Business OrganizationSee also: Professional corporation
In 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.
Read more about this topic: Professional Organizations
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