{"id":47,"date":"2017-04-11T22:39:15","date_gmt":"2017-04-11T22:39:15","guid":{"rendered":"http:\/\/digitaltransactions.club\/nvcausa\/?page_id=47"},"modified":"2020-12-29T22:18:54","modified_gmt":"2020-12-29T22:18:54","slug":"professional-corporations","status":"publish","type":"page","link":"https:\/\/nvcausa.com\/products\/new-corporations\/professional-corporations\/","title":{"rendered":"Professional Corporations"},"content":{"rendered":"\r\n\r\n\t<h1>\r\n\t\t\t\tInner Page Heading\r\n\t\t\t<\/h1>\r\n\t<h3>Information regarding Professional Corporations and professional corporate structures is provided in the following sub-sections:<\/h3>\r\n<ul>\r\n<li><a href=\"#description\">Description<\/a><\/li>\r\n<li><a href=\"#features\">Features<\/a><\/li>\r\n<li><a href=\"#choosing\">Choosing<\/a><\/li>\r\n<li><a href=\"#typical_uses\">Typical Uses<\/a><\/li>\r\n<li><a href=\"#tax_compliance\">Tax Compliance<\/a><\/li>\r\n<li><a href=\"#pricing\">Pricing<\/a><\/li>\r\n<\/ul>\r\n<h3>DESCRIPTION<\/h3>\r\n<p><a id=\"description\" name=\"description\"><\/a>In some states, professionals are permitted to create corporations under specific regulations, this enables licensed professionals to have the benefit of a corporation while meeting ethical requirements.<\/p>\r\n<p>When created, only professionals can own shares of the corporation. The corporation can only provide one form of service, Such as, a professional corporation of lawyers who are also accountants can provide legal services but not accounting services.<\/p>\r\n<p>There are many other aspects of Professional Corporations that should be considered before venturing into this form of structure. You should obtain the advice of an attorney or accountant when decided on starting a professional corporation for your business venture.<\/p>\r\n<p>In a corporation, the shareholders and officers are free from personal liability. However, this is a problem for professional corporations. If the corporation is created in order to protect themselves of responsibility for their professional actions (malpractice).<\/p>\r\n<p>The Professional Corporate structure does not enable professionals to remove personal liability from the result of their professional actions. However, it does enable other shareholders or directors to be protected from the actions of another.<\/p>\r\n<h3>FEATURES<\/h3>\r\n<p><a id=\"features\" name=\"features\"><\/a>There are some significant differences between professional corporations and common corporations. In most cases only members of the same profession can be shareholders of professional corporations. The officers and directors of a professional corporation must generally be shareholders of the corporation as well. The professional corporation is generally subject to the investigative and regulatory powers of the regulatory body governing the profession. Professional corporate structures will not protect a professional against personal liability for negligence.<\/p>\r\n<h3>CHOOSING<\/h3>\r\n<p><a id=\"choosing\" name=\"choosing\"><\/a>The services provided by Professional Corporations are generally restricted to the practice of the profession. As an employee of a professional corporation, you can access certain types of employee benefits that would otherwise not be available if you were a sole proprietor or a partner in a partnership including the ability to choose to receive a combination of salary and dividends.<\/p>\r\n<h3>TYPICAL USES<\/h3>\r\n<p><a id=\"typical_uses\" name=\"typical_uses\"><\/a>A Professional Corporation is formed for the purpose of engaging in a licensed professions, such as law, medicine, or civil engineering.<\/p>\r\n<h3>TAX COMPLIANCE<\/h3>\r\n\r\n<h3>PRICING<\/h3>\r\n<ul>\r\n<li><a href=\"\/pricing#products\">Professional Corporations<\/a><\/li>\r\n<\/ul>\r\n\t\t<h2>Do you have questions? Let Us help you.<\/h2>\r\n\t\t<p>For more information about our services and prices, please contact us so we can discuss your specific needs.<\/p>\r\n\t\t\t<a href=\"https:\/\/nvcausa.com\/contact-us\/\" target=\"_self\" role=\"button\" rel=\"noopener\">\r\n\t\t\t\t\t\t\tMORE INFORMATION\r\n\t\t\t\t\t<\/a>\r\n<h2>\r\n\t\tShare Our Website On Social Media\r\n\t<\/h2>\r\n<a href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fnvcausa.com%2F%3Fpage_id%3D47%26fl_builder\" target=\"_blank\" onclick=\"window.open(this.href,'social-share','left=20,top=20,width=500,height=500,toolbar=1,resizable=0');return false;\" rel=\"noopener\">\t\t\t\t\r\n\t\t<\/a><a href=\"https:\/\/twitter.com\/share?url=https%3A%2F%2Fnvcausa.com%2F%3Fpage_id%3D47%26fl_builder\" target=\"_blank\" onclick=\"window.open(this.href,'social-share','left=20,top=20,width=500,height=500,toolbar=1,resizable=0');return false;\" rel=\"noopener\">\t\t\t\t\r\n\t\t<\/a><a href=\"https:\/\/www.pinterest.com\/pin\/create\/link\/?url=https%3A%2F%2Fnvcausa.com%2F%3Fpage_id%3D47%26fl_builder&#038;media=\" target=\"_blank\" onclick=\"window.open(this.href,'social-share','left=20,top=20,width=500,height=500,toolbar=1,resizable=0');return false;\" rel=\"noopener\">\t\t\t\t\r\n\t\t<\/a><a href=\"https:\/\/www.linkedin.com\/shareArticle?url=https%3A%2F%2Fnvcausa.com%2F%3Fpage_id%3D47%26fl_builder\" target=\"_blank\" onclick=\"window.open(this.href,'social-share','left=20,top=20,width=500,height=500,toolbar=1,resizable=0');return false;\" rel=\"noopener\">\t\t\t\t\r\n\t\t<\/a>\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Inner Page Heading Information regarding Professional Corporations and professional corporate structures is provided in the following sub-sections: Description Features Choosing Typical Uses Tax Compliance Pricing DESCRIPTION In some states, professionals are permitted to create corporations under specific regulations, this enables licensed professionals to have the benefit of a corporation while meeting ethical requirements. When created, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/nvcausa.com\/products\/new-corporations\/professional-corporations\/\"> <span class=\"screen-reader-text\">Professional Corporations<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":11,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/pages\/47"}],"collection":[{"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/comments?post=47"}],"version-history":[{"count":0,"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/pages\/47\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/pages\/11"}],"wp:attachment":[{"href":"https:\/\/nvcausa.com\/wp-json\/wp\/v2\/media?parent=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}