What is a Professional Corporation
What is a Professional Corporation?

BUSINESS SERVICES


Secure Online Business Services for all States
All Business Documents, Inc., Business Services - General, San Francisco, CA

What is a Professional Corporation?

A Professional Corporation, usually abbreviated PC or P.C., is just what the name implies.  It is a Corporation made up of only Professionals.  The definition and requirements of Professional varies from state to state but Professionals are generally people who require some kind of license for what they do.  Examples of Professionals are doctors, dentists, engineers, land surveyors, accountants, architects and attorneys.

A Professional Corporation provides the same liability protection as is provided by a C Corporation.  A Professional Corporation sets a limit on the owners' personal liability for business debts and claims.  Forming a Professional Corporation cannot protect a Professional against liability for Professional negligence or malpractice, but it may protect against liability for the negligence or malpractice of an associate Professional.

Some states require that Professionals register as Professional Corporations rather than as regular general for-profit Corporations while other states allow Professionals the choice to register as a normal for-profit Corporation or as a Professional Corporation.

The process of registering a Professional Corporation is almost exactly the same as registering a C Corporation.  You file Articles of Incorporation with the Secretary of State.  Some states may require approval from a state licensing board before they will approve the Articles of Incorporation of a Professional Corporation.  Getting approval from certain state licensing boards can add a number of weeks to the Professional Incorporation approval process.
CORPORATE GLOSSARY
 
Administrative Dissolution
Agent for Service of Process
Apostille
Apportionment
Articles of Incorporation
Articles of Organization
Assumed Name
At Will LLC
Authorized Shares
B Corporation
Benefit Corporation
Board of Directors
Business Dissolution
Business Entity
Bylaws
Certificate of Existence
Certificate of Status
Certified Copy
Close Corporation
Common Stock
Conversion
Corporate Bylaws
Corporate Name Reservation
Corporate Stock
DBA
Disregarded Entity
Dividends
ESOP
Excise Tax
Federal Tax ID
Ficticious Name
Foreign Qualification
Franchise Tax
General Partnership
Good Standing Certificate
Incorporator
Involuntary Dissolution
IRS Form 966
ITIN
Limited Liability Company
Limited Partnership
Liquidation
LLC
LP
Majority Shareholder
Meetings
Merger
Nexus
Non-Stock Corporation
Nonprofit Corporation
Obligated Member LLC
Organizer
Paid-in Capital
Paid-in Surplus
Par Value
Personal Service Corporation
Preferred Stock
Privilege Tax
Professional Corporation
Professional Service
Proxy
Registered Agent
Registered Office
Reporting Requirements
Revocation
S Corporation
Series LLC
Service Mark
Shareholder
Sole Proprietor
Stated Capital
Statutory Agent
Stock Certificate
Term LLC
Trade Name
Trademark
Trust
Trustee
Winding Up
All Business Documents, Inc. is not a lawyer or an accountant and provides only document filing and retrieval services under your supervision.
All content and design copyright © 2003- All Business Documents, Inc. All Rights Reserved.
Privacy Policy Site Map Contact us