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 New Jersey Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions for establishing a professional corporation of attorneys in the state of New Jersey. This agreement is crucial for attorneys who wish to practice law under a corporate entity rather than as individuals or in traditional partnerships. Key elements included in this agreement are the identification of the attorneys involved, their respective roles and responsibilities, and the specific purpose for which the professional corporation is being formed. The agreement also details the rights and obligations of the shareholders, the procedures for decision-making, and the allocation of profits and losses. In addition, the agreement addresses matters such as the transferability of shares, restrictions on ownership, and the procedures for admitting new attorneys as shareholders. It may also include provisions related to the dissolution or termination of the professional corporation. There are no specific types of New Jersey Pre-incorporation Agreement of Professional Corporation of Attorneys per se. However, the content and provisions within the agreement may vary depending on the unique circumstances of each professional corporation. As such, it is important to tailor the agreement to the specific needs and objectives of the attorneys involved. Some relevant keywords for this topic include: — New Jersey professional corporation of attorneys — Pre-incorporatioagreementen— - Shareholders — Attorneys - Corporatentityit— - Legal document — Terms and condition— - Roles and responsibilities — Purposformationio— - Decision-making procedures — Profit and losallocationio— - Share transferability — Ownership restriction— - Admission of new shareholders — Dissolution and termination.The New Jersey Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions for establishing a professional corporation of attorneys in the state of New Jersey. This agreement is crucial for attorneys who wish to practice law under a corporate entity rather than as individuals or in traditional partnerships. Key elements included in this agreement are the identification of the attorneys involved, their respective roles and responsibilities, and the specific purpose for which the professional corporation is being formed. The agreement also details the rights and obligations of the shareholders, the procedures for decision-making, and the allocation of profits and losses. In addition, the agreement addresses matters such as the transferability of shares, restrictions on ownership, and the procedures for admitting new attorneys as shareholders. It may also include provisions related to the dissolution or termination of the professional corporation. There are no specific types of New Jersey Pre-incorporation Agreement of Professional Corporation of Attorneys per se. However, the content and provisions within the agreement may vary depending on the unique circumstances of each professional corporation. As such, it is important to tailor the agreement to the specific needs and objectives of the attorneys involved. Some relevant keywords for this topic include: — New Jersey professional corporation of attorneys — Pre-incorporatioagreementen— - Shareholders — Attorneys - Corporatentityit— - Legal document — Terms and condition— - Roles and responsibilities — Purposformationio— - Decision-making procedures — Profit and losallocationio— - Share transferability — Ownership restriction— - Admission of new shareholders — Dissolution and termination.
