The North Carolina Professional Corporation Act, under North Carolina General Statute § 55B, defines a professional corporation and regulates it. There is a lot under this chapter, so this blog will discuss the high points. First, a professional corporation is a business entity that has filings with the North Carolina Secretary of State’s office, like a normal corporation would. It provides professional services like doctors, lawyers, general contractors, etc. Anybody that is a licensed professional in a professional field that has a corporation or LLC partnership filed with the Secretary of State’s office in North Carolina has to make sure that they also have a registration of their business entity with their licensing board [N.C.G.S. § 55B-10 ].
For example, North State Law is a PLLC and had to be registered with both the NC Secretary of State’s Office as well as the NC State Bar, which is our professional licensing entity.