North Dakota Plan of complete liquidation and dissolution
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How to fill out Plan Of Complete Liquidation And Dissolution?
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FAQ
A professional corporation may render: One specific type of professional service and services ancillary thereto; or. Two or more kinds of professional services that are specifically authorized to be practiced in combination under North Dakota's licensing laws of each of the professional services to be rendered.
The professional corporation or PLLC's sole purpose must be to provide the services of the licensed professionals, such as providing legal or medical services. In addition to the standard state-naming requirements, the name must clearly indicate that it is a professional corporation or PLLC.
A plan of dissolution is a written description of how an entity intends to dissolve, or officially and formally close the business. A plan of dissolution will include a description of how any remaining assets and liabilities will be distributed.
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.
The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized ing to the laws of the state where the professional is licensed to practice.
To dissolve your North Dakota LLC by filing Articles of Dissolution by Organizers, there is a $20 fee. To file the Articles of Dissolution by Members, there is a $20 filing fee and you must also file the Notice of Dissolution which costs $10.
The major difference between a traditional corporation and PC is that a PC is designed to protect licensed professionals and their personal assets. Licensed professionals may incorporate as a PC, as long as they meet the entity's specific requirements.
Reinstating your North Dakota corporation is an easy, straightforward process. Just file the past due annual report, report fee, and reinstatement fee within one year of revocation. North Dakota allows filing in person, by mail, or by fax. North Dakota SOS accepts VISA, Master Card, or Discover.
