P.C.

views updated May 29 2018

P.C.

An abbreviation for professional corporation, which is a special corporation established by professionals, such as physicians, accountants, or, in some states, attorneys, who practice together.

In most jurisdictions, a professional corporation may be organized by professionals who render a personal service to the public that requires a license and that, before proper statutory organization, could not be performed by a corporation.

One of the main reasons professionals incorporate is to gain certain tax benefits. Incorporation neither changes professionalresponsibility nor protects those incorporating from liability for malpractice.

p.c.

views updated Jun 11 2018

p.c. per cent
• postcard
• Med. post cibum (Latin: after meals; in prescriptions)

p.c.

views updated May 18 2018

p.c. (post cibum) Latin: after food, used as a direction in prescriptions.