Professional Corporation Bylaws With Board

State:
California
Control #:
CA-PC-BL
Format:
Word; 
Rich Text
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Description

The California Professional Corporation Bylaws provide a framework for the governance and operation of a professional corporation in California. Key features include the establishment of the corporation's name and location, guidelines for shareholder meetings, and details regarding the board of directors. Specific provisions cover the election of directors, their qualifications as licensed professionals, and the structure of regular and special meetings. The bylaws also outline the roles and responsibilities of corporate officers and the procedures for entering into contracts, managing finances, and transferring shares. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it helps ensure compliance with state regulations while also facilitating efficient corporate governance. Emphasizing the requirement that all shareholders and directors must be licensed professionals, these bylaws serve as essential documentation for maintaining operational legitimacy—making them a critical resource for legal and business professionals involved in corporate management.
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  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation
  • Preview Sample Bylaws for a California Professional Corporation

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FAQ

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.

The corporation will be required to have its own Employer Identification Number (EIN). Additionally, payroll taxes are a necessity for non-owner employees. The IRS also requires that the professional corporation issue a Form K-1 to all owners of the corporation for their individual tax returns.

Bylaws document the rules for how the corporation shall be governed. Resolutions are prepared as needed to document important decisions and actions taken by the board of directors on behalf of the corporation.

Bylaws are not the same as articles of incorporation?the articles are a short document filed with your state to form your business. Bylaws are a longer, more detailed, internal document. Both for-profit and nonprofit corporations should have bylaws.

In California, you're required to form a professional corporation if you provide professional services that require a license, certification, or registration.

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Professional Corporation Bylaws With Board