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Articles of Association of a Professional Association

Collin Texas Articles of Association of a Professional Association

Name: Collin Texas Articles of Association of a Professional Association
Brand: US Legal Forms
Rating: 4.76 (274 reviews)

Category:

Corporations - Professional

State:

Multi-State

County:

Collin

Control #:

US-02825BG

Format:

Instant download

Description

Statutes have been enacted in various jurisdictions setting forth requirements as to the form and manner of execution of the constitution or articles of association, and the bylaws, of an association or club. If the drafter does not comply with such formalities, the documents may not be accepted for filing by the designated public officer, and the existence of the association or club as a legal entity will not be recognized. In some jurisdictions, the constitution or articles of association, and the bylaws, must be executed properly. Execution generally implies the signing of the instruments by the proper officers or other parties, in conformity to the requirements of the governing statute. Statutes in some jurisdictions require that the constitution or articles of association, and the bylaws, be acknowledged or verified. In some jurisdictions, it is required by statute that the constitution or articles of association be recorded, particularly where the association or club owns real property or any interest in real property.

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FAQ

For the majority of states, the phrase professional association is simply another way to reference a professional corporation. Thus, most professional associations are, in-fact, merely professional corporations.

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 will often meet regularly to discuss upcoming news in their field or will host events for other members to meet and network.

Examples of business and financial associations: National Association of Stockbrokers. Association of Finance Professionals. American Payroll Association.

For most states, the phrase professional association is just another way to reference a professional corporation. Thus, most professional associations are merely professional corporations (PCs).

A professional association is a professional entity formed for the purpose of providing the professional service rendered by a doctor of medicine, doctor of osteopathy, doctor of podiatry, dentist, chiropractor, optometrist, therapeutic optometrist, veterinarian, or licensed mental health professional.

The IRS categorizes professional corporations as C corporations. They are considered taxpayers and must pay income taxes at the corporate rate. In some states, physicians are not allowed to form professional corporations and must instead establish professional associations.

The answer: yes and no. In-fact, it depends on the state in which your business operates. For most states, the phrase professional association is just another way to reference a professional corporation. Thus, most professional associations are merely professional corporations (PCs).

More info

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Collin Texas Articles of Association of a Professional Association

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What is a professional association Texas?

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