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Benefits of Forming a PC

1. Choose a business name

2. Select a Board of Directors

3. File Articles of Incorporation with the state

4. Obtain an Employee Identification Number (EIN)

5. Draft Bylaws

6. Hold the first Board of Directors meeting

7. Open a corporate bank account

8. Obtain required business licenses and permits 

9. Submit an initial report to the state

10. Issue stock to each shareholder

Compliance Requirements of a Corporation

1. Hold regular meetings of the Board of Directors

2. Hold at least one shareholders meeting each year

3. Record minutes of meetings

4. Do not commingle personal and corporate assets

5 Must comply with state and federal filing requirements

Market and Margin, PC does not provide legal advice.

1. Limited Liability Protection - A Professional Corporation can shield professional service providers (doctors, attorneys, accountants, etc.) from liability from the operations of the business. However, in most cases, the individual who provided the service may NOT be shielded by the professional corporation.

2. PC Taxing Structure - The tax advantages for a Professional Corporation are the same as the advantages afforded to a C Corporation or S Corporation

Consult with an attorney

  • Corporate filing requirements can vary and may be more or less expansive depending on your state. Laws governing professional services and corporations are often quite complex. We strongly urge you to consult with an attorney before making the decision to form a PC. Forming a corporation is a major decision that will have an impact on your business.

  • Once you are properly equipped with the legal advice and information specific to your individual circumstances, Market and Margin can assist you and your attorney in preparing and filing the necessary documents. 

Market and Margin, PC does not provide legal advice.

Add to Cart

Market and Margin's business formation packages are available at Basic, Expanded and Deluxe levels.
You can specify your package level in your cart.

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