A professional corporation (PC) formed with the intention of engages in one of the learned professions, as the law, as medicine, or as the architecture. Traditionally, the professional corporations (PC) were forbidden of engages in such professions because they lacked the human, the necessary personal qualifications to follow them. In the recent years nevertheless most of the states promulgated a professional corporation (PC) or an association act that allows the professional persons to practice in the form of business provided that all shareholders are members of the profession.
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Why Professional Corporation form?
Category : Professional Corporation
Posted On : 2nd Feb 2010
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Why is this information so heavily relied on by commercial, financial, and legal sectors? How is it used and for what purpose? And I read on this site this site that LLC's didn't have the paperwork that other business had, for instance it was mentioned that you didn't need payroll with an LLC. What about recipts of purchase and how do you account for tips or "Palm Money" ?
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azuka
4th Mar 2013
I'm filing my corporate annual report. I'm not clear on alot of the boxes to fill in, particular number 12a-12g. What info are they asing for? I dont quite understand. Than you
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