Register free!

The Green Industry's Resource Center



Reply
 
Thread Tools   Display Modes
  #1  
Old 12-21-2001, 05:16 PM
LoneStarLawn LoneStarLawn is offline
LawnSite Bronze Member
 
Join Date: Feb 2000
Location: San Antonio, TX
Posts: 1,415
Difference between L.L.C. and P.L.L.C.

Just looked into LLC for the state of Texas and noticed P.L.L.C (Professional Limited Liability Company). Does anyone off hand know the difference? I know that you have to be a L.L.C. before becoming P.L.L.C. (I am not sure every state has it.)

I didn't want to read all the "technical jargon" so any info would help otherwise I will have to read it...

<b>Does anyone want to buy a vowel with both of those abbreviations?</b>
__________________
<i>Alan</i>
Reply With Quote
  #2  
Old 12-23-2001, 09:41 AM
jannan jannan is offline
LawnSite Member
 
Join Date: Mar 2000
Location: Fairmont WV
Posts: 40
I may be wrong, but my understanding of the difference between a LLC & PLLC is that a PLLC is used by doctors, lawyers & others in the "professions" while an LLC is used by others engaged in business.
Reply With Quote
  #3  
Old 12-23-2001, 12:16 PM
Old Guy Old Guy is offline
LawnSite Member
 
Join Date: Oct 2000
Location: Jackson, MI
Posts: 59
LLC vs PLLC

State laws differ on formation of LLCs but jannan is correct. P stands for Professional and we don't qualify as Professional although we may feel we do. You want an LLC for our type of business.
__________________
rhd
Reply With Quote
  #4  
Old 12-23-2001, 01:07 PM
LoneStarLawn LoneStarLawn is offline
LawnSite Bronze Member
 
Join Date: Feb 2000
Location: San Antonio, TX
Posts: 1,415
Yes P stands for Professional as I had mentioned.

It states that if state licensing is required to perform services than you are defined as a professional. (Each state has their own lists of what defines them)

Landscape Architects fall under this catagory in some states...so there may be some on this board.

Wasn't looking into getting into it. Just feel that knowledge is power and wanted to know what it was.
__________________
<i>Alan</i>
Reply With Quote
  #5  
Old 12-23-2001, 03:13 PM
Rooster Rooster is offline
LawnSite Senior Member
 
Join Date: Nov 2000
Location: Shawnee Mission, Kansas
Posts: 460
One of my neighbors has a L.L.C. He told me that the company owns nothing and he owns everything even equipment. So if the company gets sued there is nothing to get.
__________________
Veteran - United States Marine Corps
Member - American Legion, D.A.V., P.V.A.
Reply With Quote
  #6  
Old 12-23-2001, 03:31 PM
eggy eggy is offline
LawnSite Senior Member
 
Join Date: Mar 2000
Location: Seymour Indiana
Posts: 797
Check out this issue of Turf..they had a good article on becoming a LLC.
__________________
Brian
Reply With Quote
  #7  
Old 12-23-2001, 04:34 PM
LoneStarLawn LoneStarLawn is offline
LawnSite Bronze Member
 
Join Date: Feb 2000
Location: San Antonio, TX
Posts: 1,415
The topic was the difference between LLC and PLLC.

Not about becoming an LLC. That is another thread.
__________________
<i>Alan</i>
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 07:11 AM.

Page generated in 0.08237 seconds with 9 queries