Why Professional Corporation form?

 
Existing customers please login to check the status of your order at Infotax Square Login here (0) (0)
Category :
Posted On : 2nd Feb 2010

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.

0 Reviews from our clients

What people say about this article