Professional Liability Company (PLC)
If you are a dentist, architect, engineer, doctor, lawyer, CPA or other professional, you may benefit from establishing a Professional Liability Company (PLC). A PLC is a limited liability company that is organized for the specific purpose of rendering professional services. Its members are other limited liability companies, professional corporations, or individuals who themselves are licensed or otherwise legally authorized to render the same professional service as the limited liability company. PLCs offer many of the benefits of LLCs. However, remember that a PLC does not indemnify you as a professional from your professional negligence. We establish the business entity for you and ensure its validity by preparing annual updates and keeping you in compliance with the law.