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Professional Corporation - Point to Consider

 
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5/5 stars (1 vote)
Category : > Professional Corporation
Posted On : Tue Feb 02nd,2010

 
 
  • There is a significant limitation on the personal responsibility in a corporation.
  • While the corporation cannot protect a professional against their own negligence, it protects them against the negligence of an associate.
  • Professional Corporation is a useful securing of data to occupation wrongdoing insurance.
  • More expensive to create than a partnership or only proprietary right.
  • Paper work can become costly to owners.
  • All incorporators must belong to the same occupation.

 

  


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