Professional corporation

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Professionial corporations (abbreviated as PC or P.C.) are 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. Legal regulations applying to professional corporations typically differ in important ways from those applying to other corporations.^[1] 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 (cf. LLP).^[1] Such corporations must identify themselves as professional corporations by including "PC" or "P.C." after the firm's name.^[2] Professional corporations often exist as part of a larger, more complicated, legal entity; for example, a law firm or medical practice might be organized as a partnership of several or many professional corporations.^{[citations needed]}

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^ ^a ^b "Professional corporation" in "Glossary". Nolo: Your Legal Companion (nolo.com). Retrieved on 2008-05-27. “A legal structure authorized by state law for a fairly narrow list of licensed professions, including lawyers, doctors, accountants, many types of higher-level health providers and often 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.”
^ "Starting Corporations". Business Owners ToolKit: Total Know-How for Small Business Owners (toolkit.com). Retrieved on 2008-05-27. “Professional corporations. The corporate form can also be used for professional service providers. The main advantage of incorporating is that professionals in the corporation are not liable for the malpractice of others in the corporation, but they still remain liable for their own individual acts. Incorporating a professional corporation is essentially the same as incorporating any other corporation. A professional corporation however, must identify itself as such by including the following in its name: P.C., P.A., chartered, or incorporated.”