Professional 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.
What does PC Stand for? PC stands for Production Cost. In order to know the meaning of the term production cost, it is necessary, in the first place, to discover the etymological origin of the two words that give it shape: -Cost, in the first place, comes from Latin.
“ personal computer ” after a company ‘s name stands for “ professional pot, ” a type of corporation used by professionals such as lawyers, accountants and doctors because of the limited indebtedness and tax advantages it provides.
What Does PC Mean After a Business Name?
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 ...
A professional corporation or PC is one variation of a corporation. Licensed professionals who want to incorporate their practice can form a PC. However, the shareholders, directors, and officers must belong to the same profession.
P.C. stands for "Professional Corporation." Many jurisdictions recognize a special type of corporation for doctors, lawyers, accountants, etc.
However, when practising law, lawyers can only provide legal assistance, advice, and counselling to their clients while an attorney can represent clients in court and initiate defendant prosecutions in addition to providing legal counsel and consultation.
Professional Corporations (PC) are corporations for certain occupations - typically, service professions like lawyers, doctors, architects and the like. A professional corporation isn't allowed to branch out beyond the services for which it was specifically incorporated with the state.
The esquire title isn't generally used by an attorney when referring to himself. Instead, it's a courtesy title that is used when addressing correspondence to a practicing lawyer, or attorney, who is now an esquire. For example, you might write on an envelope: Ms. Jane Smith, Esq.
"Esq." or "Esquire" is an honorary title that is placed after a practicing lawyer's name. Practicing lawyers are those who have passed a state's (or Washington, D.C.'s) bar exam and have been licensed by that jurisdiction's bar association.
Real Estate Acronyms - Alphabet SoupABRAccredited Buyer Representative, a certification of NAR for buyer representationPCPresident's Circle – A RPAC Major Investor who invests an additional $2,000 directly to REALTOR® Champions from a pre-approved list by the national RPAC Disbursement Trustees.72 more rows
The esquire title isn't generally used by an attorney when referring to himself. Instead, it's a courtesy title that is used when addressing correspondence to a practicing lawyer, or attorney, who is now an esquire. For example, you might write on an envelope: Ms. Jane Smith, Esq.
Tip. "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.
'PC' most likely means 'Photo/Picture Credit' or 'Photo/Picture Courtesy.
Limited liability partnershipLimited liability partnership (LLP) is a type of general partnership where every partner has a limited personal liability for the debts of the partnership. Partners will not be liable for the tortious damages of other partners but potentially for the contractual debts depending on the state.