professional corporation

noun

: 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

Example Sentences

Recent Examples on the Web This is why the business really needs to be run as a professional corporation in order to grow. Christopher Marquis, Forbes, 2 Nov. 2021 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, 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.

Word History

First Known Use

1970, in the meaning defined above

Time Traveler
The first known use of professional corporation was in 1970

Dictionary Entries Near professional corporation

Cite this Entry

“Professional corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/professional%20corporation. Accessed 2 Dec. 2022.

Medical Definition

professional corporation

noun

: 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

Legal Definition

professional corporation

see corporation

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