You might be asking whether you need to set up a professional limited liability corporation (PLLC) if you’re a licensed professional working in North Carolina. Yes, it is the answer. In order to shield their personal assets from any potential legal obligations resulting from their professional practice, North Carolina licensees of professions must create a PLLC.
In North Carolina, creating an LLC is a rather simple procedure. The steps you must take are as follows:
2. Submit your articles of incorporation to the Secretary of State of North Carolina. The name, address, and names and addresses of your LLC’s owners are all listed in this document along with some basic information about your LLC.
4. Produce an operational contract. The policies and procedures that apply to your LLC are described in this document. 5. Request an EIN from the IRS. If you want to employ people or open a bank account in your LLC’s name, you must do this. How to Form a North Carolina PLLC
In order to establish a PLLC in North Carolina, licensed professionals must follow a slightly different procedure. The steps you must take are as follows: 1. Decide on a name for your PLLC. The name you select must be distinct and not already in use by another PLLC in North Carolina, just like with an LLC.
2. Submit your articles of incorporation to the Secretary of State of North Carolina. The name, address, and names and addresses of the owners of your PLLC are all listed in this document as well as some basic company information. 3. Obtain any licenses and permits required for your line of work.
What in NC is a PLLC?
A PLLC is a particular kind of limited liability company created just for qualified professionals. In North Carolina, licensed professionals including doctors, lawyers, and accountants must create a PLLC in order to shield their private assets from any potential legal liability resulting from their line of work.
The letters “PLLC” do not have to be present in a PLLC’s logo. However, if you decide to use the initials “PLLC” in your logo, you must do so in accordance with all applicable North Carolina legal requirements as well as any industry-specific standards.
In conclusion, creating a PLLC is necessary if you hold a North Carolina professional license. Although there are certain more stages and regulations to follow, the procedure for creating a PLLC is identical to that of creating an LLC. You can shield your personal assets from any legal liabilities that might result from your professional practice by setting up a PLLC.