what does pc stand for lawyer

What does PC mean for lawyer?

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 PC mean in legal terms?

Apr 17, 2004 · What is the meaning of the abreviation "PC" after a lawyer's name as in John Jones, PC ? Hello. P.C. stands for "Professional Corporation." Many jurisdictions recognize a …

What does PC stand for after an attorney name?

Law PC abbreviation meaning defined here. What does PC stand for in Law? Get the top PC abbreviation related to Law.

What does attorney PC mean?

Sep 26, 2018 · A 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. Further the legal PC may only provide services in its field.

What does PC mean in a Lawyers Title?

Professional corporations or professional service corporation (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and physicians ...

What is a PC in law terms?

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

Why do some lawyers have PC after their 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." Like limited liability companies, corporations and other business structures, professional corporations are legally recognized business entities in some states.

Why do lawyers use PC?

Increasingly, attorneys use computers and the Internet to obtain new clients. Many attorney websites provide valuable general information such as explanations of legal rights and the legal process. Some websites allow a potential client to directly email or chat with an attorney before scheduling a consultation.Dec 27, 2018

What does PC stand for in criminal justice?

“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.

What does PC stand for after someone's name?

"PC" after a company's name stands for "professional corporation," a type of corporation used by professionals such as lawyers, accountants and doctors because of the limited liability and tax advantages it provides.Mar 30, 2020

Is a PC an S or C corporation?

PCs are generally taxed like a C-Corporation, with the PC paying taxes at the corporate rate, which can lead to double taxation. PLLCs, on the other hand, are taxed like LLCs, which generally have pass-through taxation of the members.

Is a PC the same as an 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.

What type of entity is a PC?

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.Aug 19, 2015

Do lawyers use PC or Mac?

Even though 90% of law firms use Windows, most lawyers use iPhones and other Apple products.Aug 29, 2019

Should lawyers use Mac or PC?

According to an article published by the American Bar Association, lawyers who use Mac can trust their computers, while those who use PCs cannot. The article states that many law firms are converting to all Mac systems because of their efficiency and ease of use.Jul 27, 2015

Do law firms use Macbooks?

Stevens concurs, stating that “most law students use Macs (and have for many years), and because they are already aware of their benefits, they are more inclined to want to continue using them in their practices.”Jul 19, 2017

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 the difference between a PC and an LLC?

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.

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.

What happens if there is no written agreement?

So, if there is no written agreement or the agreement doesn't address particular issues, the LLP or LLC will be subject to the gap-filling provisions in their states' business code.

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.