Full question:
We are a Non-Profit Community Health Center and we plan to buyout a local pediatric practice. What documents need to be prepared and/or filed of record?
- Category: Corporations
- Subcategory: Professional Corporation
- Date:
- State: Louisiana
Answer:
In Louisiana, forming a business corporation must comply with specific laws for various professions. Professional corporations are generally limited to their specific type of business and can hold property for investment or practice-related purposes. Certain professional corporations must include the full or last names of one or more voting shareholders or members of a predecessor firm, including those in law, dental, accounting, chiropractic, nursing, and optometry. Other types, like medical, architectural, psychology, veterinary, occupational therapy, and social work, may use any name approved by the Secretary of State. Most professional corporation names must end with a 'professional' designation, except for architectural-engineering.
If your non-profit entity is already registered with the state, you may need to withdraw or dissolve it before creating a new professional corporation.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.