The PLLC: Forming A Professional Services Business In Washington

 When a group of licensed professionals (e.g., doctors, attorneys, psychologists, etc.) decide to start a business in Washington, their first thought is often to form a limited liability company (LLC). The LLC has become the most popular type of entity in recent years because it offers the liability protection of a corporation without the rigid managerial and economic structures imposed by a corporation. In short, it affords a business considerable flexibility without sacrificing security. But for licensed professionals in Washington, there is a special type of LLC—the aptly, if unimaginatively, named professional limited liability company (PLLC). Today’s post will outline some of the key features of the PLLC.Professionals Eligible To Form A PLLCPLLCs are reserved for professionals who must be licensed to render professional services within the State of Washington. This includes, but is not…

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