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Sample Corporate Records for an Arkansas Professional Corporation

Sample Corporate Records for an Arkansas Professional Corporation

Name: Sample Corporate Records for an Arkansas Professional Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.55 (372 reviews)

Category:

Arkansas Corporations - Professional - Corporate Records

State:

Arkansas

Control #:

AR-PC-CR

Format:

Instant download

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Description

Sample Corporate Notices of Meetings, Resolutions, Simple Stock Ledger & Certificate.

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FAQ

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.

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

An Arkansas corporation is formed by filing articles of incorporation with the Secretary of State. Once you have filed the articles, the corporation formally exists. The articles of incorporation may contain many provisions, but they must include the following: Name of the corporation.

Professional corporationslike traditional corporationscan take two forms: S Corps or C Corps.However, owners typically have the option to elect for S Corp status by completing and submitting IRS form 2553: Election by a Small Business Corporation.

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.

Step 1: Name Your Arkansas Corporation. Step 2: Choose a Registered Agent. Step 3: Hold an Organizational Meeting. Step 4: File the Articles of Incorporation. Step 5: Get an EIN.

The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized according to the laws of the state where the professional is licensed to practice.

You can file a Doing Business Under an Assumed Name Certificate at any local county clerk office. In addition to registering with the county clerk, domestic corporations must also register fictitious names with the Arkansas Secretary of State.

Sample Corporate Records for an Arkansas Professional Corporation

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