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 District of Columbia Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that establishes the terms and conditions of forming a professional corporation for practicing attorneys in the District of Columbia. This agreement outlines the obligations, rights, and responsibilities of the attorneys involved before the corporation is officially incorporated. Keywords: District of Columbia, pre-incorporation agreement, professional corporation, attorneys, legal document, terms and conditions, practicing attorneys, obligations, rights, responsibilities, incorporation. There are several types of District of Columbia Pre-incorporation Agreement of Professional Corporation of Attorneys, and they vary depending on the specific needs and preferences of the attorneys involved. These types may include: 1. General Pre-incorporation Agreement: This is the standard agreement that outlines the basic terms and conditions for forming a professional corporation. It covers issues such as ownership structure, management responsibilities, profit distribution, and liability protection. 2. Financial Arrangement Agreement: This type of agreement focuses on establishing the financial arrangements within the professional corporation. It addresses matters such as capital contributions, profit-sharing ratios, and dividend distribution among the attorneys. 3. Non-Compete Agreement: Attorneys may choose to include a non-compete clause in their pre-incorporation agreement, which restricts the participating attorneys from practicing in the same area of law or region after the dissolution of the professional corporation. 4. Succession Agreement: In case one or more attorneys leave or retire, a succession agreement is included in the pre-incorporation agreement to outline the procedures for replacing or transferring their shares or ownership interests within the professional corporation. 5. Dissolution Agreement: This agreement addresses the process and procedures to be followed when dissolving the professional corporation. It includes provisions on the distribution of assets, settling any outstanding debts or liabilities, and the steps to be taken to ensure a proper closure of the business. It is essential for attorneys considering forming a professional corporation in the District of Columbia to consult with a knowledgeable legal professional to draft a comprehensive pre-incorporation agreement tailored to their specific needs and circumstances.The District of Columbia Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that establishes the terms and conditions of forming a professional corporation for practicing attorneys in the District of Columbia. This agreement outlines the obligations, rights, and responsibilities of the attorneys involved before the corporation is officially incorporated. Keywords: District of Columbia, pre-incorporation agreement, professional corporation, attorneys, legal document, terms and conditions, practicing attorneys, obligations, rights, responsibilities, incorporation. There are several types of District of Columbia Pre-incorporation Agreement of Professional Corporation of Attorneys, and they vary depending on the specific needs and preferences of the attorneys involved. These types may include: 1. General Pre-incorporation Agreement: This is the standard agreement that outlines the basic terms and conditions for forming a professional corporation. It covers issues such as ownership structure, management responsibilities, profit distribution, and liability protection. 2. Financial Arrangement Agreement: This type of agreement focuses on establishing the financial arrangements within the professional corporation. It addresses matters such as capital contributions, profit-sharing ratios, and dividend distribution among the attorneys. 3. Non-Compete Agreement: Attorneys may choose to include a non-compete clause in their pre-incorporation agreement, which restricts the participating attorneys from practicing in the same area of law or region after the dissolution of the professional corporation. 4. Succession Agreement: In case one or more attorneys leave or retire, a succession agreement is included in the pre-incorporation agreement to outline the procedures for replacing or transferring their shares or ownership interests within the professional corporation. 5. Dissolution Agreement: This agreement addresses the process and procedures to be followed when dissolving the professional corporation. It includes provisions on the distribution of assets, settling any outstanding debts or liabilities, and the steps to be taken to ensure a proper closure of the business. It is essential for attorneys considering forming a professional corporation in the District of Columbia to consult with a knowledgeable legal professional to draft a comprehensive pre-incorporation agreement tailored to their specific needs and circumstances.
