Sample Corporate Records for an Oregon Professional Corporation
Overview of this form
The Sample Corporate Records for an Oregon Professional Corporation provides essential documentation for managing a professional corporation in Oregon. This form includes notices of meetings, resolutions, a simple stock ledger, and stock certificates, allowing corporations to maintain proper corporate governance and ensure compliance with legal requirements. This differs from other corporate forms by specifically catering to the needs of professional corporations in Oregon and providing standardized templates for crucial corporate actions.
Key components of this form
- Notice of Special Meeting of Directors
- Notice of Annual Meeting of Directors
- Notice of Special Meeting of Shareholders
- Notice of Annual Meeting of Shareholders
- Resolution of the Shareholders
- Resolution of the Directors
- Waiver of Notice of Meeting by Directors
- Waiver of Notice of Meeting by Shareholders
- Simple Stock Transfer Ledger
- Simple Stock Certificate
When to use this document
This form should be used when a professional corporation in Oregon needs to document meetings and resolutions to comply with state laws. Use this form for scheduling director and shareholder meetings, recording decisions made during these meetings, managing stock transfers, and issuing stock certificates to shareholders.
Who needs this form
- Owners of a professional corporation in Oregon
- Corporate secretaries responsible for maintaining corporate records
- Directors and shareholders looking to document meetings and resolutions
- Legal professionals assisting clients in corporate compliance
How to prepare this document
- Enter the name of the corporation and date for each notice or resolution.
- Specify the time and address of the meeting.
- State the purpose of the meeting clearly.
- Collect signatures from the necessary directors or shareholders as indicated.
- Maintain copies of all completed documents in the corporate records.
Notarization guidance
Notarization is not commonly needed for this form. However, certain documents or local rules may make it necessary. Our notarization service, powered by Notarize, allows you to finalize it securely online anytime, day or night.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to provide adequate notice to all directors or shareholders.
- Not specifying the purpose of the meeting clearly.
- Missing signatures on resolutions or waivers.
- Not keeping proper copies of all documents for corporate records.
Advantages of online completion
- Instant access to professionally drafted templates, saving time on document preparation.
- Editable formats allow for customization to meet specific needs.
- Secure and organized storage of your corporate records.
- Availability of legal forms anytime, ensuring you can manage your corporate obligations promptly.
Legal use & context
- This form establishes a record of important corporate actions, providing legal protection for the decisions documented.
- Failure to properly maintain these records can result in penalties or complications for the corporation.
- Ensures compliance with Oregon corporate governance laws, fostering trust among shareholders and directors.
Summary of main points
- The form is essential for documenting corporate meetings and decisions in Oregon.
- It includes various notices, resolutions, and stock certificates necessary for compliance.
- Proper completion and maintenance of these records help protect corporate interests and comply with state law.
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FAQ
A professional corporation is one that only performs services in one, single profession. It is a specific type of corporation for professionals like doctors, lawyers, accountants, etc. The professional is able to form a corporation, but the professional remains liable for his or her own actions.
C Corps vs. While traditional corporations their professional corporations are mostly similar, there is one key difference: with professional corporations (such as C Corps), owners are protected from legal claims made against their business, unless the claim was a result of the owner's own mistake.
Most importantly, a professional corporation is classified as a regular or "C" corporation by the Internal Revenue Service. The corporation is considered a taxpayer under Subchapter C of the tax code and must file an annual federal income tax return and pay taxes on net income at a corporate tax rate.
Professional Corporation Taxes A PC must file a professional corporation tax return and pay taxes on its earnings.PCs are subject to a 35% flat federal tax rate on their corporate earnings, which can be a disadvantage since C corporations are taxed at 15 to 34% for their earnings below $100,000.
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
A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.
Taxation of Professional Corporations The professional corporation is taxed at a flat rate of 21%, instead of a graduated scale. The taxation rate is similar to the flat tax rate imposed on US resident corporations by the IRS.
With limited exceptions, a business that renders professional services cannot operate as a Limited Liability Company (LLC). Professional services are those that require licensing, registration, or certification under the Business and Professions Code.
A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.
