What Are Professional Corporations

Many professionals are barred from forming limited liability companies or basic corporations for their practices. Instead, there only option is often to form a professional corporation.

When it comes to business entities, there are many forms a business can choose from. For certain professions, however, states restrict the choices because of a public policy. This policy boils down to the idea that professionals should not be able to escape personal liability if they fail to perform properly. For instance, a doctor or lawyer should not be able to hide behind a corporation if they fail to provide competent services.

In many states, the only business entity available to a professional is a -professional corporation.- This corporation is a hybrid business entity that is created by state law. Every state handles the issue differently, but there are some general aspects that almost always appear.

With your average professional corporation, the shareholders usually must all be licensed in the field of services being rendered by the corporation. For instance, a professional corporation offering medical care can only have licensed doctors as shareholders.

Another twist to the professional corporation is limited liability. Simply put, the corporate entity provides no protection for the professional against claims he or she rendered the services in question in a tortuous manner. For instance, an incorporated surgeon who is accused of malpractice during a surgery will receive no liability protection from the professional corporation. He or she is personally liable as a matter of law if the plaintiff is successful in bringing a claim.

So, why would anyone form a professional corporation? The primary reason is the entity does provide a liability shield against all disputes not arising from the rendering of services. If our incorporate surgeon has someone slip and fall in his office, the person cannot sue the surgeon personally. Instead, the professional corporation will provide liability protection.

So, who must use a professional corporation? Well, the answer depends on the state you are in. Some restrict the entity to doctors, lawyers and accountants while other states go much further. In California, for instance, doctors, lawyers and accounts are on the hook but so are shorthand court reporters, marriage therapist and architects to mention only a few. You should check the requirements in your state if you are a professional considering incorporation.

All and all, professional corporations are often treated much differently than general corporations. Forming and running a professional corporation can be complex and should only be done with professional legal help.

Richard A. Chapo is with SanDiegoBusinessLawFirm.com – providing California professional corporation formation services.

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Primary Street marketing machines are one of the brand new goods inside the realm of internet advertising these days that was created by Mike Koenings. This is merely a product that will allow you to create income on-line to create you no cost from the monetary difficulties.

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Video conferencing has caught the fancy of a numerous business businesses off late. From the small business establishments to the giant multinational corporations, everyone is making use of this most recent technology. But, what is that makes video conferencing so well known amongst business organizations? Well, the reply lies in the benefits that this latest technology has to offer. Let us take a closer look at a few of the advantages offered by video conferencing.
1 of the 1st and foremost advantages of using video conferencing is that it increases employee productivity. When using video conferencing, your employees are in a position to get more work done and that too at a much quicker pace. For instance, video conferencing can save your employee from the hassle of travelling for a meeting. The same time that would have otherwise been spent in travelling may now be used for other purposes.
Moreover, staff may readily communicate tips and the like via the online channel according to their ease. This technology helps to grow the communication base of any dialogue. This is mainly because more number of people could partake in video conferencing conversations. This also helps make timely decision without any problems. This raises the work capacity to a great extent which of course is great news for the organization.
The present day business world is running on a tight rope trying to accomplish projects in the given deadlines. Paucity of time is a concern that most businesses cope with. Video conferencing may help here too. This communication technology helps you save on time by eliminating the need to travel physically.
Video conferencing not just saves on time but on money too. When you cut down on travelling, you’re not just saving the time of your staff but the money too. Travel costs make for 1 of the most prominent expenditures for an association. Video conferencing helps eradicate this cost. The same money may be used for business development and initiating new ventures. So, as a consequence you get to grow your company.
What’s more, video conferencing aids your company gain the eco friendly tag. Since you are reducing down on traveling and use of resources, you’re also reducing carbon emissions significantly. So, as a result, you’ll also be known as a green company that cares about the environment. So, while many firms spend great amounts of money for brand building, you could utilize video conferencing to do it at no cost at all.
Considering the advantages that video conferencing technology can deliver, it appears reasonable to adopt the same at the earliest best.

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Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region( ) is a new special report by leading independent economic forecasters on the Asian food retail market. The report provides regional commentary and opinion across 14 countries, SWOT analyses across the Asia region and forecasts to 2012 for the grocery retail industry.

This new special food retail report also features individual country chapters on Australia, China, India, Indonesia, Hong Kong, Japan, Malaysia, Pakistan, The Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. Each country section features comparative performance indicators of the major grocery retail formats (supermarkets, hypermarkets, discount stores and convenience stores) and the independent sector against the major retail chains. SWOTs on the region’s leading retailers include company overviews, strategies, store networks and grocery market positioning. Each profile covers key statistics including financial performance, number of retail outlets and employees. Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region also includes a macroeconomic forecast for each Asian market for 2008-2012 and future risks to growth as predicted by BMI.

Key Benefits of Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region Identify and evaluate the growth opportunities across 14 key Asian grocery retail markets – including the relationship between the independent sector and major retail formats in this expanding region. Benchmark competitors and peers in each food retail market using recently researched company profiles, featuring latest intelligence on over 15 leading Asia grocery retailers, analysing competitive positioning, opportunities, risks and strategies of each company. Compare your own views and forecasts for market performance against independent 5-year industry forecasts for the Asia’s mass grocery retailers. Executives who will benefit most from Shop Until You Drop: Mass Grocery Retail In The Asia Pacific Region Strategists – Gain an insight into the commercial opportunities available in the Asia’s food retail market, using our clearly-explained medium-term economic forecasts (2008-2012) to benchmark your own growth projections. Risk Managers – Discover the key Industry, Political, Economic and Operational risks facing companies in these rapidly developing Asia Pacific Markets. Country Managers – Gain an insight into the country-specific growth trajectories and the key strengths of your clients and competitors in the food retail industry.

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