Professional Limited Liability Company Certificate Form of Organization - Massachusetts

Professional Limited Liability Company Certificate Form of Organization - Massachusetts

Professional Limited Liability Company Certificate Form of Organization is a legal document that was released by the Secretary of the Commonwealth of Massachusetts - a government authority operating within Massachusetts.

FAQ

Q: What is a Professional Limited Liability Company?
A: A Professional Limited Liability Company (PLLC) is a type of business entity that is specifically designed for licensed professionals, such as doctors, lawyers, or accountants.

Q: How is a Professional Limited Liability Company different from a regular Limited Liability Company?
A: The main difference is that a PLLC is limited to licensed professionals, while a regular LLC can be formed by anyone conducting a lawful business.

Q: What are the benefits of forming a Professional Limited Liability Company?
A: Forming a PLLC provides personal liability protection to the members, meaning their personal assets are generally protected in case the company is sued or faces financial obligations.

Q: How do I form a Professional Limited Liability Company in Massachusetts?
A: To form a PLLC in Massachusetts, you need to file a Professional Limited Liability Company Certificate form of organization with the Corporations Division of the Secretary of the Commonwealth.

Q: Do I need to have a professional license to form a PLLC?
A: Yes, in order to form a PLLC, all members must hold a valid professional license in the relevant field.

Q: Can a Professional Limited Liability Company have multiple members?
A: Yes, a PLLC can have multiple members, who are typically professionals in the same field.

Q: What are the ongoing requirements for maintaining a Professional Limited Liability Company in Massachusetts?
A: PLLCs in Massachusetts are required to file an annual report, maintain proper records, and comply with any licensing or regulatory requirements specific to their profession.

Q: Can a Professional Limited Liability Company be converted to another type of business entity?
A: Yes, it is possible to convert a PLLC to another type of business entity, such as a regular LLC or a corporation, by filing the appropriate conversion documents with the state.

Q: Are there any limitations on the types of professionals who can form a PLLC?
A: Each state has its own rules and regulations regarding which professionals can form a PLLC. In Massachusetts, licensed professionals in various fields, such as medicine, law, accounting, and engineering, among others, can form a PLLC.

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Form Details:

  • Released on October 14, 2008;
  • The latest edition currently provided by the Secretary of the Commonwealth of Massachusetts;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Secretary of the Commonwealth of Massachusetts.

Download Professional Limited Liability Company Certificate Form of Organization - Massachusetts

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