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of each member. This has the effect of expanding diversity jurisdiction in suits to which the professional corporation is a party compared to these alternate forms of business organization, thereby expanding the professional corporation's access to the federal courts, which may be advantageous to the
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Professional corporations may have a single director or multiple directors. They do not usually afford directors the same degree of limitation of liability as ordinary business corporations (
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offer the same benefit and thus should be considered as a possible business entity by professionals who are forming a business.
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statutes make special provision, regulating the use of the corporate form by licensed professionals such as
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firm. Specific requirements of corporations vary significantly from state to state.
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deal primarily with the United States and do not represent a
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266:) are those corporate entities for which many
432:"What Is a Professional Corporation or PLLC?"
183:The examples and perspective in this article
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239:Learn how and when to remove this message
221:Learn how and when to remove this message
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503:28 U.S.C. § 1332(c)(1)
473:University of Arkansas
367:, just like ordinary
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475:: 777–778.
383:(including
312:malpractice
304:corporation
284:accountants
268:corporation
211:August 2018
513:Categories
491:HeinOnline
486:2024-01-24
416:References
308:negligence
288:physicians
276:architects
118:newspapers
47:improve it
481:0004-1831
365:diversity
282:, public
280:engineers
272:attorneys
199:talk page
148:June 2008
53:talk page
404:See also
397:domicile
337:law firm
193:You may
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