The PC after an attorney's name stands for professional corporation. It is a special type of firm used sometimes to show someone has gone through all the steps before being licensed. What does PC stand after a doctors name?
Unlike a regular corporation, a PC for lawyers requires that each director, shareholder and officer be licensed to practice law. Further the legal PC may only provide services in its field. A PC is a popular form of organization for a solo practitioner, as it provides some liability protection, while still allowing you to keep your solo operation.
There's a huge tax difference between a PC and a LLP or an LLC. A professional corporation is a business entity that must pay income taxes for the corporation itself, which may result in double taxation. However, with an LLP or LLC, the member pays individual taxes, not the entity itself.
It's more or less like a corporation but with special rules concerning who can own it and addressing liability issues a little differently. It's basically a corporation for attorneys or for other professionals who may need similar rules. What is the PC after an attorneys name? The PC after an attorney's name stands for professional corporation.
professional corporationA professional corporation is organized under the laws of the state in which it is formed. Unlike a regular corporation, a PC for lawyers requires that each director, shareholder and officer be licensed to practice law.
Penal CodeWhat does “PC” stand for in a booking document? PC and CPC are abbreviations for “Penal Code.” California's Penal Code is a collection of statutes that set forth the state's laws on most criminal offenses.
The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized according to the laws of the state where the professional is licensed to practice.
P.C. stands for "Professional Corporation." Many jurisdictions recognize a special type of corporation for doctors, lawyers, accountants, etc.
“Reasonable articulable suspicion” (RAS) and “probable cause” (PC) are two of the most important concepts in criminal work. However, reading those two phrases does not provide much information about what they mean, how they work, or when they apply.
Word forms: PCs If you say that someone is PC, you mean that they are extremely careful not to offend or upset any group of people in society who have a disadvantage. PC is an abbreviation for politically correct. And people who challenge PC views are often targeted with personal abuse. 'PC' 'PC'
Professional Corporation. Professional Corporations (PC) are corporations for certain occupations - typically, service professions like lawyers, doctors, architects and the like.
PCs are subject to a 35% flat federal tax rate on their corporate earnings, which can be a disadvantage since C corporations are taxed at 15 to 34% for their earnings below $100,000.
Pc groups are polycyclic groups that use the polycyclic presentation for element arithmetic. This presentation gives them a "natural" pcgs, the FamilyPcgs (46.1-1) with respect to which pcgs operations as described in chapter 45 are particularly efficient.
Professional corporationsThe letters "PC" after a business's name stand for professional corporation. Professional corporations enjoy some, but not all, of the same liability protections as general corporations.
Allen, P.C. or PC after a Doctor's name stands for Personal Corporation. It means that the doctor is not legally responsible for the mistakes of other doctors in the larger Corporation where he works.
Attorney vs Lawyer: Comparing Definitions Lawyers are people who have gone to law school and often may have taken and passed the bar exam. Attorney has French origins, and stems from a word meaning to act on the behalf of others. The term attorney is an abbreviated form of the formal title 'attorney at law'.
The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized according to the laws of the state where the professional is licensed to practice.
Any law firm can choose to become incorporated as an LLC for legal and financial protection. In most cases, if one member of an LLC has a lawsuit brought against them, the other members will be protected from liability, and only the one member will be affected.
Stands for “Information Technology,” and is pronounced “I.T.” It refers to anything related to computing technology, such as networking, hardware, software, the Internet, or the people that work with these technologies.
Medical doctor (not a chiropractor —DC— nor an osteopathic physician —DO). PC means professional corporation that he has formed to run his business activities. If he is board certified, he will also have other initials, such as FACOG (fellow of the American college of obstetricians and gynecologists), etc.
It offers limited liability, offers tax advantages, can accommodate an unlimited number of partners, and is credible in that it is registered with the Ministry of Corporate Affairs (MCA). At the same time, it has fewer compliances than a private limited company and is also significantly cheaper to start and maintain.
Limited liability partnerships are owned by its ‘members’ who are referred to as ‘partners’. LLPs don’t have shareholders or directors, nor do they have shares. You need at least two members to set up an LLP.
LLP is a separate legal entity and can hold assets in its name. The status of Partnership Firm does not have separate identity from its Partners. The liability of Partners is limited to the extent of their contribution in LLP. Further, one Partner is not affected or not held liable for the actions of another Partner.
Unlike a regular corporation, a PC for lawyers requires that each director, shareholder and officer be licensed to practice law. Further the legal PC may only provide services in its field.
A PC is much more formal, as operating decisions often require director approval and votes of shareholders. As with any corporation, you must hold shareholder and director meetings, keep records and minute books.
A professional corporation is a product of state laws which provide detailed provisions on what the corporation can and cannot do. A corporation should have its own set of by-laws and agreements that dictate the responsibilities and conduct of the corporation, its directors, and shareholders.
Unlike other states, California does not allow lawyers to form a limited liability company. Instead, California allows for the use of a professional limited liability partnership (LLP). Every other state allows for the formation of an LLC or a professional limited liability company (PLLC) for law firms.
Medical doctor (not a chiropractor —DC— nor an osteopathic physician —DO). PC means professional corporation that he has formed to run his business activities. If he is board certified, he will also have other initials, such as FACOG (fellow of the American college of obstetricians and gynecologists), etc.
adjective. If you say that someone is PC, you mean that they are extremely careful not to offend or upset any group of people in society who have a disadvantage. PC is an abbreviation for politically correct.
To set up a professional corporation, all shareholders in the business must be licensed to practice the same profession. For example, PC is the business structure commonly chosen by attorneys, doctors, architects, accountants, engineers, veterinarians, and others in similar fields.
Place the title of “Dr.” before the name of a person who is a doctor of medicine or psychology, doctor of dentistry, or doctor of veterinary medicine. For example Dr. George Ross. Always write the word “doctor” in its abbreviated form when it goes before the person’s name.
PC Answers was a computer magazine published in the United Kingdom by Future plc. It was notable for its focus on the technical side of computing. It ran several series of articles on overclocking, a “Danger!