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Professional Corporation

Professional corporations are those corporate entities for which many corporation statutes make special provision.  These provisions regulate the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and doctors.  There are major differences between the legal regulations applicable to professional corporations from those applying to other corporations.  Professional corporations, which may have a single director or multiple directors, do not usually afford that person or persons the same degree of limitation of liability as ordinary business corporations.  Therefore such corporations identify themselves as professional corporations by including “PC” or “P.C.” after the firm’s name.  Professional corporations often exist as part of a larger, more complicated, legal entity.

The rules concerning professional corporations vary in the different states of U.S.  The related law of each state is discussed under the following state links.

Inside Professional Corporation