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Frequently Asked Questions

What is a Professional LLC and what are the requirements for its members?

A Professional Limited Liability Company (PLLC) is a specialized form of LLC designed for licensed professionals such as doctors, lawyers, architects, or accountants. The members of a PLLC are the owners of the company, and they must meet certain requirements. The primary requirement for members of a PLLC is that they must hold any necessary licenses and certificates related to the PLLC's areas of expertise. For instance, a PLLC formed with the intent of operating a dentist's office may only have members who are licensed dentists in the company's state. This requirement is in place to ensure that the PLLC operates within the bounds of professional standards and ethics. In addition to professional licensing, members of a PLLC must be at least 18 years of age. They are not required to be United States citizens, and they can be individuals or other organizations such as pension plans, trusts, another LLC, a corporation, or a holding company that owns the PLLC. However, if the PLLC is taxed as an S-corporation, each shareholder must be an individual, and the company may have no more than 100 shareholders at any given time.

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