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Should I form as a Professional Corporation?


Should you? Probably not. Are you required to? Maybe. It depends on the type of profession you're in. Lawyers, for example, are required to be in professional corporations (“PC”). Forming as a PC may require additional restrictions in your bylaws, for example concerning ownership. So if you don't need to, generally you shouldn't. But you may not have a choice.
Excerpt: Should you? Probably not. Are you required to? Maybe. It depends on the type of profession you’re in. Lawyers, for example, are required to be in professional corporations (“PC”). Forming as a PC may require additional restrictions in your bylaws, for example concerning ownership. So if you don’t need to, generally you shouldn’t. But you may not have a choice.
Post date: 2015-07-12 16:21:37
Post date GMT: 2015-07-12 23:21:37

Post modified date: 2015-07-21 05:36:54
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