P.A. stands for “Professional Association” which is a type of business entity which can only be created by people in certain professions (most commonly lawyers). It's similar to a partnership, but is specifically fair a business whose operators are a specific type of skilled professional.
What does PA mean when referring to a lawyer?
Jul 09, 2018 · 1 ANSWER. Professional Association, which is a form of entity, like a corporation or limited liability company. It means that the lawyer has formed an entity to run his business, which is standard, as it reduces the risks of personal liability by the members of the association.
What does PA mean after lawyers name?
What does pa stand for in legal terms?
What does PPL pa stand for?
Answer (1 of 7): Professional Association. Some US states permit lawyers to organize their incidental business activities behind a personal liability shield. Thus, if you sell legal-sized printer paper to a “PA”; and if your bill is not paid; you may have …
What is a PA?
A PA is an entity designed for businesses offering a professional service. In some jurisdictions, only certain service professions can form a PA. Common professions that utilize the PA designation include:
What is LLC in business?
It offers pass-through taxes, limits on an individual's personal liability, and legal protection for an owner's personal assets. There are no residency requirements for an LLC.
Understanding Professional Associations
A PA is an entity designed for businesses offering a professional service. In some jurisdictions, only certain service professions can form a PA. Common professions that utilize the PA designation include: 1. Medical doctors 2. Veterinarians 3. Lawyers 4. Architects Generally, people who own and run PAs must be licensed i…
Understanding LLCs and PLLCs
- An LLC provides a business structure for businesses operated by one or more people. One of the many attractions of an LLC is that it provides a simple business structure. It offers pass-through taxes, limits on an individual's personal liability, and legal protection for an owner's personal assets. There are no residency requirements for an LLC. For persons interested in establishing …
Check with The State
- For people considering establishing a business structure, you can contact the state to determine what options are available. Each state also has information on the limits of different types of business structures. After determining which business structures your planned business may qualify for, take time to consider the tax consequences of one structure over another. The journe…
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