Professional corporation

{
  "id": "MLC-T-LAW-003949",
  "term": "Professional corporation",
  "field": "Law",
  "definition": "A type of business entity formed by licensed professionals, such as doctors, lawyers, or accountants, to provide professional services. It offers some liability protection to its members, similar to a traditional corporation, but typically does not shield professionals from liability for their own malpractice. State laws govern the formation and operation of professional corporations.",
  "url": "https://mlchart.com/terminology/law/professional-corporation/"
}