What is a professional corporation in NY

The most popular and well known choice is certainly the professional corporation (pc) which, is permitted in every state.One or more professionals may form, or cause to be formed, a professional service corporation (p.c.) for pecuniary profit for the purpose of rendering the professional service or services that the professionals are authorized to practice.A professional limited liability corporation may not serve as a management services corporation.Division of professional licensing services.Attorneys, doctors, accountants and other licensed professionals can own their own practice, or they can form a separate legal.Professional corporations (pcs), or professional service corporations, are a unique corporate structure which is comprised of a specific group of professionals.

Here are 5 things to consider before making any large structural decisions regarding your business:Unless practicing as individuals or general partnerships, entities practicing these professions must register as a professional corporation (pc) or a professional llc (pllc).Most professional corporations are classified as personal service corporations by the irs and must file a professional corporation tax return.A professional corporation (abbreviated as pc), also known as a professional service corporation (abbreviated as psc), is a type of corporation established by state statute that permits owners of certain licensed professions, such as attorneys, architects, engineers, accountants, and dentists, to own shares in a corporation organized to render services in that profession.A california professional corporation (also known as a pc) is a type of business organization for members of certain professions, such as lawyers, doctors, accountants, and engineers.