professional corporation
The letters “PC” after a business’s name stand for professional corporation. Many states, like Delaware, reserve the designation of Professional Corporation for licensed professionals, like doctors, accountants and architects.
What does PC mean as a lawyer?
A professional corporation is organized under the laws of the state in which it is formed. Unlike a regular corporation, a PC for lawyers requires that each director, shareholder and officer be licensed to practice law. Further the legal PC may only provide services in its field.
What does PC mean professional?
Professional Corporation
The Professional Corporation (PC) and Professional Limited Liability Company (PLLC) are the formations of choice for many business owners who work in accounting, law, medicine, architecture, engineering and related fields.
What is a PC vs LLC?
The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized according to the laws of the state where the professional is licensed to practice.
What kind of corporation is a PC?
Professional Corporation. Professional Corporations (PC) are corporations for certain occupations – typically, service professions like lawyers, doctors, architects and the like. A professional corporation isn’t allowed to branch out beyond the services for which it was specifically incorporated with the state.
What does PC mean after doctors name?
Allen, P.C. or PC after a Doctor’s name stands for Personal Corporation. It means that the doctor is not legally responsible for the mistakes of other doctors in the larger Corporation where he works. If a doctor makes his practice a personal corporation he must identify himself by placing the P.C. after his name.
What type of corporation is PC?
Professional corporations
Professional corporations or professional service corporation (abbreviated as PC or PSC) 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, engineers, public accountants and physicians …
What is PC short for?
PC is an abbreviation for `personal computer’.
What does PC stand for in a company name?
State laws dictate the indicator that must be part of the corporate name-PC for Professional Corporation, PA for Professional Association, and PLLC for Professional Limited Liability Companies.
What does PC stand for after a doctor’s name?
PC after a physician’s name signifies that the person is a primary care physician. This is a doctor who focuses on general and preventive health. What do the initials PC stand for at the starting of a name?
What does PC stand for in a dictionary?
PC – What does PC stand for? The Free Dictionary Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Idioms, Encyclopedia, Wikipedia . Copyright 1988-2018 AcronymFinder.com, All rights reserved. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster’s page for free fun content .
Where can I find list of professional designations?
Many professional designations in the United States take the form of post-nominal letters. Certifications are usually awarded by professional societies or educational institutes.
