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.
Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions agreed upon by attorneys who wish to establish a professional corporation in the state of Louisiana. This agreement acts as a preliminary contract before the official incorporation of the professional corporation takes place. In the Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys, several key components are covered. Firstly, it includes the names and addresses of the attorneys involved in the agreement, along with their respective areas of legal expertise. This information is crucial for identifying the founders of the professional corporation and their specialization. Another important aspect of the agreement is the intended purpose of the professional corporation. This section describes the types of legal services the corporation will provide to its clients and the scope of its operations. It may also include a statement regarding the adherence to the rules and regulations set forth by the Louisiana State Bar Association. The Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys also outlines the initial capital contributions made by each attorney. This could be in the form of cash, property, or any other assets that each founder contributes to establish the corporation. The agreement specifies the proportionate ownership interest of each attorney based on their capital contribution. In addition to ownership interests, the agreement may address the distribution of profits and losses among the attorneys. This section establishes the criteria for profit allocation and how losses will be shared in proportion to each attorney's ownership stake. Moreover, the document addresses the governance structure of the professional corporation. It includes provisions for the appointment of officers, such as a president, vice president, treasurer, and secretary, as well as their responsibilities and authority within the corporation. The agreement also sets out the decision-making process, including voting rights and procedures for resolving disputes. It is worth mentioning that there are different types of Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys, based on the specific needs and preferences of the attorneys involved. Some attorneys may opt for a standard agreement that covers basic provisions, while others may require a more comprehensive document tailored to their specific requirements. In conclusion, the Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys is a crucial legal document that sets the foundation for the establishment and operation of a professional corporation of attorneys in Louisiana. It covers various aspects such as the identification of founders, purpose of the corporation, capital contributions, profit-sharing, governance structure, and decision-making processes. By having a comprehensive agreement in place, attorneys can ensure clarity and mutual understanding among the founders, paving the way for a successful and legally compliant professional corporation.Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions agreed upon by attorneys who wish to establish a professional corporation in the state of Louisiana. This agreement acts as a preliminary contract before the official incorporation of the professional corporation takes place. In the Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys, several key components are covered. Firstly, it includes the names and addresses of the attorneys involved in the agreement, along with their respective areas of legal expertise. This information is crucial for identifying the founders of the professional corporation and their specialization. Another important aspect of the agreement is the intended purpose of the professional corporation. This section describes the types of legal services the corporation will provide to its clients and the scope of its operations. It may also include a statement regarding the adherence to the rules and regulations set forth by the Louisiana State Bar Association. The Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys also outlines the initial capital contributions made by each attorney. This could be in the form of cash, property, or any other assets that each founder contributes to establish the corporation. The agreement specifies the proportionate ownership interest of each attorney based on their capital contribution. In addition to ownership interests, the agreement may address the distribution of profits and losses among the attorneys. This section establishes the criteria for profit allocation and how losses will be shared in proportion to each attorney's ownership stake. Moreover, the document addresses the governance structure of the professional corporation. It includes provisions for the appointment of officers, such as a president, vice president, treasurer, and secretary, as well as their responsibilities and authority within the corporation. The agreement also sets out the decision-making process, including voting rights and procedures for resolving disputes. It is worth mentioning that there are different types of Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys, based on the specific needs and preferences of the attorneys involved. Some attorneys may opt for a standard agreement that covers basic provisions, while others may require a more comprehensive document tailored to their specific requirements. In conclusion, the Louisiana Pre-incorporation Agreement of Professional Corporation of Attorneys is a crucial legal document that sets the foundation for the establishment and operation of a professional corporation of attorneys in Louisiana. It covers various aspects such as the identification of founders, purpose of the corporation, capital contributions, profit-sharing, governance structure, and decision-making processes. By having a comprehensive agreement in place, attorneys can ensure clarity and mutual understanding among the founders, paving the way for a successful and legally compliant professional corporation.
