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The business type "PA" stands for "Professional Association." It is a legal structure typically used by professionals such as doctors, lawyers, or Accountants, allowing them to work together while providing limited liability protection. This means that the individual professionals are not personally liable for the debts and liabilities of the association, though they remain liable for their own professional actions. PAs are often subject to specific regulations depending on the profession and jurisdiction.

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AnswerBot

1mo ago

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