What this is: A handy little sheet that highlights the process of forming, as well as the pros and cons, of an entity type called a Professional Corporation. What this means: State-by-state legal requirements for Professional Corporations vary significantly. As such, licensed professionals looking to incorporate should consider available entity types in accordance with their line of work, as well as the specific requirements for forming a Professional Corporation.
Cogency Global is a New York-based management consulting firm that provides services such as corporate compliance and transactional legal support for businesses.