If you're starting a business that provides a professional service, you could consider both a professional association (PA) or a limited liability company (LLC ).
limited liability company (LLC
An LLC can help you avoid double taxation unless you structure the entity as a corporation for tax purposes. Business expenses. LLC members may take tax deductions for legitimate business expenses, including the cost of forming the LLC, on their personal returns.
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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?
Nov 27, 2020 · What does PA mean after attorneys name? professional association professional association (P.A.) An entity recognized as a legal person that is set up to conduct a business of professionals, such as attorneys or doctors.
What does pa stand for in legal terms?
Feb 19, 2020 · What does PA mean after attorney? 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 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 type of lawyer is a PA?
The P.A. designation usually appears after the name of a law firm. It stands for professional association and indicates that the lawyer has formed a specific entity to run the law firm. This strategy helps reduce the lawyer's personal liability associated with the firm.May 22, 2021
What does PA mean next to a name?
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. Report Abuse.Jul 9, 2018
What is a PA legal?
A Legal PA is a type of legal support professional who assists and aids an individual or management team working within a law firm or in-house department.May 25, 2021
What is the PA designation?
A physician assistant (PA) is a type of mid-level health care provider. PAs may diagnose illnesses, develop and manage treatment plans, prescribe medications, and may serve as a principal healthcare provider.
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