professional corporation

noun

Definition of professional corporation

: a corporation organized by one or more licensed individuals (such as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages

Examples of professional corporation in a Sentence

Recent Examples on the Web Manhattan Gastroenterology is registered as a professional corporation with the state of New York, which means it is owned by doctors. Kaiser Health News, oregonlive, "Throat swab leads to $28,865 medical bill," 25 Dec. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'professional corporation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of professional corporation

1970, in the meaning defined above

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Time Traveler for professional corporation

Time Traveler

The first known use of professional corporation was in 1970

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Cite this Entry

“Professional corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/professional%20corporation. Accessed 28 Sep. 2020.

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More Definitions for professional corporation

professional corporation

noun

Medical Definition of professional corporation

: a corporation organized by one or more licensed individuals (as a doctor, dentist, or physical therapist) especially for the purpose of providing professional services and obtaining tax advantages abbreviation PC

professional corporation

Legal Definition of professional corporation

see corporation

Comments on professional corporation

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