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The following other wikis use this file: Usage on ar.wikipedia.org هاواي فايف أو; Usage on bg.wikipedia.org Хавай 5-0; Usage on ca.wikipedia.org
A professional limited liability company (usually shortened as PLLC, P.L.L.C., or P.L., sometimes PLC, standing for professional limited company – not to be confused with public limited company) is a limited liability company organized for the purpose of
Private Limited Company: Liability, limited by shares; Name, cannot be deceptively similar to another registered company; Management, at least 1 director; Shareholders, limited to 1–50 excluding persons who are employed by company, prohibition against any invitation to the public to subscribe for shares; Founders, 1–50; Nationality ...
Unlike a traditional corporation, operation as a professional corporation does not insulate a professional for personal liability for her own negligence or malpractice. The principal reason why groups of professions choose to organize as a professional corporation is that, unlike a general partnership , an owner is not personally liable for the ...
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Professional liability Commercial property If your business property, equipment or inventory is damaged by a storm, fire or theft, commercial property insurance will reimburse you for your losses.
The articles of organization document typically includes the name of the LLC, the type of legal structure (e.g. limited liability company, professional limited liability company, series LLC), the registered agent, whether the LLC is managed by members or managers, the effective date, the duration (perpetual by default in most states), and the ...
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