What is a PLLC??

In Arizona, if you wish to be an LLC and are performing professional services that require licensing under state law you are required to form a PLLC. As a Arizona real estate agent, you are required to form a PLLC or Professional Limited Liability Company as opposed to a standard LLC. The statute (Title 29, Chapter 4 of the Arizona Revised Statutes) covers a broad range of industries including REALTORS.

As entities, the LLC and PLLC are virtually identical. All general rules and regulations governing an LLC apply to a PLLC. (A.R.S. 29-843). They share the same legal and ownership structure. For example, both are owned by a member or members, not shareholders. A PLLC is granted the same limited liability as an LLC or corporation for creditor claims. While the benefits of being licensed as a PLLC are many, there is no limited liability with respect to E & O claims arising our of your professional services.

You could use an internet based company to set up your PLLC but the The Arizona Department of Real Estate (ADRE) requires specific language to be used on the Articles of Organization. We have heard horror stories from agents who weren't advised right. Some created the wrong business structure and were declined by the ADRE. In one instance, the broker lost the opportunity for huge tax benefits during the time we were sorting out and "fixing" her entities.

We have met with the ADRE and are well versed on what verbiage is needed on the Articles of Organization to keep the ADRE happy. We know the difference between LLC, PLLC and PC. We know who qualifies and who doesn't. We are aware of who can have ficticious names and who can't.

Reliable LLC Filing Services will guide you through the process, take care of filing and publishing your documents in accordance with State law and provide you the necessary documents to transfer your real estate license into your PLLC. All this for $279.

What are you waiting for?