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Professional corporations or professional service corporations (abbreviated as PC or PSC) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, engineers, public accountants and physicians.
In United States tax law, a corporation is a personal service corporation if it meets all of the following requirements: [2] 1. Its principal activity during the “testing period” is performing personal services (defined later). Generally, the testing period for any tax year is the prior tax year. If the corporation has just been formed, the ...
SAS (Société par actions simplifiée): ≈ limited liability company (US, especially in Delaware), unlisted public company (Au), close corporation (CC) (S. Africa), private corporation (Can); often used for subsidiaries; minimum of one director and two members/shareholders; no limit on share capital; liability can be restricted to director ...
The creator of the corporation is typically the sole shareholder, [1] and thus the corporation is used as a means to reduce their personal liability, protect their assets and exploit taxation advantages. Loan-Out corporations are especially prominent in the entertainment and professional sports industries, as the creator's services are ...
A corporation is a separate legal entity that issues shares (stake in the company) to owners and protects their personal liability A partnership is owned by its partners and is easier to establish ...
Personal service corporation; Private company limited by shares; Private limited company; Private military company; Privately held company; Production association; Professional corporation; Proprietary company; Public company; Public development authority; Public limited company; Public transportation benefit area; Unlisted public company; Pure ...
Vanguard Digital Advisor vs. Personal Advisor: Online and Mobile Experience Customers with all account types use Vanguard’s mobile app. It earns 4.7 stars on the Apple store and 2 stars on ...
Examples of bank holding companies include JPMorgan Chase & Co., U.S. Bancorp and Citicorp. A bank holding company is a corporate entity that owns a controlling interest in one or more banks.