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Professional Corporation Although PCs don't offer the level of personal liability protection of S corps or LLCs, this structure does protect owners from malpractice claims filed against other associates. PCs must usually be approved by the state agency that licenses the professionals.
Learn How to Form a Tennessee Professional Corporation Choose a name for your Tennessee PC. Select an Tennessee registered agent. Complete your Tennessee Certificate of Incorporation. Establish a corporate record in Tennessee. Designate an Tennessee PC board of directors. Create Tennessee corporate bylaws.
To start a corporation in Tennessee, you'll need to do three things: appoint a registered agent, choose a name for your business, and file a For-Profit Corporation Charter with the Secretary of State. You can file this document online, by mail, or in person.
Most states limit the type of people who may create a professional corporation; in general, these corporations are limited to accountants, engineers, physicians and other healthcare professionals, lawyers, veterinarians, and social workers. The purpose of the corporation must be to provide professional services.
If you're looking for a copy of an Articles of Organization that you already filed for your LLC, you can get one for $20. The request for copies must be sent via mail to the Secretary of State. Download the Request for Copy of Documents Form (Form SS-4461) from the Tennessee Secretary of State.
One of the key differences between a corporation and a professional corporation is that the shareholders of a professional corporation must be licensed professionals who are authorized to provide professional services in their respective fields. This requirement does not apply to a regular corporation.
Service at 888-366-9552. Any business registered in Tennessee is required to submit an annual report to the Secretary of State each year.
To receive a tax clearance certificate when shutting down a business, a business must file all returns to date and a final franchise and excise tax return through the date of liquidation or the date on which the business ceased operations in Tennessee.