what does pc mean after an attorney name

What does PC stand for after an attorney 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

What does PC after a law firm name mean?

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.

What does PC mean after an accounting firm?

Apr 16, 2022 · 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 does PC mean in 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. In most jurisdictions, a professional corporation may be organized by professionals who render a personal service to the public that requires a license and that, before proper statutory …

What is a PC after a name?

Understanding "PC" After a Name. 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.

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.

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.

What does it mean to be a PC?

The personal computer became known as a PC shortly after its debut. More recently, being PC has meant being politically correct, or saying what is customarily accepted as the "right" thing to say to avoid offending anyone regardless of what you might want to say. However, when you see the letters "PC" with lawyers' names, ...

Does PC cover all liability?

Designed specifically to give some protection from liability to professionals such as doctors, lawyers, architects and others, "PC" does not excuse all liability — it still holds professionals accountable for their own actions.

Can a doctor in a solo practice and a PC of doctors join an LLC?

So, a doctor in a solo practice and a PC of doctors could join an LLC that has other doctor members as well. A disadvantage, however, is that members of an LLC are generally required to carry a high level of malpractice insurance.

Is PC a legal entity?

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. 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;

3 attorney answers

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.

Sharon Elizabeth Chirichillo

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.

Stacy Mandel Levine

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).