This form package provides the forms necessary to form a professional corporation for the practice of a licensed profession in the State of Georgia.
Professional Corporation Package for Georgia
Category:
State:
Georgia
Control #:
GA-00INC2
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How to fill out Professional Corporation Package For Georgia?
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FAQ
A Georgia Professional Corporation may render Professional Services in the state of Georgia only through individuals licensed or otherwise authorized in Georgia to render the specific Professional Service.
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 according to the laws of the state where the professional is licensed to practice.
Professional corporationslike traditional corporationscan take two forms: S Corps or C Corps.However, owners typically have the option to elect for S Corp status by completing and submitting IRS form 2553: Election by a Small Business Corporation.
Professional corporations or professional service corporation (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and physicians
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.
A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.
Choose a corporate name. File Articles of Incorporation. Appoint a registered agent. Prepare corporate bylaws. Appoint directors and hold first board meeting. Issue stock. File annual registration. Comply with other tax and regulatory requirements.
It costs $100 (plus an additional $50 for the state's Initial Report for a total of $150) to file your Articles of Incorporation with the Georgia Corporations Division. You can file the document online or by mail.