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Corporation vs Professional Corporation: Understanding the Differences
Understanding the difference between a corporation and a professional corporation is essential for any licensed professional looking to set up a business. While both entities provide liability protection and tax benefits, there are some important differences in ownership requirements, licensing, and tax treatment that need to be considered. By weighing these factors and seeking guidance from professionals, you can choose the entity that is best suited for your business needs and goals.- Advantages of forming a professional corporation
- Business Entities
- Corporation
- Differences in liability protection between corporation and professional corporation
- Do licensed professionals need to form a professional corporation?
- Entrepreneurship
- How to choose the right business entity for your business
- How to form a corporation
- How to form a professional corporation
- Legal Entities
- Legal requirements for professional corporations
- Liability Protection
- Licensing Requirements
- Professional Corporation
- Professional corporation ownership requirements
- Small Business
- Tax benefits of a professional corporation
- Tax Treatment
- What is the difference between a corporation and a professional corporation?
