what does pc after attorney mean

What does PC stand for after an attorney's name?

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. Structure

Is a PC Company a legal term?

Apr 21, 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.

What is a professional corporation for lawyers called?

Mar 30, 2020 · The letters "PC" after the name of a lawyer or other professional stands for "professional corporation." It's a type of legal entity used by accountants, doctors, lawyers, architects and others who provide expertise. Being a PC limits liability to being responsible only for their own actions.

Are PC companies related to lawyers?

Feb 09, 2008 · P.C. stands for "professional corporation". It means that the lawyer has incorporated himself. A "professional corporation" is a particular kind of corporation that has certain statutory requirements - usually, only members of the licensed profession (e.g., medical doctors, lawyers, accountants) can have ownership interests (be shareholders).

What does PC mean in a lawyer's title?

professional corporationA 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 mean legal terms?

An abbreviation for professional corporation, which is a special corporation established by professionals, such as physicians, accountants, or, in some states, attorneys, who practice together.

What is PC after name?

The letters "PC" after a business's name stand for professional corporation. Professional corporations enjoy some, but not all, of the same liability protections as general corporations.

What is a PC charge?

Battery under California Penal Code Section 242 PC is a frequently-filed criminal offense that involves any intentional and unlawful physical contact on another person.

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 does PC stand for in business?

"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 is a PC?

A professional corporation, abbreviated as "PC" after a company’s name, is a type of corporation often seen in professions where highly educated people provide services to those who need their expertise, such as accountants, lawyers, doctors, architects, consultants and other professionals. They are often entrepreneurs who have joined in business ...

How are PCs taxed?

PCs are taxed in a way that comes with both advantages and disadvantages. For example, PC employees have higher contribution limits on retirement plans. PCs can provide health and life insurance benefits tax free and can receive deductions for additional benefits like disability insurance.

Who is Barbara Bean Mellinger?

Barbara Bean-Mellinger is a freelance writer who lives in the Washington, D.C. area. She has written on business topics for afkinsider.com, smallbusiness.chron.com, Harbor Style Magazine, the Charlotte Sun and more, as well as advertising copy and materials.

Is a partnership a partnership?

In a partnership, all partners are liable for the actions of the other partners. This is why professionals often find a professional corporation more advantageous since they are held liable only for their own actions. A limited liability company is like a partnership but with more limited liability.

What is a PC company?

Many people see "PC" after a group of lawyers’ names, and therefore they assume a PC company is a legal term or is related to lawyers.

What is professional corporation?

It is a legal term in the sense that a professional corporation is a legal entity that provides professionals with certain tax and legal advantages. However, professional corporations are not only for lawyers; PCs benefit many types of professionals by giving them legal protections and tax advantages. 00:00. 00:02 09:16.

Sharon Elizabeth Chirichillo

A Professional Service Corporation or PLLC is intended for doctors, lawyers, dentists, architects, and other professionals who must have a license to engage in their work. Some professions are required to form Professional Service Corporations if they are going to provide services through a corporation.

Stacy Mandel Levine

PC is for "professional corporation" which is the type of business formation that they have formed. It is a corporation, but specifically allowed for certain types of professionals. Some other types of business entities you will see are Partnerships, or PLLCs, professional limited liability companies.

Janet Lee Brewer

P.C. stands for "professional corporation". It means that the lawyer has incorporated himself. A "professional corporation" is a particular kind of corporation that has certain statutory requirements - usually, only members of the licensed profession (e.g., medical doctors, lawyers, accountants) can have ownership interests (be shareholders).

What is a PLLC?

The purpose of organizing a company as a PLLC -- or as a regular LLC -- is to shield the owners from being held personally responsible for the debts of the business. In sole proprietorships and general partnerships, the owners have unlimited liability, meaning that if the business doesn't pay its debts, ...

What is a PLLC in Arizona?

When a law firm or other business registers itself as a PLLC with the state, the organizers of the company must be licensed professionals. Rules vary by state, but typically, the majority of ownership in any PLLC must be held by licensed professionals. In Arizona, for example, unlicensed professionals can own no more than a combined 49 percent of the voting interest in a PLLC.

Who is Cam Merritt?

Cam Merritt is a writer and editor specializing in business, personal finance and home design. He has contributed to USA Today, The Des Moines Register and Better Homes and Gardens"publications. Merritt has a journalism degree from Drake University and is pursuing an MBA from the University of Iowa. Image Credit.

Can a PLLC refuse to pay damages?

In other words, a lawyer operating in a PLLC can't refuse to pay damages in a malpractice lawsuit on the grounds that liability for the malpractice rests with the PLLC, not the individual professionals.

Can a licensed professional form an LLC?

According to the legal information site Nolo, most states don't allow licensed professionals to form regular LLCs, which is why they devised the PLLC structure. Others, such as Arizona, allow professionals to form regular LLCs unless specifically prohibited from doing so by the licensing board.