What Is A Professional Corporation and How Does It Work?

Written by Adam Peck Category: Injury Law January 16th, 2013 1 min read

A professional corporation is a special type of corporation which some state laws allow for that works like a limited liability partnership – that is, it’s a corporation owned and operated by licensed professionals, such as attorneys, accountants or doctors. With a professional corporation, each owner/shareholder has limited liability with regard to any acts undertaken by other owners or the corporation itself. This is no different from the limited liability that applies to all other corporations. However, where there is a difference is that an owner/shareholder remains personally liable for any of their own misconduct. For example, if one owner commits malpractice and the business subject to some judgment as a result of this, that owner is personally liable to the extent the corporation cannot cover the judgment.

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Written by Adam Peck

Expertise: Personal Injury

Adam J. Peck, ESQ is a principal with Peck Law Group, APC. In 2008, Mr. Adam Peck received his Juris Doctorate from Whittier Law School where he graduated Cum Laude. His practice is primarily dedicated to representing Elders, Dependent Adults, along with their loved ones and family members, who have suffered horrific personal injuries.