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State of North Carolina Department of the Secretary of State ARTICLES OF ORGANIZATION (PROFESSIONAL LIMITED LIABILITY COMPANY) Pursuant to 57D202, 57D220 of the General Statutes of North Carolina,
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How to fill out professional limited liability company
How to fill out professional limited liability company
01
Research the requirements and regulations for forming a professional limited liability company (PLLC) in your state.
02
Choose a unique name for your PLLC that complies with your state's naming requirements.
03
Obtain the necessary licenses and permits for your specific profession.
04
Draft and file the necessary formation documents, such as Articles of Organization or Certificate of Formation, with the appropriate state agency.
05
Determine the initial members/managers of the PLLC and their respective ownership percentages.
06
Consider drafting an Operating Agreement that outlines the rights, responsibilities, and operating procedures of the PLLC.
07
Obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS).
08
Register your PLLC for state and local taxes, if required.
09
Comply with any ongoing reporting, licensing, and tax obligations required by your state.
10
Consider consulting with an attorney or professional advisor experienced in PLLC formations to ensure compliance and proper structuring.
Who needs professional limited liability company?
01
Professionals in licensed occupations, such as doctors, lawyers, accountants, architects, engineers, etc., who wish to protect their personal assets from liabilities arising from the professional practice.
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Individuals or groups who want to establish a business entity that limits the personal liability of its members while still allowing them to actively participate in the profession.
03
Professional partnerships or groups looking to convert their existing business structure into a more formal and legally recognized entity.
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Those who want to attract investors or partners without making them personally liable for the business's professional liabilities.
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Professionals seeking enhanced credibility and professionalism by operating under a formal legal entity.
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What is professional limited liability company?
A professional limited liability company is a type of business structure that provides liability protection for its owners while allowing them to engage in a professional occupation or service.
Who is required to file professional limited liability company?
Professionals such as doctors, lawyers, accountants, or architects are required to file a professional limited liability company.
How to fill out professional limited liability company?
To fill out a professional limited liability company, you will need to file the necessary forms with the appropriate state agency and provide information about the professionals involved.
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 owners while allowing them to operate their professional services.
What information must be reported on professional limited liability company?
The information that must be reported on a professional limited liability company includes the names of the professionals involved, the nature of the professional services provided, and the business address.
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