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What Is A California Professional Corporation? Members of certain professions such as lawyers, doctors, accountants, and engineers may form a California professional corporation (also known as a PC). Typically, these types of entities provide services only through licensed professionals.
In the state of California, professionals who wish to perform their professional services and do it using a business entity are REQUIRED to form a Professional Corporation.
What Is A California Professional Corporation? Members of certain professions such as lawyers, doctors, accountants, and engineers may form a California professional corporation (also known as a PC). Typically, these types of entities provide services only through licensed professionals.
In a California professional medical corporation, at least 51% of the shares must be owned by a licensed physician or surgeon, and only up to 49% of the outstanding and issued shares may be held by a (1) doctor of podiatric medicine; (2) psychologist; (3) registered nurse; (4) optometrist; (5) marriage, family, and
Unlike many other states, California does not allow professionals to form a limited liability company or professional limited liability company. In California, professionals must form either a professional corporation or a registered limited liability partnership.
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While traditional corporations their professional corporations are mostly similar, there is one key difference: with professional corporations (such as C Corps), owners are protected from legal claims made against their business, unless the claim was a result of the owners own mistake.
In a California professional medical corporation, at least 51% of the shares must be owned by a licensed physician or surgeon, and only up to 49% of the outstanding and issued shares may be held by a (1) doctor of podiatric medicine; (2) psychologist; (3) registered nurse; (4) optometrist; (5) marriage, family, and
Professional corporations may exist as part of a larger, more complicated, legal entity; for example, a law firm or medical practice might be organized as a partnership of several or many professional corporations.
To be a professional law corporation, your company has to possess a certificate of registration, and this certificate has to come from the California State Bar. You will also have to make sure that any professional services you provide come through staff members who are licensed to practice law.
California law generally imposes a minimum franchise tax of $800 on every corporation incorporated, qualified to transact business, or doing business in California. A corporation that incorporates or qualifies to do business in California is exempt from paying the minimum franchise tax in its first taxable year.

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