what does pc lawyer stand for

What does PC in reference to an attorney mean?

and J.D., there are a number of other abbreviations that can follow a licensed attorney’s name:

• LL.M. This indicates an attorney esquire earned a Master of Laws (LL.M.) Degree and received advanced legal study and certification in a specific area of law.
• J.S.D. This indicates an attorney esquire earned a Doctor of Science of Law (J.S.D. ...
• Combined credentials. Many law schools have rigorous programs that allow a person to earn both a J.D. ...

What does PC mean in legal terms?

What does PC stand for in business terms? Professional Corporations (PC) are corporations for certain occupations – typically, service professions like lawyers, doctors, architects and the like. A professional corporation isn’t allowed to branch out beyond the services for which it was specifically incorporated with the state.

What does PC mean in law?

PC. 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.

What does the PC stand for at the end of an attorney's name?

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.".

What does PC stand for in court?

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.

What does PC mean at the end of an attorney's name?

professional corporationAn abbreviation for professional corporation, which is a special corporation established by professionals, such as physicians, accountants, or, in some states, attorneys, who practice together.

What does PC mean next to a name?

P.C. stands for "Professional Corporation." Many jurisdictions recognize a special type of corporation for doctors, lawyers, accountants, etc.

What is a PC person?

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. And people who challenge PC views are often targeted with personal abuse.

What is the difference between a PC and LLC?

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.

Should my law firm be an LLC?

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.

Is computer a stand for?

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.

What is a PC degree?

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.

Why is LLP better than company?

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.

Who owns a LLP?

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.

Is partnership better than 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.

What is a PC for lawyers?

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.

What is a PC in business?

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.

What is professional corporation?

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.

Can a lawyer form a limited liability company in California?

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.