professional corporation

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professional corporation n. a corporation formed for the purpose of conducting a profession which requires a license to practice, including attorneys, physicians, dentists, certified public accountants, architects, and real estate brokers. Most states provide for such corporations under special statutes which allow the corporation to operate with a single director, who is a professional. However, unlike other corporations, the organization does not provide a shield for liability for any professional negligence (malpractice) by the licensed professionals. (See: corporation)

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P.C. profession			In Letter Ruling 9701026, three shareholders in a professional corporation were also partners in a partnership that owned and leased an office building to the professional corporation. Guiding clients through the transfer-for-value maze by Levin, Philip / The Tax Adviser GRIENER PROFESSIONAL CORPORATION 02-15 TIMMINS ROBERT M. Northern Inc by Northern Ontario Business The ability enables physicians to pay corporate tax rates that are lower than personal tax rates and to split income with family members by enabling them to become shareholders of a professional corporation. Ontario and doctors agree by Community Action			proemial Proenomen profane profane interjection profane language profane oath Profanely Profaneness or profanity profanity profanus profectio Profectitus proferre Profert in curia profess professed professed belief professed purpose professio Professio Juris profession profession of faith professional professional advice Professional conduct of police professional corporation professional decision professional error of judgment professional ethics professional fee professional force professional language professional laxness professional misconduct professional neglect professional negligence Professional Responsibility professional staff professional standards professional vocabulary professionalism professorate professorial professors proffer proffer payment proffered proficiency proficient proficient practitioner proficisci			Professional Component Professional Compounding Centers of America, Inc. Professional Computer Professional Computer Group Ltd. Professional Computer Integration Professional Computer Repair & Training Service Professional Computer Solutions Inc Professional Computer Technology Associates Professional Concepts Insurance Agency, Inc. Professional Conduct and Opportunities Professional Conduct Enquiry Committee Professional conduct of police Professional Conference on Industrial Hygiene Professional Congress Organization System Professional Congress Organizer Professional Construction Estimators Association Professional Construction Management Professional Consultants, Inc. professional consultation professional consultation professional consultation Professional Content Writers Professional Continuing Education Professional Contractors Group Professional Controllers of Washington DC Professional Convention Management Association professional corporation Professional Cost Estimator/Analyst Professional Council for Religious Education Professional Council of Federal Scientists & Engineers Professional courtesy Professional Creative Services Professional Credentials Verification Service Professional Cricketers' Association Professional Crime Professional Currency Dealers Association, Inc. Professional Customer Service Representative Professional Cycling Tour Professional Cyclists Association Professional Dairy Heifer Growers Association Professional Dairy Managers of Pennsylvania Professional Dairy Producers of Wisconsin Professional Dance Teachers Association professional dancer Professional Darts Corporation Professional Darts Players Association Professional Data Systems Professional Decal Application Association professional decision Professional Decorative Painters Association Professional Defense Solutions International

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