Tag Archives: PLLC

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

Posted in Dental Practices, Medical Practices, Partnership/Operating Agreements | Tagged , , , , , | Leave a comment

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

Posted in Buying/Selling a Practice, General, Medical Practices, Partnership/Operating Agreements | Tagged , , , | Leave a comment