Frequent questions regarding PLLC and PC formation:

Who can be a Professional Corporation shareholder, director, or a member in a PLLC?

Many states restrict who may be owners of a PC or PLLC. For example, in some states only licensed practitioners of the specific service that the corporation provides may own stock and serve on the board of directors. Other states require at least 50% of the shareholders and directors to be licensed professionals. Many states have similar rules for PLLCs.

What do I name my PC or PLLC?

Naming a business is always an important decision. The name of your PC or PLLC can’t be "deceptively similar" to names already in use. Additionally, your name usually must show your business is a PC or PLLC. Some states require your profession to be part of the company name (for example, Johnson Chiropractic, PC).

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