Comparing Business Structures: Single Proprietorship vs. Regular Corporation vs. Professional Corporation
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Comparing Business Structures: Single Proprietorship vs. Regular Corporation vs. Professional Corporation

ByMyra Itorralba

Choosing the right business structure is crucial for entrepreneurs, as it impacts everything from taxes to liability and operational flexibility. Among the options available, three common structures stand out: the single proprietorship, the regular corporation, and the professional corporation. Each has distinct advantages and disadvantages, making it essential to evaluate which one best aligns with…

Defining the Professional Corporation (7): Legal Framework, Structure and Function
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Defining the Professional Corporation (7): Legal Framework, Structure and Function

ByJazmine Wyatt

In the realm of business entities, the professional corporation (PC) stands out as a specialized form designed primarily for licensed professionals such as doctors, lawyers, accountants, and architects. This unique structure offers distinct advantages and considerations that professionals should understand when establishing their practice or firm. Defining the Professional Corporation (7): Legal Framework, Structure and…