use of these forms is optional.

While an LLC and PLLC both provide personal limited liability protection, a PLLC will not protect you from claims of malpractice or wrongdoing. However, a benefit of a PLLC is that the wrongdoing of one individual member does not create liability for other members.

If you provide a professional service, you may be required to form a PLLC in Texas. But it depends on your industry. The Texas Secretary of State provides a chart that shows a list of professional services and which business type(s) they can lawfully form.

A Texas PLLC is a limited liability company (LLC) formed specifically by people who will provide Texas licensed professional services.

Advantages. Members of a PLLC aren't personally liable for the malpractice of any other member. This is a big advantage over a general partnership or sole proprietorship. PLLC members are not personally liable for business debts and lawsuits, such as unpaid office rent.

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.

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If you have specific legal questions, consult your attorney. Before Formation; Name Issues; After Formation; "Nonprofit" LLCs; Series LLCs; Limited liability ... Texas Professional Limited Liability Companies can offer benefits for licensed professionals not available in other entities. But forming ...- Professional Limited Liability Company, defined 0:48 - How to know if you should form a PLLC 1:10 - How to form a PLLC 1:39 - PLLC naming ... The Secretary of State provides a form for a certificate of formation, which form meets minimum state law requirements [Form 206]. Online filing of a ... 14 Dec 2021 — PLLC stands for professional limited liability company. Like a traditional LLC, a PLLC combines the tax benefits of a sole proprietorship ... Forming a Texas Limited Liability Company (LLC) can be an empowering step for entrepreneurs and small business owners, providing a blend of liability ... Professional LLC: Texas also has a Professional Limited Liability Company (PLLC) as an option. This is an LLC formed by professionals such as attorneys, ... Covered in these checklists. Limited Liability Company formation. Section A lets you set up a new Texas LLC or PLLC. Lawyer's Aid will check the name. 17 Feb 2022 — But unfortunately, that doesn't mean forming an LLC in Texas is exactly simple. Therefore, I created this 5-step process to walk a new business ... 27 Mar 2023 — Step 7: Complete the Franchise Tax Accountability Questionnaire. The State of Texas requires all LLCs to pay a state franchise tax each year.

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Texas Professional Limited Liability Company - PLLC - Formation Questionnaire