New Jersey Pre-incorporation Agreement of Professional Corporation of Attorneys

State:
Multi-State
Control #:
US-01944BG
Format:
Word
Instant download

Description

A corporation may be organized for the business of conducting a profession. These are known as professional corporations. Doctors, attorneys, engineers, and CPAs are the types of profes¬sionals who may form a professional corporation. Usually there is a designation P.A. or P.C. after the corporate name in order to show that this is a professional association or professional corporation.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Pre-incorporation Agreement of Professional Corporation of Attorneys
  • Preview Pre-incorporation Agreement of Professional Corporation of Attorneys
  • Preview Pre-incorporation Agreement of Professional Corporation of Attorneys
  • Preview Pre-incorporation Agreement of Professional Corporation of Attorneys

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FAQ

These professions may include physicians, chiropractors, dentists, veterinarians, physical therapists, pharmacists, registered professional nurses, licensed practical nurses, licensed midwives, podiatrists, optometrists, opticians, engineering and land surveyors, architects, landscape architects, public accountants, ...

And even in that situation the promoter is personally liable for the pre-incorporation contract. Common law doctrine believed that many contracts were made through intermediaries; hence such contracts were to be subject to the law of agency.

Learn How to Form a New Jersey Professional Corporation Choose a name for your New Jersey PC. Select an New Jersey registered agent. Complete your New Jersey Certificate of Incorporation. Establish a corporate record in New Jersey. Designate an New Jersey PC board of directors. Create New Jersey corporate bylaws.

????? Promoter Liability: A promoter is personally liable on contracts made prior to incorporation, unless the other party to the contract agrees to hold the corporation, rather than the promoter, liable. Once the corporation is formed, it may release the promoter and assume liability on the contract through novation.

The general rule is that when a promoter makes a contract for the benefit of a proposed corporation, the promoter is personally liable on the contract, and remains liable even after the corporation is formed.

Promoters are generally held personally liable for pre-incorporation contract. If a company does not ratify or adopt a pre-incorporation contract under the Specific Relief Act, then the common law principle would be applicable and the promoter will be liable for breach of contract.

New Jersey allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC) , which is also called a Professional Association (PA).

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New Jersey Pre-incorporation Agreement of Professional Corporation of Attorneys