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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.
Submit the form, Certificate of Withdrawal Foreign Corporation Application to the SOS. North Dakota allows filing in person, by mail, or by fax. Both withdrawal forms include a credit card payment authorization section that must be completed if you are paying by credit card.
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.
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 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.
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.
An individual resident residing in North Dakota, Another domestic or foreign corporation that is registered with the Secretary of State and has a business office in North Dakota, or. A domestic or foreign limited liability company that is registered with the Secretary of State and has a business office in North Dakota.