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LLC Liability Protection Unlike limited partnerships and sole proprietorships, a professional corporation shares most of the benefits of a typical corporation. It has tax benefits, issuance of stock, shares of capital stock, and personal assets protection.
?Professional services? are any type of professional services that may be lawfully rendered only pursuant to a license, certification, or registration authorized by the Business and Professions Code, the Chiropractic Act, or the Osteopathic Act.
What Is A California Professional Corporation? Members of certain professions, such as lawyers, doctors, accountants, and engineers, may form a California professional corporation (also known as a ?PC?). Typically, these types of entities provide services only through licensed professionals.
In California, licensed professionals are limited to forming a sole proprietorship, general partnership, or professional corporation (PC). One advantage of an LLC is that each owner?also called a member?has limited liability, which means they are not personally liable for the financial obligations of the LLC.
These professions may include physicians, chiropractors, dentists, veterinarians, physical therapists, pharmacists, registered professional nurses, licensed practical nurses, licensed midwives, podiatrists, optometrists, opticians, engineering and land surveyors, architects, landscape architects, public accountants, ...