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If your business is engaged in professional services such as medicine, law, dentistry, or architecture, you may need to organize as a professional corporation. In a professional corporation, owners have no personal liability for malpractice of other owners. However, owners still have liability for own acts of malpractice. Professional Corporations are still entitled to many of the benefits that corporations ordinarily enjoy, including: Limited Liability (except for individual malpractice liability) Reduced Tax Exposure Increased Credibility Perpetual Existence The considerations involved in choosing a corporate form are often quite complex and the paperwork involved can be daunting. The attorneys at Elliott & Davis are committed to offering you customized service, clear communication, and peace of mind as we guide you through the process of forming your corporation.
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