Business Registration Manual

Professional LLCs

• Creation and Organizational Documents: Created by filing Articles of Organization in compliance with the North Carolina Limited Liability Company Act. Professional LLCs must comply with the provisions of Chapter 55B as well and Chapter 55 of the North Carolina General Statutes.
• Management:Professional LLCs are managed by their managers.
• Limited Liability Characteristics:Professional licensees are personally liable for malpractice in providing professional services. Members or manager of the Professional Limited Liability Company are not individually liable for the malpractice of another manager, member or licensee unless the services are provided under his or her supervision, direction, or direct involvement.
• Tax Characteristics:The Professional Limited Liability Company is NOT taxed on its income. Members are taxed on the income of the PLLC.
• Termination:May dissolve upon the death of withdrawal of a member and under other circumstances as determined by the Articles of Organization or Written Agreement.