A Professional Limited Liability Company is formed by one or more individuals or entities through a special written agreement. The agreement details the organization of the LLC including: provisions for management, assignability of interests, and distribution of profits or losses.
A company statutorily authorized in certain states that is characterized by limited liability, management by members or managers, and limitations on ownerships transfer. A Professional Limited Liability Company that provides services of a type that requires a professional license.
You are always encouraged to consult an attorney to ensure appropriate consideration of all the legal implications of your choice of entity and filing. We stress that this filing website is not intended to substitute nor replace the advice of legal counsel.
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