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

Examples of professional corporation in a Sentence

Recent Examples on the Web The major challenge for us is that the Kaiser Permanente program is made up of Kaiser Foundation Health Plan and Hospitals, which is centered in Oakland, California, and is a not-for-profit, and all of the Permanente Medical Groups, each of which is an independent professional corporation. Christopher Marquis, Forbes, 21 Apr. 2022 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 examples are programmatically compiled from various online sources to illustrate current usage of the word 'professional corporation.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 30 May. 2024.

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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