By-laws describe the agreed rules governing the operations of the Professional Corporation.
Ca Professional Corporation California With Multiple Members
Category:
State:
California
Control #:
CA-PC-BL
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Sample Bylaws For A California Professional Corporation?
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FAQ
In general, corporations in California must have at least three directors on their board unless the company has less than three shareholders.
A professional corporation is one that only performs services in one, single profession. It is a specific type of corporation for professionals like doctors, lawyers, accountants, etc. The professional is able to form a corporation, but the professional remains liable for his or her own actions.
Members of certain professions, such as lawyers, doctors, accountants, and engineers, may form a California professional corporation (also known as a ?PC?). Typically, these types of entities provide services only through licensed professionals.
There is no limit on the number of shareholders in a C-Corporation. However, in California, if you wish your corporation to be exempt from SEC filing requirements, there is a maximum of 35 shareholders (along with other requirements). Some additional advantages of a C-Corporation include: Attracting employees.
There is no maximum number of shareholders a company can have.