Monday, July 26, 2010

Professional Corporation - Point to Consider

  • There is a significant limitation on the personal responsibility in a corporation.
  • While the corporation cannot protect a professional against their own negligence, it protects them against the negligence of an associate.
  • Professional Corporation is a useful securing of data to occupation wrongdoing insurance.
  • More expensive to create than a partnership or only proprietary right.
  • Paper work can become costly to owners.
  • All incorporators must belong to the same occupation.

To Read More: Professional Corporation - Point to Consider

No comments:

Post a Comment