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

First Known Use of professional corporation

1970, in the meaning defined above

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The first known use of professional corporation was in 1970

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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

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