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.
The Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions for forming a professional corporation in Oregon specifically for attorneys. This agreement is vital for attorneys who wish to establish a separate legal entity to practice law and avail the benefits of limited liability protection. The main purpose of the Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys is to establish the framework for the corporation and ensure compliance with Oregon state laws and regulations governing professional corporations in the legal field. It includes key information such as the corporation's name, the names and addresses of the shareholders, the purpose of the corporation, and the rights and responsibilities of the shareholders. Within the realm of Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys, there may be several types or variations of agreements, each catering to specific needs or circumstances: 1. Standard Pre-incorporation Agreement: This is the basic agreement that outlines the core provisions necessary for forming a professional corporation of attorneys in Oregon. It covers the essential elements required for compliance with state laws, such as shareholder rights, liabilities, and profit sharing. 2. Customized or Tailored Agreement: Attorneys may choose to create a customized pre-incorporation agreement based on their specific requirements. This type of agreement can incorporate additional provisions or modifications to suit the needs of the attorneys involved, such as specific voting rights, decision-making procedures, or non-compete clauses. 3. Agreements for Multi-Shareholder Corporations: In cases where there are multiple shareholders or partners involved, a separate type of pre-incorporation agreement may be necessary. This agreement will address issues related to shareholder rights, voting procedures, profit distribution, and dispute resolution mechanisms. 4. Buy-Sell Agreement: A buy-sell agreement is an essential supplement to the pre-incorporation agreement, which addresses scenarios like retirement, death, or voluntary withdrawal of a shareholder. This agreement outlines the procedures and terms for the buyout of shares, including valuation methods and payment terms. When drafting an Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys, it is crucial to consult with an attorney experienced in Oregon corporate law and ensure compliance with all relevant regulations. This agreement serves as a foundational document for the professional corporation and plays a vital role in ensuring the smooth functioning and long-term success of the firm.The Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions for forming a professional corporation in Oregon specifically for attorneys. This agreement is vital for attorneys who wish to establish a separate legal entity to practice law and avail the benefits of limited liability protection. The main purpose of the Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys is to establish the framework for the corporation and ensure compliance with Oregon state laws and regulations governing professional corporations in the legal field. It includes key information such as the corporation's name, the names and addresses of the shareholders, the purpose of the corporation, and the rights and responsibilities of the shareholders. Within the realm of Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys, there may be several types or variations of agreements, each catering to specific needs or circumstances: 1. Standard Pre-incorporation Agreement: This is the basic agreement that outlines the core provisions necessary for forming a professional corporation of attorneys in Oregon. It covers the essential elements required for compliance with state laws, such as shareholder rights, liabilities, and profit sharing. 2. Customized or Tailored Agreement: Attorneys may choose to create a customized pre-incorporation agreement based on their specific requirements. This type of agreement can incorporate additional provisions or modifications to suit the needs of the attorneys involved, such as specific voting rights, decision-making procedures, or non-compete clauses. 3. Agreements for Multi-Shareholder Corporations: In cases where there are multiple shareholders or partners involved, a separate type of pre-incorporation agreement may be necessary. This agreement will address issues related to shareholder rights, voting procedures, profit distribution, and dispute resolution mechanisms. 4. Buy-Sell Agreement: A buy-sell agreement is an essential supplement to the pre-incorporation agreement, which addresses scenarios like retirement, death, or voluntary withdrawal of a shareholder. This agreement outlines the procedures and terms for the buyout of shares, including valuation methods and payment terms. When drafting an Oregon Pre-incorporation Agreement of Professional Corporation of Attorneys, it is crucial to consult with an attorney experienced in Oregon corporate law and ensure compliance with all relevant regulations. This agreement serves as a foundational document for the professional corporation and plays a vital role in ensuring the smooth functioning and long-term success of the firm.
