Florida Statutes

Fla. Stat. § 621.05 (2025)

Corporation organization.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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621.05 Corporation organization.—One or more individuals, professional corporations, or professional limited liability companies, in any combination, duly licensed or otherwise legally authorized to render the same professional services may organize and become a shareholder or shareholders of a professional corporation for pecuniary profit under the provisions of chapter 607 for the sole and specific purpose of rendering the same and specific professional service.

History.—s. 5, ch. 61-64; s. 10, ch. 79-9; s. 5, ch. 93-110; s. 78, ch. 93-284.

Notes of Decisions

Cited in 4 cases, 1963–2007 · leading case: Amjad Munim, M.D., P.A. v. Azar, 648 So. 2d 145 (Fla. 4th DCA 1994).

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Amjad Munim, M.D., P.A. v. Azar, 648 So. 2d 145 (Fla. 4th DCA 1994). · cites it 2× “See § 621.05, Fla.Stat. (1993). However, a professional association cannot simply cast off one corporate identity in favor of another in order to evade the effect of a previously existing judgment against the debtor P.”

Parker v. Panama City, 151 So. 2d 469 (Fla. 1st DCA 1963). · cites it 2× “he organization of a professional service corporation is limited to persons who are duly licensed or otherwise legally authorized to render professional services within this state and the corporate power is limited to the sole and specific purpose of rendering the same and…”

In Re Adams, 389 B.R. 762 (Bankr. M.D. Fla. 2007). · cites it 10× “Fla. Stat. § 621.05 (Emphasis supplied). Additionally, the stock of a professional corporation may not be issued to anyone other than “a professional corporation, a professional limited liability company, or an individual who is duly licensed or otherwise legally authorized to…”

Amjad Munim, Md, Pa v. Azar, 648 So. 2d 145 (Fla. 4th DCA 1994). · cites it 2× “See § 621.05, Fla. Stat. (1993). However, a professional association cannot simply cast off one corporate identity in favor of another in order to evade the effect of a previously existing judgment against the debtor P.”

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