Professional corporation
- A state-authorized business structure used by certain licensed professionals like lawyers, doctors, and accountants, where owners are not personally responsible for the negligence or malpractice of other owners, but are liable for their own
- The group of doctors decided to form a Professional corporation.
- As part of a Professional corporation, the lawyer was not held responsible for her colleague's malpractice.
- The accountant opted for a Professional corporation to limit personal liability for other partners' actions.
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