Professional Corporations

A professional corporation is a corporation formed for the purpose of conducting a profession which requires a license to practice, including attorneys, certified public accountants, and architects.  State laws vary regarding the types of professionals who can form such an entity.  Moreover, shareholders are usually limited to members of the same profession.  The benefit of a professional corporation is that it protects the shareholders' personal assets from liability unrelated to the rendering of their professional services.  Unlike shareholders of other corporations, however, the shareholders in a professional corporation are not shielded from personal liability for malpractice.  Alternatively, in some jurisdictions, professionals may form a professional limited liability company.  Please note, at this time professional limited liability companies are prohibited from forming or registering in California.  

How We Serve Our Clients

With our experience working with entrepeneurs to establish new businesses we will guide you through the process of forming a new company, assisting you in choosing the appropriate legal structure and explaining the advantages of each for your particular enterprise.  After the business is established, our attorneys will be at your disposal to answer general legal questions when they arise.  Our clients also call on us to assist them during transitional periods, raising capital, locating venture partners, merging, selling, and closing a business.