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 does PC in reference to an attorney mean?
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 stand for after an attorney name?
Mar 28, 2014 · What does the letters PC stand for after and attorneys name? PC stands for Professional Corporation or Professional Company.
What is the difference between a LLC and a PC?
P.C. 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 does the PC after an attorney's name mean?
Jul 16, 2021 · Professional Corporations (PCs), also known as professional service corporations, were created to allow certain kinds of professionals such as physicians, lawyers, accountants, or engineers to do business together. PCs might show up as S-corporations, C-corporations, or LLCs on their tax forms.
What is a business attorney?
A business attorney can also answer many of the questions you may have about setup and liability for business in your area. They can also make any requirements from a board of directors to stock shares and more.
Who are the health care professionals?
health care professionals (audiologists, dentists, nurses, opticians, optometrists, pharmacists, physical therapists, physicians, and speech pathologists) Of course, this is a general list. For a more precise list of professional corporation owners and more, it’s best to look at your state.
Who is Shaheen Manshoory?
Manshoory is a trial attorney specializing in criminal defense law, specifically litigation of complex criminal matters in state, federal, and juvenile courts, including the defense of professionals, corporations, and high-profile matters. A graduate of SCALE, a two-year, fully accredited, Juris Doctor program at Southwestern School of Law, Mr. Manshoory focused on integrating substa...
What is a PC in business?
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.
What is the difference between a PC and an LLC?
There's a huge tax difference between a PC and a LLP or an LLC. A professional corporation is a business entity that must pay income taxes for the corporation itself, which may result in double taxation. However, with an LLP or LLC, the member pays individual taxes, not the entity itself.
What is professional corporation?
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.
What happens if there is no written agreement?
So, if there is no written agreement or the agreement doesn't address particular issues, the LLP or LLC will be subject to the gap-filling provisions in their states' business code.
Can a lawyer form a limited liability company in California?
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.
What is a professional corporation?
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.
What is a licensed professional in California?
In California, licensed professionals are limited to forming a sole proprietorship, general partnership, or professional corporation (PC). One advantage of an LLC is that each owner—also called a member—has limited liability, which means they are not personally liable for the financial obligations of the LLC.
Why is it important to choose the right business structure?
It's important to choose the right business structure to protect your business from unforeseen legal and tax consequences. When choosing between an LLC and a PC, check the state statutes to make sure the legal entity can operate in your state.
Do LLCs have to pay state taxes?
LLCs are not required to pay state taxes in most states—again, check your state statutes. The owner pays state taxes on their personal tax return. A few states require LLCs to also pay state taxes. In addition, some states impose a fee, often called an annual registration fee, franchise tax, or renewal fee.
What is the best laptop for lawyers?
Ultimately, the best laptop for lawyers depends on you—the lawyer. You should choose a laptop based on the way you work, where you work, your personal style, and your budget. These factors are unique to you, so the best laptop for another lawyer may not be the best option for you.
What to look for when choosing the best laptop for lawyers
The best laptop for lawyers isn’t necessarily the most expensive or the most technologically advanced. You need to consider multiple factors when choosing a laptop, including screen size, weight, battery life, and the types of ports and inputs it offers.
What type of laptop is best for lawyers: Mac or PC?
There’s very little a Windows-based PC can do that a Mac can’t, or vice-versa. That’s why deciding to use a Mac or PC today is very much a personal choice. Apple’s MacBooks are typically more expensive than PC laptops with similar specifications. But MacBooks usually have longer lifespans and better resale value.
The best MacBook for lawyers
If you decide to purchase one of Apple’s laptops, you have fewer options to consider than a PC. In a way, it’s easier to decide that way. And you can’t go wrong with a 13″ MacBook Pro with Apple’s new M1 CPU, which is Apple’s all-new powerful computer processing chip.
The best Windows PC laptop for lawyers
With Windows-based PCs, your options are nearly endless, but a Dell XPS 13 should meet most any lawyer’s day-to-day needs.
Beyond Mac or PC: Laptop alternatives for lawyers
If neither Mac nor PC seems right for you, don’t despair. Other available alternatives might meet your needs better. You may even find that the best laptop for you isn’t actually a laptop at all.
Laptop recommendations for lawyers
Factoring in all of the above can make decision-making difficult. To help, we’ve gathered a few recommendations:
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