If you are a licensed professional in Illinois, you may be wondering whether you should form a Professional Limited Liability Company (PLLC) rather than a standard Limited Liability Company (LLC). Illinois has specific rules for certain regulated professions, and choosing the wrong entity type can cause costly delays or even prevent you from registering your business properly.
Understanding the right business structure of your practice is an important part of protecting yourself and helping your professional practice thrive. Call our Kendall County business law attorney today to learn more about PLLCs and whether you could benefit from one.
What Is a Professional LLC (PLLC)?
A PLLC is a type of LLC designed for professionals who provide services that require a state license. In Illinois, if you hold a professional license, such as in medicine, law, or accounting, you may be required to form a PLLC instead of a traditional LLC.