What does PC stand for at a law firm?
Asked by: Addison Mann | Last update: April 17, 2025Score: 4.2/5 (28 votes)
What does PC mean in a lawyer's title? If you see 'PC' after a lawyer's name, it means they're part of a Professional Corporation. They run their practice as an incorporated entity.
What does PC stand for in a law firm?
An owner of a professional corporation remains liable for their own negligence or malpractice , but will not be personally liable for the negligence or malpractice of other owners. Professional corporations are commonly identified by adding "PC" or "P.C." to the end of their name.
Is PC better than LLC?
A PC business entity is reserved for specialized professions and offers even more liability protection than an LLC. You'll likely want to choose a business structure that offers tax benefits while protecting you and your assets if something unexpected happens.
What does PC mean in court terms?
“Reasonable articulable suspicion” (RAS) and “probable cause” (PC) are two of the most important concepts in criminal work.
What does PC stand for in a firm?
A professional corporation (PC) or professional limited liability company (PLLC) is a C corporation, S corporation, or limited liability company (LLC) organized to provide professional services in industries that require a state license in order to practice.
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What is PC abbreviation for?
A PC is a computer that is used by one person at a time in a business, a school, or at home. PC is an abbreviation for `personal computer'.
What does PC stand for in a contract?
Prime Cost (PC) items and Provisional Sums (PS) are two items in a standard building contract which cause confusion. Most building contracts are called “Fixed Price Contracts”, but the final contract sum can vary due to fluctuations in PC and PS items.
What does PC mean in family law?
A Parenting Coordinator (PC) is an attorney or mental-health professional appointed by a judge to serve as a referee between parents who are unable to agree upon decisions affecting their children's daily lives.
What does PC mean as a title?
Any professional corporation as defined in § 13.1-543 may, but is not required to, use the initials "P.C." or "PC," or the phrase "professional corporation" or "a professional corporation," at the end of its corporate name.
What does no PC found by judge mean?
No probable cause, a finding that there is insufficient reason for a reasonable person to believe you were guilty of the charges. The case will be dismissed and you will be free to go.
What does PC after an attorney's name mean?
The term “PC” in law stands for Professional Corporation. It's a special type of corporation for licensed professionals, like lawyers and doctors. A Professional Corporation, or PC, is unique because it allows these experts to provide professional services while enjoying some benefits regular corporations do not offer.
What is higher than a LLC?
The Advantages of S Corps
The major difference that exists between a California S Corp and an LLC is the 1.5% S Corp tax and LLC fee. The 1.5% S Corp tax is based on the California net-taxable income, while the LLC fee is based on the California annual gross receipts.
What does PLLC stand for in law?
A professional limited liability company (PLLC) is a business entity. This entity is designed for professionals like doctors, lawyers, accountants, architects, and therapists. These professionals offer services like medical services, legal services, and more.
What is a PC vs LLC?
Professional corporations and limited liability companies both limit an owner's personal liability for the business, although this doesn't extend to the malpractice or negligence of an owner who's a licensed professional. However, a PC protects an owner from the malpractice/negligence of the other business owners.
What does PC stand for in private equity?
Participation certificates (PC) Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a security or group of securities.
What is the full form of PC in company law?
A professional corporation (PC) is a corporate entity formed by licensed professionals, such as doctors, lawyers, accountants, and engineers, to provide their professional services.
What is PC in a law firm?
What is a professional corporation? A professional corporation or PC is one variation of a corporation. Licensed professionals who want to incorporate their practice can form a PC. However, the shareholders, directors, and officers must belong to the same profession.
What is the PC short for?
The term PC is an initialism for personal computer. While the IBM Personal Computer incorporated the designation into its model name, the term originally described personal computers of any brand. In some contexts, PC is used to contrast with Mac, an Apple Macintosh computer.
What does PA mean after a lawyer's name?
P.A. (professional association) usually appears after the name of a law firm and stands for a professional association. It indicates that the law firm is a separate legal entity from the lawyer members, reducing their personal liability associated with the firm.
What does PC stand for in legal terms?
“PC” stands for “professional corporation”. Many law firms choose to be formed as professional corporations, instead of as partnerships, because the corporate structure provides some protections to the shareholders against personal liability for the acts and debts of the business.
What does PC stand for in jail terms?
Protective custody (PC) is a type of imprisonment (or care) to protect a person from harm, either from outside sources or other prisoners. Many prison administrators believe the level of violence, or the underlying threat of violence within prisons, is a chief factor causing the need for PC units.
What is a PC in court?
A meeting between the attorneys and the judge, court attorney, or referee early in an action in New York state court.
What is PC on a contract?
A Prime Cost (PC) item is an item (e.g.. a fixture or a fitting) that either has not been selected, or the. price of which is not known, at the time of the formation of this quote, and the cost for the supply and delivery of which. the Contractor has made a reasonable allowance for this quote.
What does PC stand for in property?
'Practical Completion' (PC) plays an important role on construction projects, often signifying the release of retention monies, ending the contractor's liability for liquidated damages, commencing the defects liability period and passing possession of the works to the employer.
What is a PC agreement?
PC Agreement means the most current form of generally accepted precedent for a parenting coordination agreement endorsed by the Society.