Statutes have been enacted in various jurisdictions setting forth requirements as to the form and manner of execution of the constitution or articles of association, and the bylaws, of an association or club. If the drafter does not comply with such formalities, the documents may not be accepted for filing by the designated public officer, and the existence of the association or club as a legal entity will not be recognized. In some jurisdictions, the constitution or articles of association, and the bylaws, must be executed properly. Execution generally implies the signing of the instruments by the proper officers or other parties, in conformity to the requirements of the governing statute.
Statutes in some jurisdictions require that the constitution or articles of association, and the bylaws, be acknowledged or verified. In some jurisdictions, it is required by statute that the constitution or articles of association be recorded, particularly where the association or club owns real property or any interest in real property.
North Carolina Articles of Association of a Professional Association
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How to fill out Articles Of Association Of A Professional Association?
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FAQ
One of the key differences between a corporation and a professional corporation is that the shareholders of a professional corporation must be licensed professionals who are authorized to provide professional services in their respective fields. This requirement does not apply to a regular corporation.
Depending on the individual state, shareholders in this type of corporation must be licensed in law, medicine, architecture, or another professional service. They are also governed by special liability laws. The IRS categorizes professional corporations as C corporations.
North Carolina Professional LLC Annual Report Requirements: The Secretary of State does not have an annual report requirement for professional limited liability companies, however, professional limited liability companies may have a reporting requirement through the licensing board of their profession.
How to Order a Certified Copy of Articles of Organization or a Certified Copy of Articles of Incorporation From the State of North Carolina Online: Go to their website and follow the instructions provided to sign up, search and print a certificate. ... By Mail: ... By Fax: ... By Email: ... By Phone: ... In Person:
A professional association is Corporation formed with the single purpose of providing a specific professional service. These professional services are commonly medicine, law, accounting, etc.
For the majority of states, the phrase ?professional association? is simply another way to reference a professional corporation. Thus, most ?professional associations? are, in-fact, merely professional corporations.
The difference between a PC and a PLLC is ultimately the same as the difference between a regular corporation and a regular LLC. One major difference is how these entities are taxed. The PLLC has a few options for taxation, and all of them are likely to save ownership money compared to a PC.
There are two types of professional entities, the professional corporation (PC) or professional association (PA) and the professional limited liability company (PLLC). Click the below tile for detailed information regarding each type of entity.