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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 283. (1) Except as provided in this section, 1 or more licensed persons may form a professional corporation under this chapter.
(2) Except as otherwise permitted under section 284(5) 1 or section 288(2), 2 each shareholder of a professional corporation must be 1 of the following:
(a) A licensed person in 1 or more of the professional services provided by the professional corporation.
(b) An entity that is directly or beneficially owned only by persons that are licensed persons in 1 or more of the professional services provided by the professional corporation.
(3) Except as provided in this section or otherwise prohibited, the articles of incorporation of a professional corporation shall state that the professional corporation is formed to provide 1 or more professional services and shall state the specific professional service or services the professional corporation is formed to provide.
(4) The name of a professional corporation shall contain the words “professional corporation” or the abbreviation “P.C.” with or without periods or other punctuation.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 450. Corporations § 450.1283 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-450-corporations/mi-comp-laws-450-1283/
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