How are professional corporations (PCs) and professional limited liability companies (PLLCs) formed?
A. The formation documents, the articles of incorporation for a PC and articles of organization for a PLLC, are similar to those of standard corporations and limited liability companies (LLCs). However, with professional entities, the proper state licensing body must often approve the formation documents before these documents can be filed with the Secretary of State. Further, the formation documents typically must contain the signature of a licensed professional as the incorporator, and that person’s license number typically is required. Therefore, the filing time for professional entities is longer than the filing time for standard business entities.
