professional corporation

professional corporation
A corporation formed for the purpose of practicing a profession. 18 Am J2d Corp §§ 31, 32. As a general rule a corporation cannot lawfully engage in the practice of law, or in the practice of medicine, surgery, or dentistry. Some statutes, however, permit persons engaged in other professions to form corporations or associations for the practice of their professions. 19 Am J2d Corp § 1052.

Ballentine's law dictionary. . 1998.

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  • professional corporation — noun Date: 1970 a corporation organized by one or more licensed individuals (as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages …   New Collegiate Dictionary

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