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Professional Corporations

Professional Corporations

Check out the history of professional corporations, the requirements for formation of these entities, and special restrictions on professional corporations.

Transcript

Welcome to our clip on professional corporations.

First, we’ll define and discuss professional corporations. We’ll talk a bit about the historical evolution of the professional corporation and then we’ll turn to formation requirements. Lastly, we’ll consider some rules and restrictions unique to professional corporations. By the time we’re finished, you should be very comfortable with the law of professional corporations.

I. Professional corporations

A professional corporation, or PC, is a...

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