Massachusetts Professional Corporation Package for Massachusetts
What is this form package?
The Massachusetts Professional Corporation Package provides all necessary forms and instructions for establishing a professional corporation in Massachusetts. Unlike standard corporate formation packages, this package is specifically tailored for licensed professionals and includes articles of incorporation, bylaws, and other essential documents required for compliance with the state's legal framework. This package ensures that you adhere to regulations governing professional services in Massachusetts, making it a comprehensive resource for your incorporation needs.
Forms provided in this package
- Articles of Organization for Professional Corporation
- Application of Name Reservation
- Annual Minutes for a Massachusetts Professional Corporation
- Sample Bylaws for a Massachusetts Professional Corporation
- Sample Corporate Records for a Massachusetts Professional Corporation
- Organizational Minutes for a Professional Corporation
- Sample Transmittal Letter for Articles of Organization
- Election of 'S' Corporation Status and Instructions - IRS 2553
- I.R.S. Form SS-4 (to obtain your federal identification number)
Common use cases
This package is ideal for individuals or entities looking to form a professional corporation in Massachusetts. You should consider using this form package when:
- You want to establish a business entity for a licensed profession, such as law, medicine, or accounting.
- You have received approval from your professional regulatory board to incorporate.
- You are ready to comply with state laws regarding the formation and operation of a professional corporation.
Who this form package is for
- Licensed professionals in fields such as healthcare, law, or accounting.
- Individuals looking to operate under a professional business structure.
- Shareholders or partners intending to create a professional corporation in Massachusetts.
Steps to complete these forms
- Review the included forms for completeness and accuracy.
- Reserve a corporate name through the Application for Reservation of Entity Name (Form MA-NAMERESV).
- Complete the Articles of Organization (Form MA-00INCP) along with the required regulatory board certificate.
- Mail the necessary forms and fees to the Secretary of the Commonwealth.
- Conduct an initial meeting to adopt bylaws and elect directors, using the provided sample organizational minutes and bylaws.
- Apply for a Federal Tax Identification Number using Form IRS-SS-4, if required.
Do forms in this package need to be notarized?
Forms in this package typically do not require notarization unless specified by local law. It is advisable to consult your regulatory board or legal advisor to ensure compliance with any specific requirements related to your professional practice.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Forgetting to reserve the corporate name, leading to rejection of the Articles of Organization.
- Not obtaining necessary regulatory board approval before filing.
- Inaccurate completion of forms, which can delay the incorporation process.
- Missing signature(s) or original documentation when submitting filings.
Advantages of online completion
- Convenient access to up-to-date forms tailored for Massachusetts.
- Editable formats available, allowing you to complete forms directly on your computer.
- Guidance throughout the process, ensuring compliance with state laws and regulations.
- Quick downloading capability, enabling immediate use of forms.
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FAQ
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.
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.
Choose a corporate structure. Check Name Availability. Appoint a Registered Agent. File Massachusetts Articles of Incorporation. Establish Bylaws & Corporate Records. Appoint Initial Directors. Hold Organizational Meeting. Issue Stock Certificates.
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 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.
Top 5 Tips on Registering a Business in Massachusetts LLCs pay a $500 formation fee and $500 annual report fee. Most corporations pay only $275 to get started then $125 per year. Massachusetts registered agent and resident agent are synonymous.
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.
Choose a corporate name. File your Articles of Incorporation. Appoint a registered agent. Start a corporate records book. Prepare corporate bylaws. Appoint initial directors. Hold first Board of Directors meeting. Issue stock to shareholders.
How much does it cost to form a corporation in Massachusetts? You can register your business name with the Massachusetts Secretary of the Commonwealth Corporations Division for $30. To file your Articles of Incorporation, the Massachusetts Secretary of the Commonwealth Corporations Division charges a $275 filing fee.