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What is the meaning of professional corporation?

: a corporation organized by one or more licensed individuals (such as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages.

What is required in an Articles of Incorporation for a corporation in Texas?

Texas articles of incorporation must then state for each class: its designation; the aggregate number of shares authorized; the par value or a statement that each share is without par value; and the preferences, limitations, and relative rights of the shares.

Do Articles of Incorporation need to be filed in Texas?

In the state of Texas, articles of incorporation are required when forming a corporation. Both S corporations and C corporations must file the articles of organization with the Secretary of State's office.

What is Article of incorporation in Texas?

The Articles of Incorporation, also known as Certificate of Incorporation, Certificate of Organization or Certificate of Formation, is the tool filed with the secretary of state for the purpose of incorporation. This legal document functions as a state license to form a corporation.

Does Texas require Articles of Incorporation?

In the state of Texas, articles of incorporation are required when forming a corporation. Both S corporations and C corporations must file the articles of organization with the Secretary of State's office.

What is the purpose of Articles of Incorporation?

Articles of incorporation, sometimes called a certification of formation or a charter, are a set of documents filed with a government body to legally document a corporation's creation. These legal documents contain general information about the corporation, including the business name and business location.

How much does it cost to file Articles of Incorporation in Texas?

You need to file a Certificate of Formation to incorporate your business in Texas. You file the Certificate of Formation with the Texas Secretary of State. There is a $300 filing fee required by the State.

What must be contained in the Articles of Incorporation?

The main components of the Articles of Incorporation include the name of the corporation, type of corporate structure, registered agent, number of authorized shares, and names and signatures of the owners of the corporation.

How does a professional corporation work?

A professional corporation is a corporation owned and operated by one or more members of the same profession. Only members of certain professions, such as physicians, lawyers, accountants and dentists can operate a professional corporation.

What is an example of a professional corporation?

health care professionals such as audiologists, dentists, nurses, opticians, optometrists, pharmacists, physical therapists, physicians, and speech pathologists.

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