and J.D., there are a number of other abbreviations that can follow a licensed attorney’s name:
What does PC stand for in business terms? 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.
However, when you see the letters "PC" with lawyers' names, other professionals' names or after a company's name, the "PC" meaning is clear: professional corporation.
personal computer, PC, microcomputer (noun) a small digital computer based on a microprocessor and designed to be used by one person at a time. see more ».
The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized according to the laws of the state where the professional is licensed to practice.
Any law firm can choose to become incorporated as an LLC for legal and financial protection. In most cases, if one member of an LLC has a lawsuit brought against them, the other members will be protected from liability, and only the one member will be affected.
Stands for “Information Technology,” and is pronounced “I.T.” It refers to anything related to computing technology, such as networking, hardware, software, the Internet, or the people that work with these technologies.
Medical doctor (not a chiropractor —DC— nor an osteopathic physician —DO). PC means professional corporation that he has formed to run his business activities. If he is board certified, he will also have other initials, such as FACOG (fellow of the American college of obstetricians and gynecologists), etc.
It offers limited liability, offers tax advantages, can accommodate an unlimited number of partners, and is credible in that it is registered with the Ministry of Corporate Affairs (MCA). At the same time, it has fewer compliances than a private limited company and is also significantly cheaper to start and maintain.
Limited liability partnerships are owned by its ‘members’ who are referred to as ‘partners’. LLPs don’t have shareholders or directors, nor do they have shares. You need at least two members to set up an LLP.
LLP is a separate legal entity and can hold assets in its name. The status of Partnership Firm does not have separate identity from its Partners. The liability of Partners is limited to the extent of their contribution in LLP. Further, one Partner is not affected or not held liable for the actions of another Partner.
Unlike a regular corporation, a PC for lawyers requires that each director, shareholder and officer be licensed to practice law. Further the legal PC may only provide services in its field.
A PC is much more formal, as operating decisions often require director approval and votes of shareholders. As with any corporation, you must hold shareholder and director meetings, keep records and minute books.
A professional corporation is a product of state laws which provide detailed provisions on what the corporation can and cannot do. A corporation should have its own set of by-laws and agreements that dictate the responsibilities and conduct of the corporation, its directors, and shareholders.
Unlike other states, California does not allow lawyers to form a limited liability company. Instead, California allows for the use of a professional limited liability partnership (LLP). Every other state allows for the formation of an LLC or a professional limited liability company (PLLC) for law firms.
Each designates a degree the attorney earned. The following are the most common lawyer initials: J.D. J.D. stands for "juris doctor” and is the degree received when an attorney graduates from law school.
If you want to practice law, you'll need to be licensed. Getting licensed earns you the lawyer abbreviation of Esq., which stands for Esquire . There are a variety of other career options available to those who earn a J.D.
It's a graduate degree and is required to practice law in the United States. LL.M. The Master of Laws (LL.M.) degree is available to people who already have a J.D. It provides advanced legal study and certification in a specific area of law, such as international law, human rights law or intellectual property law.
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).
PA = PC [Professional Corporation] in all practical respects. However, the PA will lack formal organizational documents for “a corporation” and the PA will likely have to publish the banns at the time of its formation - as do LLCs. To publish the banns [which. Continue Reading.
In the USA, lawyers use Esq., meaning “esquire, ” to indicate their status. As a social matter, though, the circumstances in which a lawyer can use Esq. as a postnominal are fairly constrained. Declaring yourself an attorney in this way is considered gauche in almost all cases.
Professional Associations are a form of business entity that is available in some states for a business that primarily engages in a professional service. The “PA” is similar to a corporation. Other professionals, like real estate agents, doctors, and architects, can also organize their business entity as a PA.
A lawyer may have a doctorate in any discipline and many have. I have friends who are practicing lawyers and physicians. One is not a doctor, in the legal academe, without an LL.D. or Ph.D. Ontario, in its rush to become more American, has seen its law schools changing the name of their degrees from LL.B. to JD.
Echoing what others have said, in the U.S. there is no typical title for a lawyer. Sometimes "counselor" is used, but strangely it doesn't seem like it's ever used with the person's name. As in: "You have a good point, counselor.".
It is not appropriate to consider a woman's marital status when addressing her professionally. Some people add Esq. after an attorney's name. That is a hold over from the title Esquire. You would use it in the address block but not the salutation.