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Professional Associations and Professional Corporations 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.
Professional corporations may exist as part of a larger, more complicated, legal entity; for example, a law firm or medical practice might be organized as a partnership of several or many 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.
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.
To start a corporation in Ohio, youll need to do three things: appoint a registered agent, choose a name for your business, and file Articles of Incorporation with the Secretary of State. You can file this document online or by mail. The articles cost a minimum of $99 to file.
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A professional corporation can either be a C corporation or an S corporation. As a C corporation, the entity will pay corporate taxes and also file its own tax returns.
How much does it cost to incorporate in Ohio? The articles of incorporation cost $99 to file in the state of Ohio. This filing process can be expedited if you pay a $150 fee. These fees are paid to the Secretary of State of Ohio so that your company will be on file and legally allowed to conduct business in the state.
Professional Associations are unique creatures of Texas entity and business organization law. While they can issue stock, the holders of the stock are called members, and while they are operated under Texas corporate law, they are not corporations.
How to Form a Corporation in 11 Steps Choose a Business Name. Register a DBA. Appoint Directors. File Your Articles of Incorporation. Write Your Corporate Bylaws. Draft a Shareholder Agreement. Hold Initial Board of Directors Meeting. Issue Stock.
The board shall consist of not less than five directors, elected by and from the members, unless the number of members is less than five, in which case, the number of directors may equal the number of members.

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