Articles of Incorporation and cover letter for a Florida Professional Corporation. File this document with the Secretary of State to establish a Professional Corporation.
Florida Professional Corporation Formation: A Comprehensive Guide When it comes to establishing a professional corporation in Florida, it is crucial to understand the process and requirements involved. A professional corporation (PC) is a specific type of business entity formed by individuals belonging to certain professions, such as doctors, lawyers, architects, and engineers. By forming a professional corporation, professionals can limit their personal liability while enjoying the benefits of corporate structure. In Florida, the rules governing professional corporation formation are outlined in the state's statutes, specifically the Florida Revised Professional Corp. Act (Chapter 621). Forming a professional corporation in Florida involves several essential steps. First and foremost, professionals must ensure that they are eligible to form a professional corporation by obtaining the necessary licenses and qualifications to offer professional services in their chosen field. Once eligibility is confirmed, professionals can proceed with the following steps: 1. Name Reservation: Choose a unique and distinguishable name for your professional corporation. It must include a corporate identifier, such as "Professional Association," "P.A.," or "Chartered." 2. Articles of Incorporation: Prepare and file the articles of incorporation with the Florida Department of State. These articles should include details like the corporation's name, the profession it aims to practice, the duration of the corporation, the name and address of the registered agent, and a statement regarding its purpose. 3. Shareholder Requirements: Professional corporations in Florida must have at least one shareholder, who must be a licensed professional in the respective field of the corporation. 4. Board of Directors: Appoint a board of directors responsible for overseeing corporate operations and making strategic decisions. At least one director must be a licensed professional in the relevant field. 5. Registered Agent: Designate a registered agent residing in Florida, responsible for accepting legal documents and official communication on behalf of the corporation. 6. Professional Regulation: Compliance with professional regulations is imperative for professional corporations. License numbers and specific disclosures must be provided in compliance with the respective governing professional board. Types of Florida Professional Corporation Formation: 1. Medical Professional Corporation: Physicians, surgeons, dentists, chiropractors, and other healthcare professionals can establish medical professional corporations to provide healthcare services. 2. Legal Professional Corporation: Lawyers and attorneys may form legal professional corporations to offer legal services while maintaining limited personal liability. 3. Architectural and Engineering Professional Corporation: This category includes professionals in architecture, engineering, landscape architecture, and related fields who wish to practice their respective professions within a corporate structure. 4. Accounting Professional Corporation: Certified public accountants (CPA's) can opt for this type of professional corporation, aimed at providing accounting, tax, and financial services. 5. Veterinary Professional Corporation: Veterinarians can establish veterinary professional corporations to offer specialized veterinary care while enjoying certain liability protections. It is important to note that forming a professional corporation in Florida may involve additional requirements depending on the chosen profession. Consulting with a qualified attorney or professional advisor is highly recommended ensuring compliance with all legal and regulatory obligations, as well as to tailor the formation process according to individual needs.