Pennsylvania Professional Corporation Form
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People also ask
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What's difference between professional corporation and LLC?
LLC members can run the business without any specific skills or certifications. Each owner in a PC must be a licensed professional to operate. Another difference between a PC and LLC is in how the entities are taxed.
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What are the different types of business entity in PA?
There are four main types of business structures: sole proprietorships, partnerships (general or limited), limited liability companies (LLCs), and corporations. Each business structure has its own characteristics, which are outlined at a high level in this section.
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What is a professional vs non professional LLC?
With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals. A PLLC cannot be used to shield the members from claims for malpractice.
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Is PA a professional corporation?
A corporation may elect professional corporation status for the rendering of professional services, including services ancillary to them. The corporate name must include “professional corporation,” “professional association,” “service corporation,” or “chartered,” or the abbreviation “P.C.,” “PC,” “P.A.,” or “PA.”
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What is the difference between a professional association and a professional corporation?
For the majority of states, the phrase “professional association” is simply another way to reference a professional corporation. Thus, most “professional associations” are, in-fact, merely professional corporations.
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What are restricted professional services in PA?
Restricted professional services are defined as the following professional services: chiropractic, dentistry, law, medicine and surgery, optometry, osteopathic medicine and surgery, podiatric medicine, public accounting, psychology or veterinary medicine.
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What is a restricted professional company in Pennsylvania?
For more information about this filing, call 717-787-1057 or visit its web site at: http://.dos.state.pa.us. A Restricted Professional Company (RPC) is a unique type of LLC. Licensed professionals that restrict their practice to medicine, law or accounting may form an RPC.
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What is a professional limited company?
A Professional Limited Liability Company, or PLLC, is a special type of LLC that's designed for licensed professionals, such as accountants, lawyers, and doctors. Typically, professions who require a professional license.
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