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Texas professional corporation

Texas professional corporation 2025

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The document TX-PC-CR provides sample corporate notices, resolutions, and stock ledger forms for Texas professional corporations. It includes templates for special and annual meetings of directors and shareholders, waivers of notice, resolutions for shareholders and directors, a simple stock transfer ledger, and a stock certificate. The document serves as a guide for corporate governance documentation.

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What qualifies as a professional corporation?

A professional corporation (abbreviated as PC), also known as a professional service corporation (abbreviated as PSC), is a type of corporation established by state statute that permits owners of certain licensed professions, such as attorneys, architects, engineers, accountants, and dentists, to own shares in a

Whats the difference between professional corporation and LLC?

The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized ing to the laws of the state where the professional is licensed to practice.

Who can have a PLLC?

Only people who are licensed to provide a professional service may own a PLLC. For example, an unlicensed person cannot own a PLLC that operates as a medical practice, even if they hire licensed physicians as employees.

Who can own PLLC in Texas?

Only a professional individual or professional organization may be an owner or manager of a PLLC. Only a professional individual may be an officer of a PLLC. A professional individual is an individual who is licensed to practice the same professional service as the PLLC.

What is a Texas professional corporation?

A professional corporation is a corporation that is formed for the purpose of providing a professional service that by law a for-profit or nonprofit corporation is prohibited from rendering.

Can a nurse practitioner own a PLLC in Texas?

In Texas, nurse practitioners are considered licensed professionals and are typically required to form a Professional Limited Liability Company (PLLC). This is because PLLCs are designed for licensed professionals who provide a personal service that requires a state license, such as medical services.

Texas professional corporation 2025

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