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A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional services?such as doctors, lawyers, accountants, consultants, and architects.
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.
Most states limit the type of people who may create a professional corporation; in general, these corporations are limited to accountants, engineers, physicians and other healthcare professionals, lawyers, veterinarians, and social workers. The purpose of the corporation must be to provide professional services.
490.1106 Articles of merger or share exchange.
A corporation is formed by submitting an Articles of Incorporation document to the Secretary of State, pursuant to Iowa Code Chapter 490. You may submit this file through the Fast Track Filing website. The cost to form a profit corporation is $50.
Iowa allows professionals, such as accountants, attorneys and physicians to form a professional corporation (PC).