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Board approval, either by written consent or at a board meeting (for more about the differences between board consents and board meetings, please see our article), is required for every issuance of a security, whether that security is common stock, preferred stock, a warrant, an option or a note that is convertible ...
Incorporators sign the articles of incorporation and deliver them to the state for filing, together with the state required filing fee.
While regular corporations absolve shareholders from personal liability, professional corporations allow professionals to enjoy the benefit of corporations, while only limiting their personal liability in certain situations.
In order to form a professional corporation, the shareholders must be licensed professionals in their respective fields. This requirement does not apply to a regular corporation. A corporation is taxed as a separate entity, with the potential for double taxation if dividends are paid out to shareholders.
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 ...
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.
Learn How to Form a Missouri Professional Corporation Choose a name for your Missouri PC. Select an Missouri registered agent. Complete your Missouri Certificate of Incorporation. Establish a corporate record in Missouri. Designate an Missouri PC board of directors. Create Missouri corporate bylaws.