The Missouri Affidavit of Foreign Professional Corporation is a document used by professional corporations which are incorporated in other states or countries but which do business in Missouri. It is a statement that the foreign professional corporation is authorized to practice professional services in Missouri and that it is in compliance with state laws and regulations. It must include the name and address of the foreign professional corporation, the names of its officers, the name of the professional service it provides, and the duration of the corporation's authorization. The two types of Missouri Affidavit of Foreign Professional Corporation are the Initial Affidavit and the Renewal Affidavit. The Initial Affidavit must be filed with the Secretary of State within 60 days of the initial doing business in Missouri. The Renewal Affidavit is filed annually thereafter to keep the foreign professional corporation’s registration in good standing.
Missouri Affidavit of Foreign Professional Corporation
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FAQ
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 ing to the laws of the state where the professional is licensed to practice.
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.
A professional corporation is organized to carry out one or more professional services, and the shareholders of the professional corporation must be licensed or authorized to practice a certain profession, which includes accountants, architects, engineers, attorneys, dentists, physicians, veterinarians, real estate
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
Professional corporation. noun. : a corporation organized by one or more licensed individuals (as a doctor, dentist, or physical therapist) especially for the purpose of providing professional services and obtaining tax advantages. abbreviation PC.
A foreign Missouri Corporation is an INC originally formed in another state that registers to do business in Missouri. The process of registering a foreign Corporation in Missouri is called foreign qualification.