Business Organization
See also: Professional corporationIn the United States, PA (Professional Association), used in conjunction with a business name is a corporation formed by professionals such as lawyers, engineers, dentists, and medical doctors. In the past, the so-called "learned professions" were not allowed to operate as corporations. But most states have now enacted a professional corporation or association act that allows professionals to practice under corporate rules provided that all shareholders are members of the profession. A PA is attractive to professionals because it provides some of the tax advantages and liability protections of a business corporation.
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Famous quotes containing the words business and/or organization:
“After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world.”
—Calvin Coolidge (1872–1933)
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