Firm - Professional Limited Liability Company (PLLC)

Any North Carolina Professional Limited Liability Company organized after June 5, 1969, must, in order to qualify as a Professional Limited Liability Company, have a company ownership structure which meets N.C.G.S. 55B-6 and 55B-4(3), which requires at least 2/3 ownership by licensees and at least one North Carolina licensee for each profession that will be offered who is an officer, director and shareholder in the corporation. Up to 1/3 of the company may be owned by non-licensed employees. No company may be an owner of the Professional Limited Liability Company.