Should You Consider Starting a Professional Corporation?

A professional corporation is a business structure that is authorized by states for a small list of licensed professionals such as doctors, lawyers, accountants, and some other types of health care providers. If you are starting a business but not one of these licensed professionals, then this type of structure is not for you. This structure does not limit personal liability for negligence or malpractice. The reason that professionals join together into such a structure is that they are not liable for the negligence or malpractice of other owners. Some states will allow the same protections through a limited liability partnership.

Key Links to Your State

Here are key links to your state below:

Alabama, Alaska, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington, D.C. West Virginia Wisconsin, Wyoming.

How to start a business? Click here for pros and cons of many types of business structures.

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