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Prepared by U.S. Legal Forms, Inc. Copyright 2016 U.S. Legal Forms, Inc. STATE OF MICHIGAN PROFESSIONAL SERVICE CORPORATIONControl Number: MI00INC2The contents of this package are as follows:1. Statutory
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How to fill out professional corporation

01
To fill out a professional corporation, follow these steps:
02
Choose a name for your professional corporation that complies with your state's regulations and guidelines.
03
Obtain the necessary forms from your state's professional licensing board or the appropriate government agency.
04
Provide the required information on the forms, such as your corporation's name, address, and contact details.
05
Include the names and information of all shareholders, directors, and officers of the corporation.
06
Submit the completed forms along with any necessary supporting documentation and fees to the relevant agency.
07
Wait for the agency to process your application and provide you with a certificate of incorporation or similar document.
08
Once you receive the certificate, you can start operating your professional corporation legally.

Who needs professional corporation?

01
Professional corporations are typically suitable for professionals who provide licensed services, such as doctors, lawyers, accountants, architects, engineers, and psychologists.
02
These professionals often choose to form a professional corporation to take advantage of the liability protection it offers and to establish a separate legal entity for their practice.
03
It allows professionals to avoid personal liability for the business's debts and obligations, protecting their personal assets in case of any legal issues.
04
Additionally, a professional corporation may also provide tax benefits and allow professionals to share ownership and profits with other shareholders or employees.

What is professional corporation Form?

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Instructions for the form professional corporation

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A professional corporation is a specific type of corporation formed by licensed professionals, such as doctors, lawyers, and accountants, to provide professional services under a corporate structure.
Licensed professionals, such as those in healthcare, law, and finance, who want to operate as a corporation rather than a sole proprietorship or partnership, are required to file for a professional corporation.
To fill out a professional corporation, one must complete the Articles of Incorporation form specific to their state, including details such as the name of the corporation, professional services offered, and information about the owners and directors.
The purpose of a professional corporation is to provide legal protection for its owners against personal liability for the debts and obligations of the business, while also allowing for corporate tax benefits.
Information that must be reported includes the name of the corporation, the nature of the professional services, the names and addresses of the owners and directors, and the registered agent.
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