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What is a professional corporation?
A professional corporation is one organized by one or more licensed professionals for the purpose of providing specific services and obtaining tax advantages.
Professional corporations are very much like regular corporations, except they are owned and operated by professionals from specific fields, such as doctors in the medical field, and attorneys in the field of law.
An example of a professional corporation is Manhattan Gastroenterology located in New York City. This professional corporation is owned and operated by doctors.
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