Chapter 3 - Practice Of Professions By Corporations - Wyoming Statutes

CHAPTER 3 - PRACTICE OF PROFESSIONS BY CORPORATIONS

 

17-3-101. Practice of profession through licensed stockholder oremployee authorized.

 

Acorporation organized under the Wyoming Business Corporation Act or the WyomingStatutory Close Corporation Supplement, whose capital stock is ownedexclusively by a person or persons licensed to practice a profession by thestate of Wyoming or by an agency, office or instrumentality authorized by thelaws of Wyoming to license individuals for the practice of such profession,may, by and through the person or persons of such licensed stockholder orstockholders, or licensed employees, practice and offer professional servicesin such profession.

 

17-3-102. Licensed stockholder or employee subject to certainrequirements.

 

Nocorporation may offer professional services or practice a profession except byand through the person or persons of its licensed stockholder or stockholders,or licensed employees, each of whom shall retain his professional license ingood standing, and shall remain as fully liable and responsible for hisprofessional activities, and subject to all rules, regulations, standards andrequirements pertaining thereto, as though practicing individually rather thanin a corporation.

 

17-3-103. Words or initials to be contained in corporate name.

 

Thecorporate name of every professional corporation shall contain either the words"A Professional Corporation" or the capital initials"P.C.". These words or initials shall be the last word of the name ofthe professional corporation.

 

17-3-104. Language to be contained in articles of incorporation;location.

 

Thearticles of incorporation of a professional practice corporation incorporatedafter the date of this act shall contain the following language: "Allshareholders of the corporation are, and will continually be, licensed in theprofession for which the corporation is formed, and no professional service willbe offered by the corporation except by or under the supervision of licensedstockholders or licensed employees." This language shall be inserted inthe articles immediately after the provisions pertaining to the aggregatenumber of shares which the corporation is authorized to issue.