Professional Corporation

Sacramento Professional Corporation Lawyer

Professional Corporations; Law Corporations, Medical Corporations

Professional Corporations

When forming a Sacramento professional corporation it is best to use the services of an experienced Sacramento Professional Corporation Lawyer. There are a lot of rules, regulations and requirements both statewide and within each regulatory board and agency when forming a Sacramento professional corporation.

What is a Professional Corporation?

A professional corporation is a corporation that is formed by a professional in a single professional field. People in certain occupations, e.g. Doctors, Lawyers, Accountants, etc. who want to incorporate their practice can only do so through a professional corporation. California has requirements for these occupations and there are also requirements that must be followed specific to the professional’s regulatory or governing agencies.

The Professional Corporation (PC) is the formation of choice for many business owners who work in accounting, law, medicine, architecture, engineering and related fields. These business entities can help licensed professionals protect their personal assets against lawsuits brought against their practices.

State laws vary, but PCs usually share these characteristics:

  • Owners are generally required to be licensed in the same profession.
  • Proof of licensing is often required for state approval.
  • Industry-specific regulations may apply to your company name.
  • States may require entity-specific endings for your company name (“PC” for a Professional Corporation, for example).

It’s important to note that by forming a Professional Corporation, owners are not free from personal liability for malpractice or other suits brought against them. However, these formation types do protect owners from the malpractice of other owners within the company.

In addition, PCs are taxed differently. PCs are by default taxed like a C-Corporation, with the PC paying taxes at the corporate rate, which can lead to double taxation. They can however also elect to be taxed as an S Corporation which is more favorable. . You may wish to consult with a tax advisor before forming a PC determine the best tax treatment for your company.

Steps to Create a Sacramento Professional Corporation

If you are in a particular profession and think that you would like to incorporate it is important that you contact us for a complimentary consultation. We can advise you on whether, for the area you are practicing in and what you want to accomplish by incorporating, you are required and able to form a professional corporation. A name will need to be chosen and conflict checked which we will handle for you. It must be in accordance with the regulatory or governing agency or board rules for that profession including rules pertaining to names and what must or must not be included. In addition typically only licensed professionals may be a member of the professional corporation, so unlicensed individuals e.g. spouses, may not be a member.

Forming these companies may also require additional steps on the part of the owners. Along with approval from the State, professional entities often must seek approval of their formation documents from the state professional licensing body.

Our Experienced Sacramento Professional Corporation Lawyers Can Help

The experienced business law lawyers at the StoneCrest Law Firm have assisted many doctors, lawyers, architects, accountants, engineers, and other licensed professionals form Sacramento Professional Corporations and Sacramento Professional Limited Liability Companies.

The experienced Sacramento business law attorneys at the StoneCrest Law Firm can help you with your professional incorporation needs. Our firm has successfully handled the formation and continuance of many professional corporations, ensuring that they are in, and stay in, compliance.

We are experienced Sacramento Professional Corporation Lawyers. We have helped many individuals and companies with their business planning and incorporation needs. Our business lawyers offer affordable business formation and business incorporation packages and great advice and strategy regarding business law, asset protection, buying or selling a business, business disputes, contract drafting, and annual corporate requirements. Our Sacramento professional corporation lawyers can help you protect your personal assets and give you the great legal advice and strategy needed to get you the results you want. Contact us today to schedule your complimentary attorney consultation by clicking HERE or by calling 916-999-1376. We look forward to helping you with all of your Sacramento professional corporation needs

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