450.1283 Professional corporation; formation; name.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) or section 288(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. History: Add. 2012, Act 569, Imd. Eff. Jan. 2, 2013 ;-- Am. 2018, Act 85, Eff. ll contain the words 'professional corporation' or the abbreviation 'P.C.' with or without periods or other punctuation. History: Add. 2012, Act 569, Imd. Eff. Jan. 2, 2013 ;-- Am. 2018, Act 85, Eff. June 24, 2018
Michigan Legal Code