Today’s blog goes a little bit more into the Professional Corporations Act that’s under North Carolina General Statute, Chapter 55B. In a previous blog, we discussed what businesses are required to be registered under that. Today we are getting into sole proprietorships, and that is essentially when you start a business. You do not file anything with the Secretary of State’s office in North Carolina, and you just do your thing. So if you are a professional, whether you are, for example, a general contractor, engineer, land surveyor, attorney, etc., and you decide that you do not want to incorporate or you do not want to organize as an LLC, then you are not required under the statute or under your licensing board to do any sort of registration.
All you have to do is be a licensed professional. Your business does not have to be registered under the Professional Corporations Act, as long as you are a sole proprietor. As mentioned in the blog, if you designate yourself and you file the proper paperwork to organize as an LLC, or incorporate as a corporation, then that is going to change. However, for sole proprietors and small business owners that are licensed professionals, you do not have to do the registration under the Professional Corporations Act.
*Nothing in this blog establishes an attorney-client relationship. Nothing in this blog is legal advice. If you have any questions, please check out our other blogs and our Youtube channel. You can also call us at 919-521-8810 with questions.