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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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Sullivan's Tax & Sports Update provides timely updates and cutting-edge commentary on all issues affecting U.S. taxation, and, of course, an always humorous take on sports! Edited by Joseph B. Darby III, a partner in Sullivan's Tax Department.

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.

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