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Commonly Asked Questions about Legal Forms for Professional Corporations

Theres a huge tax difference between a PC and a LLP or an LLC. A professional corporation is a business entity that must pay income taxes for the corporation itself, which may result in double taxation. However, with an LLP or LLC, the member pays individual taxes, not the entity itself.
In California, you must form a professional corporation if you want to register a business providing professional services that require a license, certification, or registration. (Lawyers, accountants, and architects can alternatively form a limited liability partnership.)
A PLLC requires Articles of Organization, an Operating Agreement, yearly meetings, yearly minutes and annual periodic reports. A PC requires all of these except instead of Articles of Organization, it requires Articles of Incorporation.
A damp-proof course (DPC) is a barrier through the structure designed to prevent moisture rising by capillary action such as through a phenomenon known as rising damp.
But the TLDR is PLLC members must be licensed professionals while DPC allows a certain percentage of ownership to non-licensed individuals.
Such corporate name shall end with the words Design Professional Corporation or the abbreviation D.P.C.
Unlike existing business structures such as a professional service corporation (PC), registered limited liability partnership (RLLP) and professional service limited liability company (PLLC), a Design Professional Service Corporation (D.P.C.) has the flexibility of offering an ownership interest in professional