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Registered Limited Liability Partnership Virginia State Bar Form
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People also ask
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How do I set up a PLLC in Virginia?
Complete and file Virginia Articles of Organization The business name. Its specific and sole purpose. Information about the registered agent. Number of members with contact details. Registered office and principal office. Signature.
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What is the difference between a PLLC and an LLC in Virginia?
With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals. A PLLC cannot be used to shield the members from claims for malpractice.
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Does Virginia allow LLP?
In Virginia, any business is permitted to register as an LLP. The only requirement is that there are at least two partners. In Virginia, a sole proprietor is not permitted to form an LLP. The Uniform Partnership Act governs the creation and management of LLPs in Virginia.
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Who can be a member of a PLLC in Virginia?
A PLLC is only for professionals recognized in Virginia through applicable licensing or certification. ingly, for most Virginia PLLCs, all members must be professionally licensed.
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Who can own a PLLC in Virginia?
A PLLC is only for professionals recognized in Virginia through applicable licensing or certification. ingly, for most Virginia PLLCs, all members must be professionally licensed.
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Can a law firm be an LLC in Virginia?
Before any professional limited liability company may engage in the practice of law in this Commonwealth, it shall first obtain and maintain a registration certificate required for that professional limited liability company by Chapter 39 (§ 54.1-3900 et seq.) of Title 54.1.
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How much does it cost to set up an LLC in Virginia?
The filing fee to form an LLC in Virginia is $100. You may also need to pay $25-$50 for a registered business name and $25-$100 for licenses and permits depending on your locality and business activities. Total costs range from $500-$1,000.
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Is there an advantage of a PLLC over an LLC?
Benefits and Downfalls: PLLCs and LLCs While an LLC and PLLC both provide personal limited liability protection, a PLLC will not protect you from claims of malpractice or wrongdoing. However, a benefit of a PLLC is that the wrongdoing of one individual member does not create liability for other members.
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