Corporations Professional Corporation Law and Legal Definition
A professional corporation is a corporation formed for the purpose of conducting a profession which requires a license to practice, such as attorneys, physicians, dentists, chiropractors, 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.
Legal Definition list
- Corporations Pre Incorporation
- Corporations Other
- Corporations Officers and Employees
- Corporations Non Profit
- Corporations Foreign Corporations
- Corporations Professional Corporation
- Corporations Public
- Corporations Registered Agents
- Corporations Resolutions and Minutes
- Corporations Shareholders
- Corporations Stock
Related Legal Terms
- Accountants Professional Liability Insurance
- Accounting Professional Standards
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Alaska Native Corporation
- Allied Health Professionals
- Amended and Restated Articles of Incorporation
- American Board of Professional Psychology [ABPP]
- American Municipal Bond Assurance Corporation
- Ancillary Corporation
