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.

Read more about this topic:  Professional Organizations

Famous quotes containing the words business and/or organization:

    “For a Jewish Puritan of the middle class, the novel is serious, the novel is work, the novel is conscientious application—why, the novel is practically the retail business all over again.”
    —Howard Nemerov (1920–1991)

    “... every woman’s organization recognizes that reformers are far more common than feminists, that the passion to look after your fellow man, and especially woman, to do good to her in your way is far more common than the desire to put into every one’s hand the power to look after themselves.”
    —Crystal Eastman (1881–1928)