A professional corporation (PC) is a type of legal structure that is specifically designed for professionals in certain fields, such as doctors, lawyers, Accountants, and architects. It provides liability protection to its owners, known as shareholders, similar to a regular corporation. However, PCs are subject to additional regulations and restrictions that vary by jurisdiction and profession.
A Professional Corporation, or P.C., following a company name indicates the structure of the corporation is that of licensed professionals. This is authorized by state law and includes a fairly narrow list of licensed professions such as doctors, lawyers, accountants, architects. Unlike a regular corporation, a professional corporation does not absolve a professional for personal liability for her own negligence or malpractice. The main reason why groups of professions choose this organizational structure is that, unlike a general partnership, owners are not personally liable for the malpractice of other owners. In some states, limited liability partnerships offer this same benefit and may be more desirable for other reasons.
PC or "P.C." stands for "Professional Corporation", a special form of corporation which retains some personal liability for the principals of the business. Ordinarily restricted to licensed professionals such as doctors, attorneys, and public accountants.
P.C. stands for professional corporation
Yes a holding company can purchase a professional corporation. The professional corporation can be another entity of companies within the holding companies portfolio.
Professional Corporation, indicating that those providing services are licensed to provide legal services.== == Professional Corporation
professional corporation
A solo professional corporation is a corporation operated with one person as the board of directors. This corporation is usually for an individual who wants to run a business solely.
The term professional corporation refers to a corporation that is formed for the purpose of operating a profession that requires a license to practice. These include physicians, attorneys, and dentists.
i think it means private corporation, the type of business they have
Professional corporation.
Professional Corporation
Yes
Stands for 'A Professional Corporation', it means that the lawyer whose name comes before 'APC' practises as a professional corporation.