1200 5th Avenue, Suite 1550
Seattle, Washington 98101
206-728-5858
Seattle Pike Place Market
Photo by Chris Hitt © 2005
Dubuar, Lirhus & Engel LLP
206-728-5858
PROFESSIONAL LIMITED LIABILITY COMPANIES
A person or group of persons licensed to render professional services may organize and become a member or members of a professional limited liability company (PLLC).
The Washington limited liability company statute specifically provides for PLLC's. The statute makes comparisons to professional corporations, and essentially provides for the same requirements. The additional requirement under the statute is that each professional and the PLLC maintain a policy of professional liability insurance in the amount of at least one million dollars, or a greater amount as the state insurance commissioner may establish by rule for a licensed profession or for any specialty within a profession.
To determine whether the PPLC provisions apply, the statute defines "professional services" as follows:
[A]ny type of personal service to the public which requires . . . a license or other legal authorization . . . including. . . certified public accountants, chiropractors, dentists, osteopaths, physicians, podiatric physicians and surgeons, chiropodists, architects, veterinarians and attorneys at law.
For more information in general regarding PLLC's see the information on sole member LLC's, multiple member LLC's, asset protection, etc. in this web site. For the most part the information in those articles will apply to PLLC's.
This information is general in nature and should not be relied upon for your specific circumstances. For information, questions, or comments, please contact Douglas J. Engel at 206-728-5858 or engel@dle-law.com.
HomeAttorneysStaffAreas
of LawAdoption
The information in this web site is all general information. The information is applicable only to the state of Washington, unless otherwise stated. This general information is not legal advice for your particular circumstances. If you have legal questions you should consult your lawyer.