In Florida, at least, "P. A." usually means "Professional Association," so it is like adding "Inc." or "L. L. C." to your name. There is, however, no form of business organization that can (or should) protect a doctor or lawyer from his or her own malpractice.
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Answer (1 of 7): Professional Association. Some US states permit lawyers to organize their incidental business activities behind a personal liability shield. Thus, if you sell legal-sized printer paper to a “PA”; and if your bill is not paid; you may have …
Jul 09, 2018 · 1 ANSWER. Professional Association, which is a form of entity, like a corporation or limited liability company. It means that the lawyer has formed an entity to run his business, which is standard, as it reduces the risks of personal liability by the members of the association. * This will flag comments for moderators to take action.
Apr 23, 2007 · Answer: It probably refers to Professional Association. Attorney Help. Legal Definitions. Legal Q&A Online. US Legal Forms. Legal Topics.
Jun 23, 2009 · PA after someone name in law means the person is a Public Attorney or lawyer. What does PA stand for after attorneys name? The answer is …
The designations refer to the law firm for which the attorney works and the way in which the firm is organized (e.g., corporation, partnership, sole proprietor, etc.).
P.L. stands for a Professional Limited Liability Company. A limited liability company does not follow the same rules of business organization that corporations follow.
If either a corporation or limited liability company does not want to use these abbreviations after their names, they have to specifically register a company name with the state according to the requirements for registering fictitious names.
The new law, Act 95 of 2014, is designed to better protect you from potential financial abuse. It is also intended to protect financial institutions and other third parties from liability for accepting a power of attorney that later is determined to have been invalid. These well-intentioned changes come at a cost to consumers.
If you do not have a POA and become unable to manage your financial affairs, it may become necessary for a court to appoint someone to handle your finances. In Pennsylvania this person is referred to as your “guardian.” Your court-appointed guardian may not be the person you would have chosen. A guardian has whatever powers the court gives them. This may be very different than the powers you would want them to have. You can usually avoid putting yourself and your family through this kind of costly and embarrassing public court proceeding by creating a POA.
Notice and Acknowledgement. The most obvious changes are to the notice and acknowledgment forms that are signed by the principal and the agent. The principal signs a notice form that contains state mandated information about the significance of the POA. Act 95 revises the language that is to be used in the notice.
The agent signs an acknowledgment form accepting the duties that go with acting as an agent, and agreeing to act in conformity with the principal’s expectations, in good faith and only within the scope of the authority granted in the document.
What is a Power of Attorney? A Power of Attorney (POA) is a written document in which you (the “principal”) give another person (your “agent”) the authority to act on your behalf for the purposes you spell out in the document.
But, in the wrong hands, a POA can also be an instrument of financial exploitation. So, the law tries to strike a balance which gives you the ability to give your agent the powers you desire him or her to have, but which also helps prevent, detect, and prosecute abuse by the agent.
Note that commercial POAs used in commercial transactions are exempt from these requirements. And POAs that are limited to health care do not have to be notarized.