Form LI-231 "Professional Corporation (Pc) or Professional Limited Liability Company (Pllc) Application" - Arizona

What Is Form LI-231?

This is a legal form that was released by the Arizona Department of Real Estate - a government authority operating within Arizona. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2019;
  • The latest edition provided by the Arizona Department of Real Estate;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form LI-231 by clicking the link below or browse more documents and templates provided by the Arizona Department of Real Estate.

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Download Form LI-231 "Professional Corporation (Pc) or Professional Limited Liability Company (Pllc) Application" - Arizona

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Professional Corporation (PC)/ Professional Limited Liability Company (PLLC) (LI-231)
Instructions and Application
SUBMIT APPLICATION FORM (PAGE 2) THROUGH THE ADRE ONLINE LICENSING SYSTEM
AT
https://ptl.az.gov/app/dre/
OR BY CLICKING
here
(See Filing Instructions on Page 2)
To become licensed through a Professional Corporation (PC) or a Professional Limited Liability Company (PLLC) or to report any
changes to the PC or PLLC pursuant to A.R.S. § 32-2125(B) and A.A.C. R4-28-303, please review the following information.
A Professional Corporation or a Professional Limited Liability Company is limited to natural person(s), each holding an active status
real estate license as a salesperson or associate broker and may be licensed as one or more salespersons or associate brokers.
The same Employing Broker shall employ a Professional Corporation or Professional Limited Liability Company that comprises more
than two persons, or comprises two persons who are not married to each other. Two licensees who are married to each other and
licensed through a PC or PLLC are not required to be employed by the same employing brokers, even though the PC or PLLC receives
compensation from the other member's broker. All compensation for real estate activity must be paid through the employing
broker.
Designated Brokers (DB): When the applicant for licensure as a Professional Corporation or Professional Limited Liability Company is
as a Designated Broker, membership in the Professional Corporation or Professional Limited Liability Company is limited to the
Designated Broker and cannot include any other person pursuant to A.A.C. R4-28-303 (F). The Department shall not license a
designated broker of a sole proprietorship or partnership as a Professional Corporation or Professional Limited Liability Company.
Name: The Professional Corporation or Professional Limited Liability Company name, through and on behalf of which a salesperson
or broker acts, shall consist of only the full or last name(s) of its shareholder(s) or member(s), and contain the words “Professional
Corporation,” “Professional Limited Liability Company", as applicable, or the abbreviations authorized under A.R.S. § 10-2215 or 29-
845, as applicable, to reflect that it is a Professional Corporation or Professional Limited Liability Company, and shall reflect whether
it comprises one or more licensees (single or plural as in John Smith, P.C. or Smith & Smith, P.C.). A PC or PLLC shall not have a
fictitious name pursuant to R4-28-303. For a Designated Broker, PC/PLLC name shall only consist of the broker’s full or last name,
and words or abbreviation to indicate it is a PC or PLLC.
(A PC OR PLLC CANNOT HAVE OR USE A FICTITIOUS DOING BUSINESS AS (DBA) NAME)
Written disclosure of any changes in the membership of the PC or PLLC must be filed with the Department within 10 days of
occurrence, with supporting documents.
SUBMIT THE FOLLOWING:
Professional Corporation or Professional Limited Liability Company (LI-231) form completed and signed by applicant and
Designated Broker.
A copy of the Articles of Incorporation (PC) or Articles of Organization (PLLC) and any amendments stamped "Filed" by the
Arizona Corporation Commission. If more than one year has elapsed since the date the Articles were filed with the
Corporation Commission and the application is for a license as a Professional Corporation, a certificate of Good Standing
from the Arizona Corporation Commission is required.
When filing as a PLLC and an operating agreement was executed, include a copy of the operating agreement.
A foreign PC or PLLC must also submit a "Filed" copy of the Application of Authority from the Arizona Corporation
Commission.
The Articles of Incorporation/Organization shall state, "The
sole purpose
of the Professional Corporation (or Professional
Limited Liability Company) is to
RENDER PROFESSIONAL REAL ESTATE SERVICES
(or cemetery or membership-camping
services, as applicable).”
Save time – Review the application and make sure it has been signed where required and all supporting documents have been
attached. The application approval decision will be sent to the licensee’s email address or address of record.
LI-231 PC/PLLC INSTRUCTIONS & APPLICATION FORM Rev. 8/2019
Page 1 of 2
Professional Corporation (PC)/ Professional Limited Liability Company (PLLC) (LI-231)
Instructions and Application
SUBMIT APPLICATION FORM (PAGE 2) THROUGH THE ADRE ONLINE LICENSING SYSTEM
AT
https://ptl.az.gov/app/dre/
OR BY CLICKING
here
(See Filing Instructions on Page 2)
To become licensed through a Professional Corporation (PC) or a Professional Limited Liability Company (PLLC) or to report any
changes to the PC or PLLC pursuant to A.R.S. § 32-2125(B) and A.A.C. R4-28-303, please review the following information.
A Professional Corporation or a Professional Limited Liability Company is limited to natural person(s), each holding an active status
real estate license as a salesperson or associate broker and may be licensed as one or more salespersons or associate brokers.
The same Employing Broker shall employ a Professional Corporation or Professional Limited Liability Company that comprises more
than two persons, or comprises two persons who are not married to each other. Two licensees who are married to each other and
licensed through a PC or PLLC are not required to be employed by the same employing brokers, even though the PC or PLLC receives
compensation from the other member's broker. All compensation for real estate activity must be paid through the employing
broker.
Designated Brokers (DB): When the applicant for licensure as a Professional Corporation or Professional Limited Liability Company is
as a Designated Broker, membership in the Professional Corporation or Professional Limited Liability Company is limited to the
Designated Broker and cannot include any other person pursuant to A.A.C. R4-28-303 (F). The Department shall not license a
designated broker of a sole proprietorship or partnership as a Professional Corporation or Professional Limited Liability Company.
Name: The Professional Corporation or Professional Limited Liability Company name, through and on behalf of which a salesperson
or broker acts, shall consist of only the full or last name(s) of its shareholder(s) or member(s), and contain the words “Professional
Corporation,” “Professional Limited Liability Company", as applicable, or the abbreviations authorized under A.R.S. § 10-2215 or 29-
845, as applicable, to reflect that it is a Professional Corporation or Professional Limited Liability Company, and shall reflect whether
it comprises one or more licensees (single or plural as in John Smith, P.C. or Smith & Smith, P.C.). A PC or PLLC shall not have a
fictitious name pursuant to R4-28-303. For a Designated Broker, PC/PLLC name shall only consist of the broker’s full or last name,
and words or abbreviation to indicate it is a PC or PLLC.
(A PC OR PLLC CANNOT HAVE OR USE A FICTITIOUS DOING BUSINESS AS (DBA) NAME)
Written disclosure of any changes in the membership of the PC or PLLC must be filed with the Department within 10 days of
occurrence, with supporting documents.
SUBMIT THE FOLLOWING:
Professional Corporation or Professional Limited Liability Company (LI-231) form completed and signed by applicant and
Designated Broker.
A copy of the Articles of Incorporation (PC) or Articles of Organization (PLLC) and any amendments stamped "Filed" by the
Arizona Corporation Commission. If more than one year has elapsed since the date the Articles were filed with the
Corporation Commission and the application is for a license as a Professional Corporation, a certificate of Good Standing
from the Arizona Corporation Commission is required.
When filing as a PLLC and an operating agreement was executed, include a copy of the operating agreement.
A foreign PC or PLLC must also submit a "Filed" copy of the Application of Authority from the Arizona Corporation
Commission.
The Articles of Incorporation/Organization shall state, "The
sole purpose
of the Professional Corporation (or Professional
Limited Liability Company) is to
RENDER PROFESSIONAL REAL ESTATE SERVICES
(or cemetery or membership-camping
services, as applicable).”
Save time – Review the application and make sure it has been signed where required and all supporting documents have been
attached. The application approval decision will be sent to the licensee’s email address or address of record.
LI-231 PC/PLLC INSTRUCTIONS & APPLICATION FORM Rev. 8/2019
Page 1 of 2
ARIZONA DEPARTMENT OF REAL ESTATE (ADRE)
DOUGLAS A. DUCEY
GOVERNOR
Licensing Division
www.azre.gov
JUDY LOWE
COMMISSIONER
100 North 15th Avenue, Suite 201, Phoenix, Arizona 85007
Professional Corporation (PC) or Professional Limited Liability Company (PLLC) Application
(Form LI-231)
Filing Instructions
1.
Scan completed Form LI-231, Article of Incorporation/Organization, and any Amendments in one (1) PDF document
2.
Log on to the ADRE Online Licensing System at
https://ptl.az.gov/app/dre/
or by clicking
here
3.
If filing an
Original
PC/PLLC Application
If filing a
Change
of PC/PLLC Application
4.
Select Add a PC/PLLC from the Menu
Select Message Center from the Menu, then select Send Message. From the “Subject” box drop down
menu, choose Licensing Sales Application and enter a message directive in the message box
5.
Attach the scanned documents listed in Item 1 above then follow the instructions to submit the application to send the message and attachment
Salesperson/Broker Applicant
Legal Name (Last, First MI)(as licensed)
License #
License Expiration Date
Email
Phone
Fax
Employing Broker Company Name
Employing Broker License #
Print PC or PLLC exactly as it appears on the Articles
Requesting – check () all that apply
Original PC Application
Original PLLC Application
Change PC Member(s) or License
Change PLLC Member(s) or License
Status of one or more members
Status of one or more members
If PC, Copy of Articles of Incorporation stamped
Describe PC Change:
“FILED” by Az. Corporation Commission (attached)
If PLLC, Copy of Articles of Organization stamped
Describe PLLC Change:
“FILED” by Az. Corporation Commission (attached)
Does an Operating Agreement Exist?
No
Yes,
copy attached
Applicant Attestation
I, the Salesperson, or Broker named in this application, becoming licensed through a PC/PLLC, or modifying membership of a PC or PLLC, by my signature below
do:
1.
Affirm that the PC or PLLC name consists only of names as licensed, and meets all requirements of A.R.S. 10-2215 or 29-845, as applicable,
and A.A.C. R4-28-303.
2.
Affirm that all PC or PLLC members are licensed Arizona real estate salesperson or brokers.
3.
Acknowledge that any change of membership requires written notice to the Department within 10 days of the change.
4.
Affirm that if I am the Designated Broker (D.B.), I am the only member of the PC or PLLC, as applicable.
5.
Affirm that the same Employing Broker employs all other members of the PC/PLLC; (OR) the only other member is my spouse, who is an Arizona licensed
salesperson or broker employed by another Employing Broker (as applicable).
6.
Acknowledge that compensation for real estate activities shall only be paid by the Employing Broker to/through the PC or PLLC, as applicable.
7.
Acknowledge that the PC or PLLC is not a real estate business independent of the employing broker referenced above and is for compensation purposes
only.
8.
Attest that all the information herein is true.
Applicant Signature ____________________________________________________________ Date _______________________________________
Designated Broker (DB) Signature _________________________________________________________ Date _____________________________________________
(Acknowledgment by Signature if DB is not applicant)
FOR DEPARTMENT USE ONLY
Effective Date
Date Stamp
Receipt
Input Date
Time Frames
TF 1
TF 2
Processed By
LI-231 PC/PLLC INSTRUCTIONS & APPLICATION FORM Rev. 8/2019
Page 2 of 2
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