Professional Corporation Package for Pennsylvania
About this form package
The Professional Corporation Package for Pennsylvania contains all necessary forms and instructions to incorporate a professional corporation in Pennsylvania. This package differs from other incorporation packages as it is specifically tailored for licensed professionals, ensuring compliance with Pennsylvania's legal requirements for professional corporations.
Forms provided in this package
- Articles of Incorporation for a Pennsylvania Professional Corporation
- Application of Name Reservation
- Annual Minutes for a Pennsylvania Professional Corporation
- Sample Bylaws for a Pennsylvania Professional Corporation
- Sample Corporate Records for a Pennsylvania Professional Corporation
- Organizational Minutes for a Pennsylvania Professional Corporation
- Sample Transmittal Letter for Articles of Incorporation
- Election of 'S' Corporation Status and Instructions - IRS 2553
- I.R.S. Form SS-4 (to obtain your federal identification number)
When to use this form package
This package is useful when you are ready to establish a professional corporation in Pennsylvania, particularly if you are a licensed professional such as a physician, attorney, or accountant. It provides everything needed for state compliance, from reserving a name to applying for a federal tax identification number.
Who needs this form package
- Licensed professionals looking to incorporate their practice.
- Anyone who needs a legally compliant structure for a professional service business.
- Individuals seeking to establish a corporation that meets specific professional standards and regulations.
Instructions for completing these forms
- Review the included forms and check the specific requirements for your professional field.
- Begin with the Application for Reservation of Entity Name to secure a unique name for your corporation.
- Complete the Articles of Incorporation and ensure to include the Docketing Statement.
- Mail the completed forms along with the filing fee to the appropriate Pennsylvania state office.
- Hold an initial meeting to adopt bylaws and appoint officers as outlined in the package.
- Apply for a Federal Tax Identification Number using Form SS-4 as directed.
Notarization requirements for forms in this package
Forms in this package typically do not require notarization. However, certain states or document types may still need it. US Legal Forms provides online notarization powered by Notarize, available 24/7 for your convenience.
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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
- Failing to reserve the corporate name before filing the Articles of Incorporation.
- Omitting necessary information in the Docketing Statement.
- Not publishing the required notice of incorporation as mandated by Pennsylvania law.
Benefits of using this package online
- Convenience of downloading forms instantly from anywhere.
- Editability of forms allows for easy completion and customization.
- Reliability of attorney-drafted forms ensures compliance with legal standards.
Legal use & context
- Professional corporations must comply with Pennsylvania statutes for proper formation.
- Ensures that all shareholders are licensed professionals in their respective fields.
- Establishes a legal structure that protects assets and limits liability for corporate activities.
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FAQ
(b) Additional powers. --A professional corporation may be an equity owner of a partnership, limited liability company, corporation or other association engaged in the business of rendering the professional service or services for which the professional corporation was incorporated.
Professional association (P.A.) An entity recognized as a legal person that is set up to conduct a business of professionals, such as attorneys or doctors.
To start a business in Pennsylvania, you will likely have to pay application and licensing fees. To obtain a Pennsylvania LLC Certificate of Organization, for example, costs about $125. Additional fees might be required if your business is structured as a corporation, sole proprietorship or partnership.
Benefit Corporations are Pennsylvania business corporations organized for profit. Benefit Corporations are very similar to typical corporations; however, beyond pursuing typical business interests, a Benefit Corporation has the additional corporate focus of creating and/ or supporting general public benefits.
Unlike most states, Pennsylvania does not require LLCs to file an annual report.An annual fee of $520 times the number of members of the LLC must be paid.
Choose a corporate name. File Articles of Incorporation. Appoint a registered agent. Prepare corporate bylaws. Appoint directors and hold first board meeting. Issue stock. Comply with other tax and regulatory requirements.
To start an LLC in Pennsylvania you will need to file a Certificate of Organization with the Pennsylvania Department of State, which costs $125. You can apply online or by mail. The Certificate of Organization is the legal document that officially creates your Pennsylvania limited liability company.
Restricted professional services are defined as the following professional services: chiropractic, dentistry, law, medicine and surgery, optometry, osteopathic medicine and surgery, podiatric medicine, public accounting, psychology or veterinary medicine.
Pennsylvania does not require an operating agreement in order to form an LLC, but executing one is highly advisable.The operating agreement does not need to be filed with the state.