Difference between L.L.C. and P.L.L.C.

Discussion in 'Business Operations' started by LoneStarLawn, Dec 21, 2001.

  1. LoneStarLawn

    LoneStarLawn LawnSite Bronze Member
    Posts: 1,415

    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> :D
     
  2. jannan

    jannan LawnSite Member
    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.
     
  3. Old Guy

    Old Guy LawnSite Member
    Posts: 59

    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.
     
  4. LoneStarLawn

    LoneStarLawn LawnSite Bronze Member
    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.
     
  5. Rooster

    Rooster LawnSite Senior Member
    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.
     
  6. eggy

    eggy LawnSite Senior Member
    Posts: 931

    Check out this issue of Turf..they had a good article on becoming a LLC.
     
  7. LoneStarLawn

    LoneStarLawn LawnSite Bronze Member
    Posts: 1,415

    The topic was the difference between LLC and PLLC.

    Not about becoming an LLC. That is another thread.
     

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