Mar 27, 2014 · What does PC stand for after an accountants name? PC or "P.C." stands for "Professional Corporation", a special form of corporation which retains some personal liability for the principals of the...
By: Roger Thorne, J.D. ••• 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.
Jun 27, 2018 · 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. The lawyer abbreviation LL.M. is often obtained by international lawyers who want to earn global credentials.
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.
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.
LL.B. The Legum Baccalaureus (LL.B.) is the foreign equivalent of a J.D. It's not available in the U.S.
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.
When reading the names of some attorneys, it can seem like there's an entire alphabet written after the surname. Essentially, the more education an attorney has, the more lawyer abbreviations you might find after the individual's written name. If you have any interest in going to law school, it's helpful to understand the meaning behind the abbreviations and know which of these degrees may work best for you.
The all-cap letters "PC" can stand for many things in our lives. 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, other professionals' names or after a company's name, the "PC" meaning is clear: professional corporation.
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.
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.
"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.
In a partnership, all partners are liable for the actions of the other partners. This is why professionals often find a professional corporation more advantageous since they are held liable only for their own actions. A limited liability company is like a partnership but with more limited 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.
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.
In some common law countries the professions of solicitor and barrister are fused together and, in many of those countries, the term “attorney” is used to describe lawyers.
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 England and Wales we used to have attorneys, who advised clients and prepared cases for trial in courts of law (“law” having an arcane and restrictive meaning in this context). The same job was done by solicitors in courts of equity, a parallel system of courts which applied different rules.
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.
After 1873 law and equity were dealt with in the same court and at the same time; today the principles of equity are simply one part of “the law”, in its broad and generally unde
The "P.A." does not actually follow an attorney’s name, but rather their firm or business name (which is usually named for the attorney (a) that found it).