Professional Corporation
A corporation formed by licensed professionals such as attorneys, physicians, dentists, accountants, engineers, and architects. Shareholders must hold the required professional license.
15 Pa.C.S. § 2901 et seq.
Notice: Business entity selection and formation involve legal, tax, and liability considerations that vary by situation. This information is provided for educational purposes. Consult with a licensed attorney and tax professional for guidance specific to your business.
Eligible Professions
Attorneys
Physicians/Surgeons
Dentists
Certified Public Accountants
Engineers
Architects
Veterinarians
Optometrists
Podiatrists
Chiropractors
Key Rules & Requirements
All shareholders must be licensed in the profession
Corporate name must include "Professional Corporation" or "P.C."
Does NOT protect from personal malpractice liability
Does protect from other shareholders' malpractice
Publication requirement applies (two newspapers)
Liability Warning
A professional corporation does NOT protect you from your own malpractice or professional negligence. It only shields you from liability for the acts of other shareholders in the corporation. You must still maintain individual malpractice insurance.
Formation fee: $125 filed with PA Department of State, plus publication in two newspapers.