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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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might be organized as a partnership of several or many professional corporations.
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deal primarily with the United States and do not represent a
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255:) are those corporate entities for which many
421:"What Is a Professional Corporation or PLLC?"
172:The examples and perspective in this article
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492:28 U.S.C. § 1332(c)(1)
462:University of Arkansas
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464:: 777–778.
372:(including
301:malpractice
293:corporation
273:accountants
257:corporation
200:August 2018
502:Categories
480:HeinOnline
475:2024-01-24
405:References
297:negligence
277:physicians
265:architects
107:newspapers
36:improve it
470:0004-1831
354:diversity
271:, public
269:engineers
261:attorneys
188:talk page
137:June 2008
42:talk page
393:See also
386:domicile
326:law firm
182:You may
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