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Professional Corp

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Professional Corporations are corporations that are associated with a professional business, such as a lawyer, physician, engineer, public accountant or architect.

The Benefits Of a Professional Corporation Include:
  • Separation of personal assets from those of others within the business practice.
  • Unlike a general partnership, owners are not personally liable for the malpractice of other owner.
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Why form a Professional Corporation?

A Professional Corporation is a legal structure authorized by state law for a fairly narrow list of licensed professions. These licenses professions include lawyers, doctors, accountants, and architects. Unlike a regular corporation, a professional corporation does not absolve a professional for personal liability for her own negligence or malpractice. The main reason why groups of professions choose this organizational structure is that, unlike a general partnership, owners are not personally liable for the malpractice of other owners. In some states, limited liability partnerships offer this same benefit and may be more desirable for other reasons

But you have a company to manage, and formation takes time.

Let PandaBiz.Net save you time and hassle when you use our expert document filing services to take this next step.

  • We make Professional Corporation formation affordable.

Our Professional Corporation formation services start at just $69 (plus required government fees). Lawyers charge, on an average, over $200 per hour. With our document filing services, you know that your entity will be set up and filed with the state.

  • We take the bureaucracy out of forming a Professional Corporation.

It is true that you can file the documents with the state yourself. However, we have provided this service to hundreds of thousands of small business owners and entrepreneurs just like you. We have the experience and know-how and we can take care of all of the details for you. We can do it for you at a price that makes sense for your business. You will save your time and resources. Once you decide to form a Professional Corporation, simply fill out our online application and we take care of the rest.

  • Help is a phone call away.

Call one of our business filing experts to walk you through the Professional Corporation formation process. Or, simply answer our online questionnaire. It will take you no more than 10 minutes, or give us a call and we can take your order over the phone. We are an online service, backed by real people.

What happens when you file a Professional Corporation? Professional Corporations are formed by filing Articles of Incorporation in the state in which the business will operate. The act of incorporating creates a legal entity. Often there are particular requirements by the certifying agency overseeing the practice of the professional. The specific language that may be required by the professional’s governing board should be included in the Articles of Incorporation for the Professional Corporation.

In summary, a Professional Corporation has the following benefits:

  • A Professional Corporation provides liability protection. Separation of business and personal assets of the owners is critical. A Professional Corporation provides for the separation of these assets from other members of the professional group. It does not, however, protect the individual from personal malpractice or negligence.
  • Professional Corporations apply to certain professionals. Most states provide for Professional Corporations under certain statutes that allow the corporation to operate with a single director, who is a professional.
EIN Number

Why Do I Need an EIN? An EIN is a federal identification number issued by the IRS to identify a business entity. EINs are also known as a Federal T...

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