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 Oklahoma Pre-incorporation Agreement of Professional Corporation of Attorneys is a legally binding document that outlines the terms and conditions for establishing a professional corporation for attorneys in the state of Oklahoma. This agreement serves as a precursor to the actual incorporation process and ensures that all parties involved are clear on the rights, responsibilities, and obligations associated with forming a professional corporation. The Pre-incorporation Agreement typically includes key elements such as the names and addresses of the incorporating attorneys, the proposed business name for the professional corporation, and the purpose of the corporation. It also outlines the roles and responsibilities of each attorney involved, including their initial capital contributions, potential buy-out provisions, and any limitations on liability. This agreement may also address a variety of other important matters such as voting rights and procedures for decision-making within the corporation, management of the corporation, and provisions for dispute resolution or dissolution. Additionally, it often includes clauses related to the transferability of shares, restrictions on competition or solicitation of clients, and the rights of minority shareholders. Different types of Oklahoma Pre-incorporation Agreements for Professional Corporation of Attorneys may exist depending on the specific needs and circumstances of the attorneys involved. Some variations may address the formation of a general professional corporation, while others may be tailored for specific areas of law, such as corporate law, family law, or personal injury law. It's crucial for attorneys to carefully consider their practice areas and specific requirements when drafting or signing such agreements. In summary, the Oklahoma Pre-incorporation Agreement of Professional Corporation of Attorneys is a critical legal document that sets the foundation for the formation of a professional corporation. It protects the rights and interests of attorneys involved, establishes guidelines for decision-making and management, and helps ensure a smooth and successful incorporation process.The Oklahoma Pre-incorporation Agreement of Professional Corporation of Attorneys is a legally binding document that outlines the terms and conditions for establishing a professional corporation for attorneys in the state of Oklahoma. This agreement serves as a precursor to the actual incorporation process and ensures that all parties involved are clear on the rights, responsibilities, and obligations associated with forming a professional corporation. The Pre-incorporation Agreement typically includes key elements such as the names and addresses of the incorporating attorneys, the proposed business name for the professional corporation, and the purpose of the corporation. It also outlines the roles and responsibilities of each attorney involved, including their initial capital contributions, potential buy-out provisions, and any limitations on liability. This agreement may also address a variety of other important matters such as voting rights and procedures for decision-making within the corporation, management of the corporation, and provisions for dispute resolution or dissolution. Additionally, it often includes clauses related to the transferability of shares, restrictions on competition or solicitation of clients, and the rights of minority shareholders. Different types of Oklahoma Pre-incorporation Agreements for Professional Corporation of Attorneys may exist depending on the specific needs and circumstances of the attorneys involved. Some variations may address the formation of a general professional corporation, while others may be tailored for specific areas of law, such as corporate law, family law, or personal injury law. It's crucial for attorneys to carefully consider their practice areas and specific requirements when drafting or signing such agreements. In summary, the Oklahoma Pre-incorporation Agreement of Professional Corporation of Attorneys is a critical legal document that sets the foundation for the formation of a professional corporation. It protects the rights and interests of attorneys involved, establishes guidelines for decision-making and management, and helps ensure a smooth and successful incorporation process.
