Professional Organizations - Business Organization

Business Organization

See 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.

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Famous quotes containing the words business and/or organization:

    “It is bad to be poor. I shall go to the wall for bread and meat, if I neglect my business this year as well as last.”
    —Abraham Lincoln (1809–1865)

    “The organization controlling the material equipment of our everyday life is such that what in itself would enable us to construct it richly plunges us instead into a poverty of abundance, making alienation all the more intolerable as each convenience promises liberation and turns out to be only one more burden. We are condemned to slavery to the means of liberation.”
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