"Professional Corporations (P.C.)"

This special form of corporation is for use by specific sets of licensed professionals such as attorneys, architects, engineers and doctors. This type of corporation is identified by the use of the abbreviation P.C. after its corporate name. The rules applying to professional corporations typically differ in important ways from those applying to other corporations. On the one hand, professional corporations can have a single director. On the other hand, they do not usually afford the same degree of limitation of liability as ordinary business corporations. Professional corporations often exist as part of a larger, more complicated, legal entity. For example, a law firm or medical practice might be organized as a partnership of several or many professional corporations.

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