North Carolina General Statutes Chapter 55B. Professional Corporation Act § 55B-4. Formation of corporation

A professional corporation under this Chapter may be formed pursuant to the provisions of Chapter 55, the North Carolina Business Corporation Act, with the following limitations:

(1) At least one incorporator shall be a “licensee” as hereinabove defined in G.S. 55B-2(2) .

(2) All of the shares of stock of the corporation shall be owned and held by a licensee, or licensees, as hereinabove defined in G.S. 55B-2(2) , except as otherwise permitted in G.S. 55B-6 .

(3) At least one director and one officer shall be a “licensee” as hereinabove defined in G.S. 55B-2(2) .

(4) The articles of incorporation, in addition to the requirements of Chapter 55, shall designate the personal services to be rendered by the professional corporation and shall be accompanied by a certification by the appropriate licensing board that the ownership of the shares of stock is in compliance with the requirements of G.S. 55B-4(2) and G.S. 55B-6 .


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