How do I form a professional corporation?
Forming a professional corporation in the state of Washington is a relatively simple process. The first step is to choose a unique name for your corporation that meets the requirements of Washington’s Corporations Division. This includes avoiding any words that might imply the corporation is of a certain kind (such as banking, insurance, or trust) without obtaining a relevant license or registration. The second step is to register the professional corporation with the Corporations Division. To do this, you must submit documents such as Articles of Incorporation, a list of the corporation’s initial directors, and a certified copy of the bylaws. Once approved, you must file an annual report each year, obtain a Washington State Business License, and obtain any required professional certificates or licenses in order to operate legally in the state. The third step is to obtain the appropriate insurance and bonded coverage requirements. This is important to ensure that the corporation is adequately protected from liabilities. Your professional organization or industry may also have specific requirements for professional corporations. Finally, it is important to stay in compliance with the Washington Professional Corporation Act, which covers matters such as a professional corporation’s internal structure, the duties of professional directors, and the use of professional titles. Once you have completed all the necessary steps, you are ready to begin operating your professional corporation in the state of Washington.
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