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.
Washington Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the specific terms and conditions that need to be met before incorporating a professional corporation of attorneys in the state of Washington. This agreement serves as a blueprint for attorneys looking to establish a professional corporation and helps to ensure compliance with state laws and regulations. The Washington Pre-incorporation Agreement of Professional Corporation of Attorneys contains various provisions that lay out the structure and governance of the corporation. It typically includes details such as the corporation's name, purpose, and duration. Additionally, it outlines the rights and responsibilities of shareholders, directors, and officers within the corporation. Some key components that may be included in the agreement are: 1. Name and Purpose: The agreement specifies the proposed name of the professional corporation, ensuring that it complies with Washington state law. It also outlines the purpose of the corporation, which may include providing legal services, representation, or advice. 2. Shareholders and Ownership: This section addresses the ownership rights and responsibilities of shareholders. It explains the classes of shares and the distribution of stock among the attorneys involved. This provision may also include provisions related to voting rights, restrictions on stock transferability, and procedures for buying or selling shares. 3. Governance and Management: The agreement outlines the structure of the corporation's governance and management. It may include provisions regarding the selection of directors and officers, terms of office, and decision-making processes. This section often includes restrictions on conflicts of interest and ethical obligations of the attorneys involved. 4. Liability and Indemnification: Given the nature of legal practice, the agreement may address liability and indemnification of shareholders, directors, and officers. It typically includes provisions to protect individuals involved from personal liability for the corporation's debts and obligations within the limits allowed by law. 5. Dissolution and Termination: This section covers the procedures and requirements for dissolution or termination of the professional corporation. It may include provisions related to the distribution of assets, winding up operations, and procedures for notifying relevant state authorities. It is important to note that the specific content and provisions of the Washington Pre-incorporation Agreement of Professional Corporation of Attorneys may vary depending on the unique requirements and goals of the attorneys involved. Attorneys may consult legal professionals or utilize templates provided by the Washington Secretary of State's office to draft the agreement accurately. Different types or variations of the Washington Pre-incorporation Agreement of Professional Corporation of Attorneys may exist based on the specific legal specialization or focus of the attorneys involved. However, the core content and framework of the agreement will generally remain the same across various professional legal practices.Washington Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the specific terms and conditions that need to be met before incorporating a professional corporation of attorneys in the state of Washington. This agreement serves as a blueprint for attorneys looking to establish a professional corporation and helps to ensure compliance with state laws and regulations. The Washington Pre-incorporation Agreement of Professional Corporation of Attorneys contains various provisions that lay out the structure and governance of the corporation. It typically includes details such as the corporation's name, purpose, and duration. Additionally, it outlines the rights and responsibilities of shareholders, directors, and officers within the corporation. Some key components that may be included in the agreement are: 1. Name and Purpose: The agreement specifies the proposed name of the professional corporation, ensuring that it complies with Washington state law. It also outlines the purpose of the corporation, which may include providing legal services, representation, or advice. 2. Shareholders and Ownership: This section addresses the ownership rights and responsibilities of shareholders. It explains the classes of shares and the distribution of stock among the attorneys involved. This provision may also include provisions related to voting rights, restrictions on stock transferability, and procedures for buying or selling shares. 3. Governance and Management: The agreement outlines the structure of the corporation's governance and management. It may include provisions regarding the selection of directors and officers, terms of office, and decision-making processes. This section often includes restrictions on conflicts of interest and ethical obligations of the attorneys involved. 4. Liability and Indemnification: Given the nature of legal practice, the agreement may address liability and indemnification of shareholders, directors, and officers. It typically includes provisions to protect individuals involved from personal liability for the corporation's debts and obligations within the limits allowed by law. 5. Dissolution and Termination: This section covers the procedures and requirements for dissolution or termination of the professional corporation. It may include provisions related to the distribution of assets, winding up operations, and procedures for notifying relevant state authorities. It is important to note that the specific content and provisions of the Washington Pre-incorporation Agreement of Professional Corporation of Attorneys may vary depending on the unique requirements and goals of the attorneys involved. Attorneys may consult legal professionals or utilize templates provided by the Washington Secretary of State's office to draft the agreement accurately. Different types or variations of the Washington Pre-incorporation Agreement of Professional Corporation of Attorneys may exist based on the specific legal specialization or focus of the attorneys involved. However, the core content and framework of the agreement will generally remain the same across various professional legal practices.
