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A Professional Limited Liability Company is a legal structure authorized by some states to limit personal liability for claims related to a co-partner's negligence, error, omission, incompetency, or malfeasance. Unlike a regular corporation, a Professional Limited Liability Company does not absolve a professional for personal liability for his or her own negligence or malpractice. The limit of an individual partner's liability depends on the scope of a given state's PLLC legislation. Some states do not provide for PLLC legislation at all.
Let MyCorporation save you time and hassle when you use our expert document filing services to take this next step.
Our Professional Limited Liability Company formation services start at just $69 (plus required government fees). Lawyers charge, on an average, over $200 per hour. With our document filing services, you know that your entity will be set up and filed with the state.
It is true that you can file the documents with the state yourself. However, we have provided this service to hundreds of thousands of small business owners and entrepreneurs just like you. We have the experience and know-how and we can take care of all of the details for you. We can do it for you at a price that makes sense for your business. You will save your time and resources. Once you decide to form a C-Corporation, simply fill out our online application and we take care of the rest.
Call one of our business filing experts to walk you through the Professional Limited Liability Company formation process. Or, simply answer our online questionnaire. It will take you no more than 10 minutes, or give us a call and we can take your order over the phone. We are an online service, backed by real people.
In summary, a Professional Limited Liability Company has the following benefits:
Once we complete your filing, you'll receive your Articles of Organization and Operating Agreement. These are the documents that support your organization and they arrive in your Corporate/LLC Kit — or Elite Corporate/LLC Kit if you choose to upgrade.
Articles of Organization: The Articles of Organization are the main filing documents that begin your existence under state law. Once filed, you have a legitimate business!
Your Articles of Organization spell out the name, basic purpose, incorporators, amount and types of stock which may be issued and any special characteristics of the business entity. They are included in your LLC kit when we form your business.
The Articles of Organization are approved by the Secretary of State and should be kept in your kit as a record of filing with the Secretary of State.
Operating Agreement: The Operating Agreement of your LLC contains the written rules for conduct of the LLC. They are distinct from the Articles of Organization, which only state the basic outline of the company.
Operating Agreements generally contain information on meetings, elections of a board of directors and officers, notices, types and duties of officers, and other routine conduct. They are, in effect, a contract among members and must be formally adopted and/or amended.
The Operating Agreement is included in your kit when we form your LLC, and should be completed and signed upon receipt.
Laws and fees governing LLCs can vary from state to state.
Most of our customers choose to form an LLC in the state in which they are conducting business. This is typically the most simple and cost effective way to operate.
Some customers form their LLC in other states for tax reasons. Any state that you do business in will require you to file a "Foreign Qualification" if you are not forming an LLC in that state. This regulation is state-specific.
The purpose of a Registered Agent is to provide a physical address for your business so that it can accept official documents on behalf of your corporation (tax notices, annual reports, legal-process documents such as a summons, etc.).
The primary benefit of this service is that it provides a layer of privacy between you and the public. As the Registered Agent's name and address is one of public record, generally the Registered Agent's legal address will be the one listed in all official public documents.
Penalties for not maintaining a Registered Agent generally may cause a jurisdiction to revoke a business's corporate or LLC legal status. Please note that post office boxes are not allowed.
To keep your business legally viable after you incorporate, there are a number of steps you may need to follow. You may need to file an Article of Amendment to indicate changes in your company. You also may need to file an Initial or Annual Report, which is a requirement in most states. Our business filing experts can help you process necessary changes to your business.
"This is my first experience with setting up an LLC (or any type of company), so I did not know what to expect. Your website walked me through the process and it was very easy"
"The experience was wonderful and extremely simple using MyCorporation. We really appreciate the fast and easy service they provided for us!"