professional corporation

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profes′sional corpora′tion

a corporation formed esp. by licensed medical or legal professionals to operate their practices on a corporate plan. Abbr.: PC, P.C.
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The New Hampshire Benefit Corporation Act provides that any New Hampshire business or professional corporation may elect to be treated as a benefit corporation under the art by designating in its articles of incorporation that it is a benefit corporation.
Unlike a regular corporation, a professional corporation does not limit your liability except for non-professional matters.
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Newport Bancorp, Inc.
Gilead took counsel from Wilson Sonsini Goodrich & Rosati, Professional Corporation and Blake Cassels and Graydon LLP.
Typically they are organized under state professional corporation and professional association acts.
She grew up in the industry--father is the founder of Skyline Professional Corporation, where she spent a year as an account executive.
In 1976 the Professional Corporation of Physicians of Quebec suspended Morgentaler's medical licence, not for performing abortions, but for performing them badly.
The ability enables physicians to pay corporate tax rates that are lower than personal tax rates and to split income with family members by enabling them to become shareholders of a professional corporation.
Sales have grown rapidly and both the professional corporation and the retail sales corporation need additional space.
Because corporation statutes vary between states, it is cumbersome to operate as a professional corporation if the accounting firm operates in numerous states.
A professional corporation he owned on paper subsequently settled when several insurers sued to recover their payments.
Harris' plan is funded by his professional corporation, so his 2002 contribution must be made by the deadline for filing corporate returns for 2002: March 17, 2003.

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