Statutes have been enacted in various jurisdictions setting forth requirements as to the form and manner of execution of the constitution or articles of association, and the bylaws, of an association or club. If the drafter does not comply with such formalities, the documents may not be accepted for filing by the designated public officer, and the existence of the association or club as a legal entity will not be recognized. In some jurisdictions, the constitution or articles of association, and the bylaws, must be executed properly. Execution generally implies the signing of the instruments by the proper officers or other parties, in conformity to the requirements of the governing statute.
Statutes in some jurisdictions require that the constitution or articles of association, and the bylaws, be acknowledged or verified. In some jurisdictions, it is required by statute that the constitution or articles of association be recorded, particularly where the association or club owns real property or any interest in real property.
Mississippi Articles of Association of a Professional Association
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US-02825BG
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How to fill out Articles Of Association Of A Professional Association?
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FAQ
A professional association is Corporation formed with the single purpose of providing a specific professional service. These professional services are commonly medicine, law, accounting, etc.
§ 79-29-1015 - Transactions not constituting transacting business.
For the majority of states, the phrase ?professional association? is simply another way to reference a professional corporation. Thus, most ?professional associations? are, in-fact, merely professional corporations.
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.
For the majority of states, the phrase ?professional association? is simply another way to reference a professional corporation. Thus, most ?professional associations? are, in-fact, merely professional corporations.
Depending on the individual state, shareholders in this type of corporation must be licensed in law, medicine, architecture, or another professional service. They are also governed by special liability laws. The IRS categorizes professional corporations as C corporations.
New Jersey allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC) , which is also called a Professional Association (PA).