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 Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the initial agreements and details necessary for the formation of a professional corporation in the state of Kansas. This agreement is specifically tailored to attorneys who intend to establish a professional corporation to practice law. Keywords: Kansas, pre-incorporation agreement, professional corporation, attorneys, legal document, formation, practice law. Key Sections and Details in the Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys: 1. Purpose and Name: This section will specify the purpose of the professional corporation, which is usually the practice of law. It will also outline the desired name and any alternate names being considered for the corporation, ensuring compliance with the relevant laws and regulations. 2. Incorporates and Directors: This part of the agreement lists the names and contact information of all incorporates, who are typically the attorneys forming the corporation. It also covers the appointment and roles of initial directors of the corporation. 3. Capital Contributions: This section outlines the initial capital contributions made by each attorney and the percentage of ownership they would have in the professional corporation. It may also specify the method of determining future capital contributions. 4. Shares and Stock Issuance: In this segment, the agreement describes the authorized shares of the corporation and the conditions under which stock may be issued to attorneys as shareholders. It may include provisions on transferring shares or selling them upon retirement or departure. 5. Rights and Duties of Shareholders: This part defines the rights, responsibilities, and voting powers of shareholders within the professional corporation. It may address matters such as voting on important decisions, receiving dividends, attending shareholder meetings, and more. 6. Management and Governance: This section determines the governance structure of the corporation, including the appointment of officers, their roles and responsibilities, decision-making procedures, and potential committees within the corporation. 7. Indemnification: This section provides the corporation's indemnification policy, which outlines the extent to which the professional corporation will protect its directors and officers from liability while acting on behalf of the corporation. 8. Dissolution and Liquidation: The agreement may cover the procedures for dissolution and liquidation of the professional corporation, including the distribution of assets and any liabilities. Different Types of Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys: While there may not be different "types" of Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys, the content and clauses within the agreement may vary based on the specific needs and preferences of the attorneys involved. Attorneys may choose to customize the agreement to reflect their unique circumstances, such as incorporating specific arbitration or dispute resolution clauses, specifying non-compete clauses, or including provisions for adding new shareholders or attorneys to the corporation in the future.The Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the initial agreements and details necessary for the formation of a professional corporation in the state of Kansas. This agreement is specifically tailored to attorneys who intend to establish a professional corporation to practice law. Keywords: Kansas, pre-incorporation agreement, professional corporation, attorneys, legal document, formation, practice law. Key Sections and Details in the Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys: 1. Purpose and Name: This section will specify the purpose of the professional corporation, which is usually the practice of law. It will also outline the desired name and any alternate names being considered for the corporation, ensuring compliance with the relevant laws and regulations. 2. Incorporates and Directors: This part of the agreement lists the names and contact information of all incorporates, who are typically the attorneys forming the corporation. It also covers the appointment and roles of initial directors of the corporation. 3. Capital Contributions: This section outlines the initial capital contributions made by each attorney and the percentage of ownership they would have in the professional corporation. It may also specify the method of determining future capital contributions. 4. Shares and Stock Issuance: In this segment, the agreement describes the authorized shares of the corporation and the conditions under which stock may be issued to attorneys as shareholders. It may include provisions on transferring shares or selling them upon retirement or departure. 5. Rights and Duties of Shareholders: This part defines the rights, responsibilities, and voting powers of shareholders within the professional corporation. It may address matters such as voting on important decisions, receiving dividends, attending shareholder meetings, and more. 6. Management and Governance: This section determines the governance structure of the corporation, including the appointment of officers, their roles and responsibilities, decision-making procedures, and potential committees within the corporation. 7. Indemnification: This section provides the corporation's indemnification policy, which outlines the extent to which the professional corporation will protect its directors and officers from liability while acting on behalf of the corporation. 8. Dissolution and Liquidation: The agreement may cover the procedures for dissolution and liquidation of the professional corporation, including the distribution of assets and any liabilities. Different Types of Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys: While there may not be different "types" of Kansas Pre-incorporation Agreement of Professional Corporation of Attorneys, the content and clauses within the agreement may vary based on the specific needs and preferences of the attorneys involved. Attorneys may choose to customize the agreement to reflect their unique circumstances, such as incorporating specific arbitration or dispute resolution clauses, specifying non-compete clauses, or including provisions for adding new shareholders or attorneys to the corporation in the future.
