The web defines professional corporation as a legal structure that is formed by licensed professionals like lawyers, doctors, accountants, and engineers. In California law, this type of corporation requires individuals who can give professional service, which in turn requires license or any professional certification.
California corporation formation requires certain requirements to meet. Anyone or any group of individuals who would want to form California professional corporation needs to have knowledge about how it goes as it covers certain liabilities for whoever intends to form such professional corporation.
To form California professional corporation, you will need to have the following requirements:
-Look for a name for your corporation. You need to search for a name that would represent the totality of your corporation and the service or services it offers. You can process your name search or name availability through mailing your request to the California Secretary of State’s office. – Once you have checked and verified the availability of your corporation’s name, you can now reserve the name of your corporation by downloading a reservation form at the California Secretary of State’s website. For your reference, there is a certain time limitation for the name reservation. As of 2010, the name reservation could only last within sixty days. As with the reservation fee, you may ask the California Secretary of State’s office. -After the name reservation process, you may now proceed to step three, which is hiring a registered agent to act in behalf of your corporation. The California law states that a corporation cannot act as the agent itself as well. You will need someone to do that for you. If in case you do not know anyone, you may then check the California Secretary of State’s website for a list of agencies or corporations that you can hire to do this job. -Fourth step would be drafting articles of incorporation. A sample form on how it goes is also available at the California Secretary of State’s website. -Make a sample cover letter, which will contain important information such as your corporation’s name, your full name, a return address, and your contact number. -Lastly, if everything is ready, you may now mail those requirements to the proper authorities who handle it.
California corporation formation is not an easy task. You will need experts to guide you. You will need expert’s advice on what to do best to make your dream professional corporation into reality, without dealing with too much hassle that the law might provide.
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