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This state-specific form must be filed with the appropriate state agency in compliance with state law in order to create a new professional corporation. The form contains basic information concerning the professional corporation, normally including the corporate name, number of shares to be issued, names of the incorporators, directors and/or officers, purpose of the corporation, corporate address, registered agent, and related information.
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Interesting Questions
A Domestic professional LLC is a type of business entity formed in New Hampshire that is specifically designed for professionals, such as doctors, attorneys, and accountants, to operate their practices as a limited liability company.
Forming a Domestic professional LLC offers several benefits, including limited liability protection, simplified taxation, flexibility in management and ownership, and the ability to attract investors.
Unlike a regular LLC, a Domestic professional LLC is only available to certain licensed professionals. It also requires compliance with industry-specific regulations and may limit the services that can be offered by the business.
Professionals who are licensed to practice in their respective fields, such as doctors, lawyers, accountants, architects, and engineers, can form a Domestic professional LLC in New Hampshire.
Yes, a Domestic professional LLC can have multiple owners, known as members. These members can be professionals within the same field or even professionals from different fields.
No, there is no minimum capital requirement for starting a Domestic professional LLC in New Hampshire. The owners can determine the initial capital contribution based on their own agreement.
A Domestic professional LLC can choose to be taxed as either a partnership or a corporation. Most Domestic professional LLCs elect to be taxed as a pass-through entity, where the profits and losses pass through to the members' individual tax returns.
To form a Domestic professional LLC in New Hampshire, you need to file the necessary formation documents, such as the Certificate of Formation, with the New Hampshire Secretary of State. You also need to comply with any licensing requirements specific to your profession.
Once formed, a Domestic professional LLC in New Hampshire must file an Annual Report and pay the associated fee to the Secretary of State. The LLC must also maintain any necessary professional licenses and adhere to any regulations related to their profession.
Yes, a Domestic professional LLC can convert to a regular LLC by filing the necessary documents with the New Hampshire Secretary of State. It is important to consult with a professional advisor or attorney to ensure a smooth conversion process.
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