What is the best entity if I am looking to open an office or health and wellness facility?
Businesses owned and operated by licensed professionals are usually required to form professional corporations (PCs) or professional limited liability companies (PLLCs). Each state has its own requirements for ownership of a PC or PLLC. Some states require the owners to be licensed practitioners in the field of the practiced service and other states require at least half of the shareholders and directors to be licensed professionals. The incorporator is often required to provide his/her license number as part of the articles of incorporation or organization. The Company Corporation can assist you with all of the specific requirements in your state. We have formed more than 300,000 businesses nationwide; and many of them were for professionals just like you. Return to top • Can an entity own my equipment from my hair salon? Yes, a business entity can legally own property. It has the same ownership rights as a natural person. A corporate entity is separate from its owners; therefore when
