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Here is a breakdown of the four different types of professional associations. Member-Benefit Professional Associations. ... Designation-Granting Associations. ... Certifying Bodies. ... Professional Regulatory Bodies.
From a tax perspective, a professional corporation is treated just like a C Corp; they are both taxpayers under Subchapter C of the federal tax code, meaning that the PC is taxed?per the corporate tax rate?as an entity separate from its owners, and owners are taxed once again on their personal income.
(b) Action by consent. --Unless otherwise restricted in the bylaws, any action required or permitted to be approved at a meeting of the directors may be approved without a meeting by a consent or consents to the action in record form.
What is a professional association? A professional association is an organization with members who work in or share an interest in a specific job field or industry. Members of professional associations often meet regularly to discuss upcoming news in their field or host events for other members to meet and network.
Articles of organization form your Pennsylvania LLC. Preparing and filing your articles of organization is the first step in starting your limited liability company (LLC). Approval of this document secures your business name and creates the legal entity of the LLC.
A professional association (also called a professional body, professional organization, or professional society) is a group that usually seeks to further a particular profession, the interests of individuals and organisations engaged in that profession, and the public interest.
In the United States, such an association is typically a nonprofit business league for tax purposes.
A PLLC can elect to be governed by its members or managers. Unlike a PA, a PLLC's governing authority may include either appropriately licensed individuals, professional entities providing the same service as the PLLC, or both. PLLCs are not required to have officers.