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Virginia Professional Limited Liability Company - PLLC - Formation Questionnaire

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US-Q1033
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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.

The Virginia Professional Limited Liability Company (LLC) Formation Questionnaire is a comprehensive document that encompasses all the necessary information and requirements for establishing a professional limited liability company in the state of Virginia. This questionnaire serves as a crucial tool for individuals or groups seeking to form an LLC and ensures compliance with Virginia's legal obligations and regulations. The LLC formation questionnaire includes various sections that require detailed information related to the company's structure, purpose, members, and professional services offered. It acts as a step-by-step guide, aiding business owners in providing accurate and complete information required for the formation process. Key elements covered in the Virginia LLC Formation Questionnaire may include: 1. General Information: Basic details about the LLC, such as its name, registered agent, address, and principal office. 2. Formation Information: Details regarding the initial members and their ownership percentages, management structure, and duration of the LLC. 3. Professional Services: A comprehensive description of the professional services that will be offered by the LLC, ensuring it is in compliance with Virginia's regulations for professional practice. 4. Consent to Service of Process: This section requires the consent of the registered agent to accept service of process on behalf of the LLC in legal matters. 5. Optional Provisions: These provisions may include specific terms relating to management, membership changes, voting rights, dissolution, or wind-up procedures. It is important to note that there might be variations in LLC Formation Questionnaires depending on the specific type of professional service being offered or other unique requirements. For example, there could be distinct questionnaires for legal PLL Cs, medical PLL Cs, or accounting PLL Cs, each tailored to the respective profession's regulations. Overall, the Virginia LLC Formation Questionnaire acts as a vital tool for individuals or groups seeking to establish a professional limited liability company in Virginia, ensuring compliance with state laws and regulations.

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FAQ

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.

A professional limited liability company (PLLC) ? not to be confused with a public limited company (PLC) ? is the type of LLC licensed professionals use. A PLLC has a similar Articles of Organization, but extra steps are required to form the PLLC.

Professional Limited Liability Companies (PLLC) provide specific services outlined in the Code of Virginia. Typically, these services require a license, certification, or other legal authorization. Only businesses who provide these types of professional service can set up an PLLC.

Complete and file Virginia Articles of Organization The business name. Its specific and sole purpose. Information about the registered agent. Number of members with contact details. Registered office and principal office. Signature.

Even though technically an online business doesn't live in any specific state, the best place to form an LLC will be wherever you're operating the online business from. For example, if you run your online business from your home office in Virginia, then that is the state where you should form your LLC.

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.

PLLC vs. For both a PLLC and PC, the owners must be licensed in their profession. A corporation, however, is taxed differently from an LLC. A PC is subject to the tax and compliance rules that would impact a C-corporation or S-corporation.

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A professional LLC provides qualified services. Filing Options: You may submit this form three ways: 1. File online at cis.scc.virginia.gov. Sep 29, 2023 — Here are the 6 steps to forming an LLC in Virginia: Choose an LLC Name; Select a Registered Agent; File Articles of Organization; Create an ...Business entities are creations of state law. The Virginia LLC is a business entity formed under the Virginia Limited Liability Company Act (the “LLC Act”). Include a check payable to State Corporation Commission. DO NOT SEND CASH. Specific Instructions. Article I Name. The entity must have one of these designations ... To file the Articles of Organization for your PLLC, you need to pay a fee of $100 to the Virginia State Corporation Commission. Do I need a lawyer to form a ... Oct 6, 2021 — Only qualified services are allowed to file as a professional. See “What types of services qualify as professional?”. Do I need to provide proof ... Oct 28, 2020 — You can either file your articles online for the quickest processing, or mail-in Form LLC-1011 to the Virginia SCC. The filing fee is $100. The ... To do so in Virginia, you must file a certificate of assumed or fictitious name with the clerk's office of the circuit court in the county or city where the ... This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the ... Once you decide to form a C-Corporation, simply fill out our online application and we take care of the rest. Help is a phone call away. Call one of our ...

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Virginia Professional Limited Liability Company - PLLC - Formation Questionnaire