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professional corporation |
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professional corporation (PC)
[prəfesh′ənəl] Etymology: L, professio, profession a corporation formed according to the law of a particular state for the purpose of delivering a professional service. In some states, corporations may not practice law, medicine, surgery, or dentistry; in some states nurses may form or be partners in a professional corporation. According to the laws of the various states, professional corporations may offer legal and tax benefits to the members of the corporation. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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