A1. A professional service entity is an entity organized for the sole purpose of providing professional services to the public. The Colorado Revised Statutes specify which professionals may form a practice as a professional service entity.
Q2. Which professionals may practice as professional service entities?
A2. The professionals allowed to practice as professional service entities are:
Certified Public Accountants
Physicians and Surgeons
Q3.What requirements must be satisfied in order to file as a professional service entity in Colorado?
A3. Such entities file the appropriate constituent filed document for the desired entity form (i.e., Corporation, Limited Liability Company). Additional language may be attached to the constituent filed document to meet the specific language requirements as stated in the appropriate statute governing your professional service entity or as may be required by Regulatory Agencies, or other organic laws.
Q4. What names are acceptable for a professional service entity?
A4. A professional service entity must register a name that is “distinguishable” from other names in the records of the Secretary of State. See § 7-90-601, C.R.S., for more information and specific details referencing names and the appropriate statute governing your professional service entity.