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What is professional corporation?

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Answer:

Professional corporation (Professional corporations, those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, and doctors)

Source: True Knowledge

First answer by TrueKnowledge. Last edit by TrueKnowledge. Contributor trust: 164 [recommend contributor ]. Question popularity: 1 [recommend question].

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Relevant answers:

What is a professional corporation?
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...
When was professional corporations created?
The first public company The Dutch East India Company (Vereenigde Oost-Indische Compagnie or VOC in Dutch, literally "United East Indian Company").A trading company, that was established in 1602
Are veterinarians considered a Professional Corporation?
no..........
Can a professional corporation be an s corp?
Yes, businesses that would normally be designated as Professional Corporations and taxed at a flat 35%, can choose to file a 2553 form (sub-S election) and become a pass-through entity for tax...
How would you describe a professional corporation?
involve incorporation by persons engaged in professional practice, such as medical doctors, lawyers, and architects. They are granted limited liability against claims from their clients, except for...