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State of North Carolina Department of the Secretary of State ARTICLES OF ORGANIZATION (PROFESSIONAL LIMITED LIABILITY COMPANY) Pursuant to 57C201(c), 57C220 and Chapter 55B of the General Statutes

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How to fill out professional limited liability company

01

Step 1: Gather the necessary information and documents, including the company's name, address, and registered agent information.

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Step 2: Determine the ownership structure and decide on the members and managers of the professional limited liability company (PLLC).

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Step 3: Prepare and file the Articles of Organization with the appropriate state agency, providing all required information.

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Step 4: Pay the necessary filing fees and any applicable taxes.

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Step 5: Obtain any required licenses or permits specific to your profession or industry.

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Step 6: Create an operating agreement that outlines the rights and responsibilities of the PLLC's members and managers.

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Step 7: Obtain any necessary insurance coverage, such as professional liability insurance.

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Step 8: Comply with ongoing filing and reporting requirements of the state in which the PLLC is registered.

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Step 9: Maintain proper record-keeping and accounting practices for the PLLC.

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Step 10: Consult with an attorney or professional advisor to ensure compliance with all legal and regulatory requirements of operating a professional limited liability company.

Who needs professional limited liability company?

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Professionals who provide services that require a license, such as doctors, lawyers, accountants, architects, engineers, and consultants, often choose to form professional limited liability companies (PLLCs).

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PLLCs provide liability protections similar to traditional limited liability companies (LLCs), but they are specifically designed for professionals in certain licensed fields.

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By forming a PLLC, professionals can separate their personal assets from business liabilities, protecting themselves from personal liability for the malpractice or negligence of other members of the PLLC.

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What is professional limited liability company?

A professional limited liability company is a type of business entity that combines the limited liability protection of a corporation with the tax benefits of a partnership.

Who is required to file professional limited liability company?

Professionals such as doctors, lawyers, accountants, and architects are required to form a professional limited liability company.

How to fill out professional limited liability company?

To fill out a professional limited liability company, you need to file Articles of Organization with the state, appoint a registered agent, and pay the necessary fees.

What is the purpose of professional limited liability company?

The purpose of a professional limited liability company is to protect the personal assets of the professionals involved in the business from the liabilities of the company.

What information must be reported on professional limited liability company?

Information such as the company's name, address, registered agent, members, and purpose must be reported on a professional limited liability company.

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