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.
Queens New York Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions of forming a professional corporation for attorneys in Queens, New York. This agreement is crucial to ensure a smooth and legally compliant establishment of a professional corporation. In this pre-incorporation agreement, various key aspects related to the formation and operations of the professional corporation are covered. These may include: 1. Legal Structure: The agreement outlines the desired legal structure of the professional corporation, which is typically governed by state-specific laws and regulations. 2. Name and Address: The agreement specifies the proposed name of the corporation, ensuring compliance with the state's naming requirements. It may also include the registered office address and principal place of business. 3. Purpose and Scope: The agreement defines the purpose and scope of the professional corporation, usually limited to providing legal services in Queens, New York. 4. Shareholders and Directors: This section identifies the initial shareholders and directors of the corporation, including their full names and addresses. It may also outline the requirements for future additions or removals of shareholders and directors. 5. Stock and Shares: The agreement may discuss the authorized and issued share capital of the corporation, as well as any restrictions or regulations regarding the transfer of shares. 6. Professional Licensing and Compliance: As attorneys forming a professional corporation, compliance with licensing and professional regulations is essential. The agreement typically includes provisions ensuring that all shareholders and directors are licensed and in good standing with the relevant regulatory bodies. 7. Liability and Indemnification: This section details the extent of liability of the corporation, its shareholders, and directors. It may also outline the indemnification process for legal claims or liabilities arising from the corporation's activities. 8. Non-Compete and Confidentiality: The agreement may include non-compete clauses to prevent shareholders or directors from engaging in competing businesses during or after their involvement with the corporation. Confidentiality obligations regarding client information and trade secrets may also be discussed. 9. Dissolution and Termination: The agreement outlines the procedures and conditions for the dissolution or termination of the professional corporation, including the distribution of assets and liabilities among shareholders. 10. Governing Law and Jurisdiction: This section specifies the applicable laws and the jurisdiction that will govern any disputes arising under the agreement. Different types of Queens New York Pre-incorporation Agreement of Professional Corporation of Attorneys may exist based on the specific needs and requirements of the attorneys involved. Some additional variations may include agreements tailored towards different areas of legal practice, such as corporate law, family law, or real estate law. However, the core elements described above would generally be common to all agreements of this nature.Queens New York Pre-incorporation Agreement of Professional Corporation of Attorneys is a legal document that outlines the terms and conditions of forming a professional corporation for attorneys in Queens, New York. This agreement is crucial to ensure a smooth and legally compliant establishment of a professional corporation. In this pre-incorporation agreement, various key aspects related to the formation and operations of the professional corporation are covered. These may include: 1. Legal Structure: The agreement outlines the desired legal structure of the professional corporation, which is typically governed by state-specific laws and regulations. 2. Name and Address: The agreement specifies the proposed name of the corporation, ensuring compliance with the state's naming requirements. It may also include the registered office address and principal place of business. 3. Purpose and Scope: The agreement defines the purpose and scope of the professional corporation, usually limited to providing legal services in Queens, New York. 4. Shareholders and Directors: This section identifies the initial shareholders and directors of the corporation, including their full names and addresses. It may also outline the requirements for future additions or removals of shareholders and directors. 5. Stock and Shares: The agreement may discuss the authorized and issued share capital of the corporation, as well as any restrictions or regulations regarding the transfer of shares. 6. Professional Licensing and Compliance: As attorneys forming a professional corporation, compliance with licensing and professional regulations is essential. The agreement typically includes provisions ensuring that all shareholders and directors are licensed and in good standing with the relevant regulatory bodies. 7. Liability and Indemnification: This section details the extent of liability of the corporation, its shareholders, and directors. It may also outline the indemnification process for legal claims or liabilities arising from the corporation's activities. 8. Non-Compete and Confidentiality: The agreement may include non-compete clauses to prevent shareholders or directors from engaging in competing businesses during or after their involvement with the corporation. Confidentiality obligations regarding client information and trade secrets may also be discussed. 9. Dissolution and Termination: The agreement outlines the procedures and conditions for the dissolution or termination of the professional corporation, including the distribution of assets and liabilities among shareholders. 10. Governing Law and Jurisdiction: This section specifies the applicable laws and the jurisdiction that will govern any disputes arising under the agreement. Different types of Queens New York Pre-incorporation Agreement of Professional Corporation of Attorneys may exist based on the specific needs and requirements of the attorneys involved. Some additional variations may include agreements tailored towards different areas of legal practice, such as corporate law, family law, or real estate law. However, the core elements described above would generally be common to all agreements of this nature.
