Why Professional Corporation form?

Category : Professional Corporation
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.

2 Reviews from our clients

What people say about this article

User Image

azuka

  • star
  • star
  • star
  • star
  • star_border

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

Replies
Reply from: infotaxsquare.com | 2013-03-04

Dear Azuka,

Thanks for choosing InfoTaxSquare.com for your business needs. You can use following link to File Corporation Annual Report or can be called at 516.822.3100 to place order over the phone.

https://www.infotaxsquare.com/forms/annual_report_filing.php?o=co


Committed to give our users most updated news!
For instant news please subscribe at www.InfotaxSquare.com


InfoTaxSquare.com
Business Documents
Filing!




User Image

Judah

  • star
  • star
  • star
  • star
  • star_border

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" ?

Replies
Reply from: infotaxsquare.com | 2010-03-24

Dear Judah: Thanks for choosing InfoTaxSquare.com for your business. Yes, payroll is not mandatory for members  in LLC and you can claim any legitimate expenses incurred for your business.

If you have any question please either email us at support@infotaxsquare.com or call at 516.822.3100. We will be more than happy to assist you.

InfoTaxSquare.com
Business Documents
Filing!

Your order has been processed successfully, congratulations! To check the status of your order, log in on the front page.
Our customer service number is 1+(516).822.3100.