Some states require that certain business entities register as a PLLC (or professional limited liability company) and not simply as an LLC (limited liability company). Business and employment attorneys Katie Rinkus and Rebecca Chmielewski discuss the distinction between LLCs and PLLCs and the requirements for forming a PLLC under Illinois law. They specifically address both how to convert an existing LLC into a PLLC and how to establish a company as a PLLC from the beginning. They also explain the nuts and bolts of filing the necessary documents and the potential penalties that can be levied for not being registered correctly. Tune in to learn all about PLLCs and whether your business needs to be registered as one.
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