In some states, it isn't uncommon to see the name of a law firm or attorney's office with the letters "PC" after it. PC stands for "professional corporation." Like limited liability companies, corporations and other business structures, professional corporations are legally recognized business entities in some states.
What does PC after a law firm or attorney's office mean?
Apr 17, 2004 · P.C. stands for "Professional Corporation." Many jurisdictions recognize a special type of corporation for doctors, lawyers, accountants, etc. called a "Professional Corporation."
What does PCC stand for in legal terms?
Feb 11, 2021 · “PC” after a company’s name stands for “professional corporation,” a type of corporation used by professionals such as lawyers, accountants and doctors because of the limited liability and tax advantages it provides.
What does PPC stand for in legal terms?
PC. In some states, it isn't uncommon to see the name of a law firm or attorney's office with the letters "PC" after it. PC stands for "professional corporation." Like limited liability companies, corporations and other business structures, professional corporations are legally recognized business entities in some states.
What is the abbreviation for Public Attorney?
Apr 21, 2020 · Posted on Apr 22, 2020. The initials pc after an attorney's name mean typically refers to the business or corporate name of the attorney or their law firm and is short for Professional Corporation and would be similar to a LLC, but a different corporate structure. This answer is for informational purposes only.
What does PC mean in lawyer?
Professional CorporationsGrowing a Law Firm: Professional Corporations A professional corporation is organized under the laws of the state in which it is formed. Unlike a regular corporation, a PC for lawyers requires that each director, shareholder and officer be licensed to practice law.Sep 26, 2018
What does PC stand for in court?
Penal CodePC and CPC are abbreviations for “Penal Code.” California's Penal Code is a collection of statutes that set forth the state's laws on most criminal offenses.Dec 9, 2020
What does PC after someone's name mean?
Professional corporationsProfessional corporations or professional service corporation (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and physicians ...
1 attorney answer
The initials pc after an attorney's name mean typically refers to the business or corporate name of the attorney or their law firm and is short for Professional Corporation and would be similar to a LLC, but a different corporate structure.
Evan Kyle Guthrie
The initials pc after an attorney's name mean typically refers to the business or corporate name of the attorney or their law firm and is short for Professional Corporation and would be similar to a LLC, but a different corporate structure.
What are the advantages of LLC?
That means that members' personal assets are legally distinct from the LLC's assets. So, in the event someone sues the LLC, member assets are shielded from the proceeds of the lawsuit.
Is an LLP a partnership?
As the name suggests, an LLP is a partnership, which means, in contrast to an LLC, that there is no flexibility for creating centralized management.
Does an LLC pay taxes?
An LLC also provides members with pass-through taxation, which means that the LLC does not pay taxes on profits earned. Instead, profits "pass through" to the members, who pay personal income taxes on profits distributed by the LLC.
Is it easier to start an LLC?
Another advantage is that an LLC has minimal paperwork requirements, which makes launching an LLC rather easy. An LLC can have multiple members or as few as one member. As such, it is advantageous for someone with a small home-based business to incorporate as an LLC.
What does J.D. stand for in law?
Each designates a degree the attorney earned. The following are the most common lawyer initials: J.D. J.D. stands for "juris doctor” and is the degree received when an attorney graduates from law school.
What is a J.S.D.?
A Doctor of the Science of Law (J.S.D. or S.J.D.) is the equivalent of a Ph.D. in law. Attorneys who get these lawyer initials generally become scholars or teachers of law and social sciences. This is a very specialized degree that's selectively awarded. LL.B.
What does "esq" mean in law?
If you want to practice law, you'll need to be licensed. Getting licensed earns you the lawyer abbreviation of Esq., which stands for Esquire . There are a variety of other career options available to those who earn a J.D.
What is LL.M. law?
It's a graduate degree and is required to practice law in the United States. LL.M. The Master of Laws (LL.M.) degree is available to people who already have a J.D. It provides advanced legal study and certification in a specific area of law, such as international law, human rights law or intellectual property law.
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