Form PLC Articles of Organization - Professional Limited Liability Company - Kentucky

What Is Form PLC?

This is a legal form that was released by the Kentucky Secretary of State - a government authority operating within Kentucky. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Professional Limited Liability Company?A: A Professional Limited Liability Company (PLLC) is a type of business entity that offers liability protection to its owners, who are typically professionals in fields such as law, accounting, medicine, or engineering.

Q: Why would I need to form a PLLC?A: Forming a PLLC allows professionals to protect their personal assets from the company's liabilities and debts. It also offers certain tax advantages and provides a professional image.

Q: How do I form a PLLC in Kentucky?A: To form a PLLC in Kentucky, you need to file Articles of Organization with the Kentucky Secretary of State. The articles must include information about the PLLC's name, address, registered agent, and the professional services to be provided.

Q: Can I form a PLLC as a single member?A: Yes, Kentucky allows single-member PLLCs. However, it is recommended to consult with an attorney or accountant to ensure compliance with all legal requirements.

Q: Are there any ongoing requirements for a PLLC in Kentucky?A: Yes, after forming a PLLC, you must file an annual report and pay the required fee to the Kentucky Secretary of State. Additionally, you should comply with any professional licensing and regulatory requirements applicable to your profession.

Q: Can a non-professional be a member of a PLLC?A: No, in Kentucky, all members of a PLLC must be licensed professionals in the field in which the PLLC provides services.