If you’re starting a business that provides a professional service, you could consider both a professional association (PA) or a limited liability company (LLC). If, on the other hand, you’re starting a business selling goods, such as a hardware store, you do not have the option of a PA.
What is the difference between PA and LLC?
A PA, or professional association, is a business entity that is limited to specific professions. In contrast, an LLC, or limited liability company, is a hybrid between a corporation and a partnership. Each state has specific regulations for each type of business entity.
How to form a professional LLC in Pennsylvania?
Only foreign LLCs and Pennsylvania LLCs engaged in certain specified restricted professional services must file a Certificate of Annual Registration (Form DSCB:15-8221/8998) with the Department of State. (See Nolo’s article, How to Form a Professional LLC in Pennsylvania for more information.)
How to form a LLC [ step by step ]?
Any mail that is sent to your LLC will be scanned by them and uploaded to your online account. Special offer: If you hire Northwest to form your Pennsylvania LLC ($39 + state fee), they’ll include their registered agent services free for the 1st year. 3. Certificate of Organization and Docketing Statement
How are specialized limited liability companies formed in PA?
Several types of specialized limited liability companies may be organized under Pennsylvania law. These limited liability companies may be formed as such at the time of filing of the certificate of organization or may elect specialized status by amendment of existing certificate with the requisite vote of the members.
How does a limited liability company ( LLC ) work?
A limited liability company is a type of business entity. You form an LLC by filing a document called articles of organization (or something similar) with your state’s business filing office. In most states, this is the Secretary of State’s office. For details, see Nolo’s article ” How to Form an LLC .”
