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A Professional Limited Liability Company (PLLC, P.L.L.C., or P.L.) is a limited liability company organized for the purpose of providing professional services. Usually, professions where the state requires a license to provide services, such as a doctor, chiropractor, lawyer, accountant, architect, or engineer, require the formation of a PLLC. However, some states, such as California, do not permit LLCs to engage in the practice of a licensed profession. Exact requirements of PLLCs vary from state to state. Typically, a PLLC's members must all be professionals practicing the same profession. In addition, the limitation of personal liability of members does not extend to professional malpractice claims.
Source: Wikipedia.org
Wiki User
∙ 13y ago
The letters "PL" after a law firm's name stand for "Professional Limited Liability Company." This indicates that the law firm is structured as a limited liability company, providing liability protection for its members while still allowing them to engage in the practice of law.
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