Tax & Sports Update

Investing in a Professional Corporation

Posted by Joseph B. Darby III on May 12, 2015 2:47:00 PM

Meeting.jpgA “professional corporation” in Massachusetts is a legal entity formed under M.G.L. Ch. 156A, and is intended for the conduct of various professions that are subject to state licensure. In recent years, most or all of the regulated professions have also authorized the use of an  LLC as a legal entity through which persons can conduct professional activities (this is typically referred to as Professional LLC or PLLC).

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Topics: Professional Corporation, Professional LLC, S Election, Tax Law, S Corporation

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