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 Kings New York Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions for forming a professional corporation consisting of attorneys in the Kings County, New York area. This agreement is typically drafted prior to the official incorporation of the professional corporation and serves as a comprehensive framework to ensure all parties involved are on the same page. Keywords: Kings New York, pre-incorporation agreement, professional corporation, attorneys, legal document, terms and conditions, formation, incorporation, comprehensive framework, parties involved. There are several types of Kings New York Pre-incorporation Agreements of Professional Corporation of Attorneys that may exist depending on the specific circumstances and requirements of the attorneys involved. Some common types include: 1. Partnership Agreement: This type of agreement is suitable when multiple attorneys come together to form a professional corporation and have equal rights and responsibilities. It outlines how profits, losses, and decision-making will be shared among the partners. 2. Shareholder Agreement: If the professional corporation has shareholders, this agreement establishes the rights, responsibilities, and obligations of each shareholder. It typically covers topics such as share ownership, voting rights, dividend distribution, and management of the corporation. 3. Operating Agreement: This agreement is relevant for professional corporations that operate using an LLC (Limited Liability Company) structure. It outlines the roles and responsibilities of the members, how the company will be managed, and how profits and losses will be allocated. 4. Buy-Sell Agreement: This type of agreement is crucial in situations where attorneys want to establish a mechanism for buying or selling their ownership interests in the professional corporation. It sets forth the terms and conditions for buying and selling shares, including valuation methods and procedures. 5. Non-Compete Agreement: A non-compete agreement may be included in the pre-incorporation agreement to ensure that attorneys will not engage in competitive practices that could harm the professional corporation's business after the corporation is formed. It typically restricts attorneys from practicing law within a specific geographic area for a certain period of time upon leaving the corporation. The specific type of Kings New York Pre-incorporation Agreement of Professional Corporation of Attorneys used will depend on the unique circumstances and goals of the attorneys forming the professional corporation. It is essential to consult with legal professionals specializing in corporate law to draft an agreement that best meets the needs and protects the interests of all parties involved.The Kings New York Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions for forming a professional corporation consisting of attorneys in the Kings County, New York area. This agreement is typically drafted prior to the official incorporation of the professional corporation and serves as a comprehensive framework to ensure all parties involved are on the same page. Keywords: Kings New York, pre-incorporation agreement, professional corporation, attorneys, legal document, terms and conditions, formation, incorporation, comprehensive framework, parties involved. There are several types of Kings New York Pre-incorporation Agreements of Professional Corporation of Attorneys that may exist depending on the specific circumstances and requirements of the attorneys involved. Some common types include: 1. Partnership Agreement: This type of agreement is suitable when multiple attorneys come together to form a professional corporation and have equal rights and responsibilities. It outlines how profits, losses, and decision-making will be shared among the partners. 2. Shareholder Agreement: If the professional corporation has shareholders, this agreement establishes the rights, responsibilities, and obligations of each shareholder. It typically covers topics such as share ownership, voting rights, dividend distribution, and management of the corporation. 3. Operating Agreement: This agreement is relevant for professional corporations that operate using an LLC (Limited Liability Company) structure. It outlines the roles and responsibilities of the members, how the company will be managed, and how profits and losses will be allocated. 4. Buy-Sell Agreement: This type of agreement is crucial in situations where attorneys want to establish a mechanism for buying or selling their ownership interests in the professional corporation. It sets forth the terms and conditions for buying and selling shares, including valuation methods and procedures. 5. Non-Compete Agreement: A non-compete agreement may be included in the pre-incorporation agreement to ensure that attorneys will not engage in competitive practices that could harm the professional corporation's business after the corporation is formed. It typically restricts attorneys from practicing law within a specific geographic area for a certain period of time upon leaving the corporation. The specific type of Kings New York Pre-incorporation Agreement of Professional Corporation of Attorneys used will depend on the unique circumstances and goals of the attorneys forming the professional corporation. It is essential to consult with legal professionals specializing in corporate law to draft an agreement that best meets the needs and protects the interests of all parties involved.
