A professional corporation is a corporation created under state law for the purpose of practicing a particular profession in corporate form. Generally only a professional licensed to practice the profession being practiced by the professional corporation may be a shareholder in such a corporation.
The following businesses may incorporate as professional corporations:
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- Accounting
- Acupuncture
- Architecture
- Audiology
- Chiropractic
- Clinical Social Work
- Dentistry
- Law
- Marriage and Family Therapy
- Medicine
- Natuopathic Doctors
- Nursing
- Optometry
- Osteopathy
- Pharmacy
- Physical therapy
- Physician assistants
- Podiatry
- Psychology
- Speech-language pathology and audiology
- Shorthand court reporters
Architecture firms may incorporate under the Professional Corporations Act, or under the General Corporation Law.
In general, a professional corporation is formed in the same manner as a C corporation and is subject to the same general requirements. The General Corporation Law applies to professional corporations, except when its provisions are in conflict with or inconsistent with the Moscone-Knox Professional Corporation Act.
A Professional wanting to open up its own corporation needs to, under the law, create a specific type of entity. A Professional Corporation is made under the code for this purpose.
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Business Law | Real Estate Law
Contact us for help with San Diego Professional Corporation Formations.
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