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It shall be the duty of the Secretary to ensure that an accurate record of the acts and proceedings of the Members and Directors is kept, give all notices required by law and by the Members and Directors, and maintain and keep the membership roster, all of which comprise the Corporate Records.
Professional services businesses Oregon allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC). After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance.
In this Part company records means (a) any register, index, accounting records, agreement, memorandum, minutes or other document required by these Regulations to be kept by a company, and. Company Records.
The officers of a corporation are key management executives who carry out the daily work of the business. Theyre appointed by and report to the board of directors, and oversee specific business functions based on their background and expertise.
There are many benefits associated with incorporating a professional corporation, including lower corporate tax rates, investment and tax strategies, and planning for retirement.

People also ask

While traditional corporations their professional corporations are mostly similar, there is one key difference: with professional corporations (such as C Corps), owners are protected from legal claims made against their business, unless the claim was a result of the owners own mistake.
There are several advantages to operating this type of business over other entities such as sole proprietorships and general partnerships. Professional corporations are entitled to favorable tax treatments, liability protections and other benefits provided under the corporate structure.
Professional corporations offer most of the same advantages as a regular corporation: personal asset protection, the ability to issue stock, and tax advantages. The downsides to a professional corporation are also the same as those of a regular corporation, such as the time and money spent on corporate formalities.
To Protect Shareholders From Personal Liability. By maintaining the corporate minute book and complying with all corporate formalities, the shareholders can take advantage of the limited liability protection a corporation provides, which is usually the main reason why a business is incorporated in the first place.
Here are some examples of the documents that would be included: Articles/formation documents/amendments. Bylaws. Resolutions. Shareholder ledger/share transfers. Stock certificates. Shareholders agreement. Meeting minutes. Annual report filings.

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