Tag Archives: PLLC

What Healthcare Practitioners Need To Know about S-Corps

In New York State, the only two (2) legal entities that are allowed for licensed healthcare professionals are professional service corporations (PC) or professional limited liability corporations, (PLLC). There can be some confusion on whether an “S-Corp” is a legal … Continue reading

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What is an Operating Agreement?

An operating agreement is a contract that outlines how a Professional Limited Liability Company (PLLC) will function from its inception. It can diffuse potential disputes between members if the agreement addresses certain areas of concern for the PLLC.   For example, … Continue reading

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PC vs PLLC: Choosing Your Business Structure

In New York State, professionals who are licensed through the Department of Education can structure their businesses in two ways: as a professional corporation (PC) or a professional limited liability company (PLLC). Under New York Law, both structures provide identical … Continue reading

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