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.
References in periodicals archive ?
The potentially significant tax liability at the corporate and shareholder levels could deter professional corporations from accepting otherwise favorable merger offers from accounting firms organized as limited liability partnerships.
Regardless of the calculations, if the professional corporation can zero out income for 10 years, no built-in gains tax will ever be paid.
MEROTTO MEDICINE PROFESSIONAL CORPORATION 03-31 CHELMSFORD
Aubrey Bassler Medicine Professional Corporation 03-20 Marathon
Peter Dawes Professional Corporation 02-22-2006 Dryden
Alternatively, even though the property will be depreciable by the corporation, all of Bill's gain will receive capital gain treatment if Carl's professional corporation purchases the property.
Pension Trust, which involved a oneman professional corporation engaged in architecture, the Tax Court stated: "As the sole employee of ECI [Catalano] is the fount of that company's income.
Eric Robinson Medicine Professional Corporation Sudbury
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Epoch Holding Corporation ("Epoch" or the "Company") (Nasdaq GS: EPHC), the parent company of Epoch Investment Partners, and other violations of state law by the board of directors of Epoch relating to the proposed acquisition of the Company by Toronto-Dominion Bank Group ("TD").
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Plains Exploration & Production Company ("Plains" or the "Company") (NYSE: PXP) and other violations of state law by the board of directors of Plains relating to the proposed acquisition of the Company by Freeport-McMoRan Copper & Gold Inc.
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of McMoRan Exploration Company ("McMoRan" or the "Company") (NYSE: MMR) and other violations of state law by the board of directors of McMoRan relating to the proposed acquisition of the Company by Freeport-McMoRan Copper & Gold Inc.
BALTIMORE -- Brower Piven, A Professional Corporation is investigating potential claims on behalf of shareholders of Alcon, Inc.

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