what psc means attorney

Not too sure about this, but will give it a shot - A lawyer whose law practice involves "Securities and Corporations ?" ????????????????????????????????????? P.S.C. stands for "Professional Services Corporation." It means the same thing as Inc., Ltd., L.L.C., or Corp, among others.

Full Answer

What is a PSC?

Dec 18, 2019 · 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 is the full form of PSCP?

Law PSC abbreviation meaning defined here. What does PSC stand for in Law? Get the top PSC abbreviation related to Law.

What are the tax implications of a PSC?

Oct 17, 2005 · P.S.C. stands for "Professional Services Corporation." It means the same thing as Inc., Ltd., L.L.C., or Corp, among others. All businesses that are set up as and doing business as a corporation are required to divulge the fact that they are set up as a corporation to the public. Which raises the question- Why would a business seek to do business as a corporation?

What is a person of significant Control (PSC)?

Professional Corporations Law and Legal Definition. A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional services—such as doctors, lawyers, accountants, consultants, and architects. "Professionals," Frederick W. Dailey explained in his book Tax Savvy for Small Business, "are treated as small businesses under the …

What does PSC stand for after a name?

Public Service Commission (disambiguation), regulatory bodies, with competence varying by jurisdiction.

Who is higher advocate or attorney?

An advocate is a specialist lawyer who represents clients in a court of law. Unlike an attorney, an advocate does not deal directly with the client – the attorney refers the client to an advocate when the situation requires it.Nov 20, 2020

What is the highest position in lawyer?

Chief Legal Officer The top legal position in a large corporation usually earns a multimillion dollar executive salary and may earn millions more in stock awards or options. The chief legal officer, sometimes called the general counsel, has responsibility for ensuring that company actions are legal.

What does the title PC mean?

professional corporationThe letters "PC" after a business's name stand for professional corporation. ... Many states, like Delaware, reserve the designation of Professional Corporation for licensed professionals, like doctors, accountants and architects.

What is an attorney called?

A lawyer (also called attorney, counsel, or counselor) is a licensed professional who advises and represents others in legal matters. Today's lawyer can be young or old, male or female.Sep 10, 2019

Do attorneys go to court?

In a nutshell, an attorney is a person trained in law who has obtained an LLB (Bachelor of Laws) degree at a university. Normally attorneys will not represent people in court. They may act as legal consultants and policy advisers or give general advice.Mar 29, 2021

Who earns more lawyer or judge?

The most productive (and highest earning) years of a lawyer's life are usually between the ages of 50 and 70. While the burden on a high court or Supreme Court judge is just as much as that on a lawyer of the same age, they have to make do with a small fraction of the remuneration.Jul 7, 2015

What is the best career in law?

Highest paying legal jobsIntellectual property paralegal. ... Litigation lawyer. ... General counsel. ... Contracts lawyer. ... Employment lawyer. ... Chief legal officer. National average salary: $148,051 per year. ... Patent attorney. National average salary: $162,214 per year. ... Corporate lawyer. National average salary: $250,028 per year.More items...•Feb 22, 2021

Does PC mean attorney?

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 PLLC stand for in law?

professional limited liability companyA professional limited liability company (PLLC) is a business structure that offers personal asset protection for business owners in licensed occupations, such as medicine and law. Only recognized in some states, PLLCs are subject to the same laws as ordinary LLCs.

What does PC mean in a lawyers Title?

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 ...

PERSONAL SERVICE CORPORATIONS

Most professional corporations qualify as personal service corporations (PSC) for federal tax purposes, provided that they also qualify under state law.

ADVANTAGES AND DISADVANTAGES

Organizing as a professional corporation offers many potential advantages to qualified small business owners. Some of the primary advantages involve tax breaks that are not available to unincorporated businesses.

CHOOSING AMONG THE ALTERNATIVES

Many states now provide professionals with several options about how to organize their businesses. The main alternatives to forming a professional corporation or personal service corporation include organizing as a limited liability company (LLC) or as a limited liability partnership (LLP).

BIBLIOGRAPHY

Dailey, Frederick W. Tax Savvy for Small Business: Year-Round Tax Advice for Small Businesses. Nolo Press, 2005.