Texas PLLC Formation
Debating between a PLLC vs LLC in Texas? The Texas PLLC affords Professionals in Texas the opportunity to form a unique entity to protect themselves, their partners, and their personal assets. Through the use of PLLCs, groups of doctors, dentists, architects, and even lawyers can work within a group setting while maintaining malpractice protection similar to that of sole practitioners.
Flat Fee Texas PLLC Formation—Form your practice with a mind for growth
Work directly with Attorney Nate Gilbert to form your practice the right way, the first time
Learn the unique attributes of your new PLLC and the management practices to grow your practice
No Surprise Fees, Change Orders Or Nonsense
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Launch your Company With An Experienced Business Attorney
Know What I’m Doing, and When I’m Doing it
PLLC vs LLC in Texas: The Basics
We form a PLLC in Texas much the same way that we form an LLC in Texas. However, we use a different Certificate of Formation–This is a key difference because the “Purpose” section will be of great importance when we are forming the PLLC. The Operating Agreement will, again, look very much like an LLC Operating Agreement, but will spell out certain provisions relating only to PLLCs such as restrictions on Membership.
The Purpose of a Texas PLLC
For a PLLC in Texas, the Purpose must be the providing of some specific professional service such as legal advice, medical services, or architectural planning, to name a few. This is why, if you are converting to a PLLC from an LLC, it is not just a simple name change. In order to convert your LLC to a PLLC, for instance, you must file an Amendment containing that new purpose–the professional service–that your PLLC will now provide.
The Benefit of PLLC vs LLC in Texas
This boils down to malpractice liability. Members in a PLLC are protected, by the Texas Business Organization Code, from the malpractice or professional negligence of another professional Member. Additionally, some professions are required by the Texas Secretary of State to form a PLLC.
I wanted to make a PLLC for my new Pediatric Ophthalmology practice and I found Nate after searching on the internet. I read Nate’s profile and was impressed and gave him a call and asked all the relevant questions about the PLLC formation and was very satisfied with the answers and decided to go with him. Nate is professional, knowledgeable, efficient and finished the process in a very timely manner. To add to this, Nate did a meeting after the whole process to explain and educate about the new entity and its Company Agreement which is extremely helpful to prepare you for the next steps for your PLLC. He is always available for follow up questions. It was a pleasure working with Nate and I highly recommend him.
– Dr.C (Pediatric Eye Center)
This is a portrayal, not the actual individual
PLLC Formation Comparison
Working With Attorney Nate Gilbert
Work with one, highly experienced attorney, from start to finish on your project
Flat rate packages, established up front; That will always be your only payment!
Reach out directly to your attorney; One-on-one access to your attorney during your representation
Know you matter and won’t fall through the cracks– We don’t take on more clients than we can adequately serve at any time
Other Larger Firms
Chance of being passed around from senior partner, to associate, to another associate, or paralegal
Hourly rates, unknown fees or other surprises on your final bill – Every phone call has a ticking clock that you’re being charged for
Calling the main office line, leaving a message; Someone other than your attorney returning your phone call, or no one at all
Larger firms must take as many clients as possible, and there is a risk of your matter getting lost in the crowd
PLLC Formation FAQs
A Professional Limited Liability Company is a form of the Texas LLC that provides additional benefits to those business owners who perform professional services such as healthcare, dentistry, legal, and architecture services, and can only be formed by those individuals providing services with a license from the State of Texas.
Anyone licensed by the State of Texas to perform their service may form a Professional Limited Liability Company. Anyone who is not licensed to perform that service may NOT be a Member of the PLLC.
The Law Office of Nathaniel Gilbert, PLLC is San Antonio forms PLLCs on a flat fee basis. When you choose a flat fee service, you will never receive a surprise bill or wonder about how much a phone call with your attorney will cost you.
PLLCs in Texas provide protection to Members from malpractice suits filed against another Member of the PLLC. In addition to the liability protection afforded to an LLC under Texas statute, PLLCs have additional provisions that help to make sure that malpractice liability extends only so far.
Forming a Texas PLLC is much the same as forming an LLC, with some additional required language in your Operating Agreement AND your Certificate of Formation that is filed with the Texas Secretary of State.
PLLC Formation Pricing
PLLC vs. LLC in texas
If I want an entity for my professional company, what is the difference between a PLLC and and LLC? Is it just more expensive?
Both LLCs and PLLCs shield Members and Managers from liabilities of the entity. In other words, in a properly run and maintained company, the debts and obligations of the LLC are not transferred automatically to the Members or Managers of the entity. PLLCs in Texas offer malpractice protection to individual practitioners; the malpractice of one practitioner may impart on the PLLC itself, but not on the other professional Members or Managers. Click here to read more about “PLLC vs LLC” comparisons and consideration.
Texas PLLC Formation
Operating Agreement Drafting: Custom drafted PLLC Operating Agreement for your company
Filing your PLLC with the Texas Secretary of State: drafting and filing of the necessary paperwork with the Secretary of State including your Certificate of Formation and any Assumed Name Certificates for trade names and DBA’s
Memorandum on Liability for PLLCs in Texas: A letter from your attorney discussing the common pitfalls of liability in running a PLLC in Texas
Meeting with your attorney on running your business: We will sit down with you, go over the details of the Operating Agreement and Corporate Governance documents drafted for your company, show you how to use them, and help run your company for years to come – This is, according to our clients, the most valuable part of the PLLC formation package
Corporate Governance documents for your PLLC
State Filing Fee of $300 Not Included