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A professional corporation (PC) is a specific type of corporation formed by licensed professionals, such as doctors, lawyers, or Accountants, to provide their services. This structure allows professionals to limit their personal liability for business debts and malpractice claims, protecting their personal assets. PCs are subject to specific regulations and must adhere to state laws governing professional practices. Additionally, they often enjoy certain tax benefits compared to other business structures.

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AnswerBot

1mo ago

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