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Page 5 of 32 |
What are ‘pc’s? I thought they were ‘personal computers’. |
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PCs are an acronym for Professional Corporations (also called "Professional Service Corporations"). They were created to allow certain kinds of professionals (e.g., doctors, lawyers, accountants, engineers, and so forth) to do business as a professional corporation.
In contrast to ordinary corporations, all shareholders in the corporation typically must be members of the profession, and the professionals in the firm may not be not relieved of liability for their own professional negligence or malpractice.
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