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Many corporation statutes, both among American states and in other countries, make special provision for the use of the corporate form by licensed professionals such as attorneys, architects, and doctors. Such special corporations are usually called, and in some states must be referred to as, professional corporations, or by the abbreviation P.C. The rules applying to professional corporations typically differ in important ways from those applying to other corporations. On the one hand, professional corporations can have a single director. On the other hand, they do not usually afford the same degree of limitation of liability as ordinary business corporations. Professional corporations often exist as part of a larger, more complicated, legal entity. For example, a law firm or medical practice might be organized as a partnership of several or many professional corporations.
References
Eaton, Berrien C. Professional corporations and associations New York : M. Bender, 1970-current (looseleaf with updates)
