Search

What is another word for professional corporation?

Pronunciation: [pɹəfˈɛʃənə͡l kˌɔːpəɹˈe͡ɪʃən] (IPA)

A professional corporation, also known as a professional service corporation, is a legal entity formed by professionals, such as doctors, lawyers, or accountants, to provide services within their specific field. While synonymous terms for a professional corporation are not abundant, some related concepts can be used interchangeably. These include "PC" (abbreviation for professional corporation), "professional firm" or "professional practice". These terms all refer to a business structure that allows professionals to operate under a corporate legal framework, protecting their personal assets while maintaining professional autonomy. A professional corporation is an optimal choice for individuals who wish to combine their expertise while safeguarding their personal liability and maintaining professional status.
Opposite words
Antonyms
Search

What are the opposite words for professional corporation?

The antonyms of a professional corporation are a non-profit organization and a sole proprietorship. A non-profit organization is a legal entity that is created for charitable, educational, religious, or scientific purposes, and its profits are reinvested into the organization, rather than distributed to shareholders. In contrast, a sole proprietorship is a business owned and operated by a single individual, who is personally responsible for all aspects of the business, including profits and losses. While a professional corporation is owned and run by licensed professionals in a certain field, such as doctors or lawyers, a sole proprietorship may offer various services and products to its customers.

What are the antonyms for Professional corporation?

Word of the Day

Monkey Disease
Monkey disease, also known as simian immunodeficiency virus (SIV), is a term used to describe a group of viruses that affect primates, including monkeys and apes. While there are n...