Professional corporations (PCs) and professional limited liability companies (PLLCs) are corporations and limited liability companies structured to provide professional services in industries that require state licenses in order to practice.
The services that constitute "professional" services are defined by state law, and vary from state to state. But normally they are professions that call for a license, such as Accountants, Architects, Chiropractors, Dentists, Doctors and Lawyers.
Furthermore, a PC or PLLC must usually be organized to solely provide the services of the licensed practitioners. Starting a PC or PLLC involves extra steps, such as approval of the incorporation by the proper state licensing body for the owner's, or owners' profession signature on the incorporation documents of a licensed professional as the incorporator or organizer.
"Benefits" of a Professional Corporation or LLC
The Professional Corporation or Professional LLC has many benefits. All of these benefits help to make the Professional Corporation and Professional LLC’s one of the most popular choices in the country.
- Liability Protection
- Minimizes IRS Examination chances
- Easily Obtain Capital
- Tax Benefits
- Anonymity
- Identity Development
- Simple Transfer or operations
- Share/Stock Flexibility
- prolonged existence
"Our Filing Process" Step by Step
Our Professional Corporation and Professional LLC filing process is streamlined to make sure that your new our Professional Corporation and Professional LLC is filed quickly and effectively. We’ll make sure that your are always informed as to the status of your Professional Corporation and Professional LLC. Here is an overview of our process from start to finish.
- Order Received
- Name Reservation Completed
- Peace of Mind Application Review
- Professional Corporation or Professional LLC Documents Completed and Filed With State
- Professional Corporation or Professional LLC Documents Received Back From the State
- EIN (TAX ID Number) Filed
- Corporate / LLC Kit Sent to Client
- All Documents Sent to Customer
$99
Package Price: $99
State Fee: $0
$199
Package Price: $199
State Fee:$0
$299
Package Price: $299
State Fee: $0
$499
Package Price: $499
State Fee:$0
SELECT A ORDER PROCESS
Order Now - Self help order process which will take you through our complete application. (Recommended)
Express Pay - Our Express Pay option gives you the ability to provide your business's basic information before processing the application. Once the application is received an agent will contact you to complete the application in full detail. (Quick Process)
Learn More About Starting a Professional Corporation or Professional LLC?
A. Articles of incorporation for a professional corporation and articles or organization for a PLLC, are similar to those of standard corporations and LLCs.
However, with professional entities, the proper state licensing body must often approve the formation documents before these documents can be filed with the secretary of state. Further, the articles typically must contain the signature of a licensed professional as the incorporator, and that person's license number, or a certified copy of the license may be necessary as part of the filing requirements. As a result, the filing time for professional entities may be longer than the filing time for standard business entities.
A. A professional corporation is taxed like a C corporation (unless they make the S corporation election). However, some professional corporations do not have the advantage of graduated corporate federal income tax rates.
Professional corporations that are "qualified personal service corporations" pay a flat federal income tax rate of 35 percent. "Qualified personal service corporations" provide services in the fields of health, law, engineering, architecture, accounting, actuarial science, or consulting. Professional corporations are allowed to file for S Corporation status, this election allows for the entity to have pass-through tax treatment.
With pass-through taxation, the income to the entity is not taxed at the entity level; however; the entity does complete a tax return. The income or loss as shown on this return is "passed through" the business entity to the individual shareholders or interest holders, and is reported on their individual tax returns.
A. The state of California does not permit limited liability companies to be formed to provide professional services. California does, however, allow the formation of professional corporations.
A. Many states restrict who may be a shareholder or a director of a professional corporation. The stock must be owned by either:
employees performing the professional services, retired employees who had performed such services, the estate of someone who had performed such services, or someone who inherited the stock from a deceased employee who had performed such services (but only for two years after the date of death).
Note, in some states only licensed practitioners of the specific service that the corporation provides may own stock in the corporation and serve on the board of directors. Other states require at least 50% of the shareholders and directors to be licensed professionals.
Professional Corporation or Professional LLC Price Comparison Chart
This price chart will provide you with an “example” of our prices v/s our competitors in the state of California. As you can see below Chapter Group is more affordable than the competition. You can click get started below to see the total costs to file a business in your state.
Our service includes:
- Our service includes:
- California Professional Corporation or LLC
- Express Filing
- Custom Bylaws/Agreement
- Deluxe Corporate Kit
- EIN (Tax ID Number)
- Express Shipping
- & More….
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