Are you a licensed professional – such as a doctor, lawyer, architect, engineer? For a $500 one-time investment and 5 minutes of your time, you can save yourself thousands of dollars every year by forming a PLLC.

A professional limited liability company (“PLLC”) is a business entity designed for licensed professionals, such as lawyers, doctors, architects, engineers, accountants, and chiropractors.

PLLCs are an amazingly great, low-cost, high reward tool for doctors and other licensed professionals. PLLCs can be used for:

• Clearly separating business and personal expenses and accounts. This is tremendously valuable when claiming business expenses on your taxes.
• Lowering your tax bracket.
• Lowering your taxes by separating your income into “dividends” and “salary”. “Dividends” are taxed without payroll taxes, which can be as high as 15.3%.
• Having the flexibility to hire someone (even a spouse or family member) as a legitimate employee so that you can pay into the Social Security for them

As always, please contact a tax professional for more information. We can make recommendations for licensed tax professionals that have the experience to save YOU money.

Other law firms will charge over $2,000 for this service. At HUYPHAMLAW, we provide personal service and a fast turnaround (usually within 3 days) for our PLLC service at a very reasonable price of $500 (inclusive of state filing fees). To get started, please email me at huy@huyphamlaw.com . I will send you a 5 minute survey and we can get started on saving you money!