What is a professional corporation?

A Professional Corporation, or P.C., following a company name indicates the structure of the corporation is that of licensed professionals. This is authorized by state law and includes a fairly narrow list of licensed professions such as doctors, lawyers, Accountants, 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.