PC after a company's name doesn't have anything to with computers. Instead, PC is short for professional corporation, a type of company that provides a specific service that requires a license to perform. The businesses eligible to form corporations vary from state to state, but typically include lawyers, doctors, veterinarians and architects.
Professional Corporation Basics
Professional corporations must register with the Secretary of State in which they will do business. It can have just one owner or multiple members. The corporation can only perform the service its members are licensed to practice. Limited liability is the main advantage to forming a professional corporation rather than operating as a general partnership. A member of a PC is generally personally liable only for his own malpractice. The other members aren't personally liable for damages caused by another partner whose personal assets can't cover all of the judgment.
- Photo Credit Digital Vision/Digital Vision/Getty Images
What Does CPR Stand for?
CPR is an acronym that stands for cardiopulmonary resuscitation. CPR is an emergency procedure in which a medical professional or Good Samaritan...
In Computer Terminology What Does DOS Stand for
DOS is an acronym for "Disk Operating System," which was originally invented to operate the IBM PC. Origins of the source code...
What Does PC Mean After a Business Name?
When the letters "PC" or "P.C." appear after a business name in the U.S., it stands for "Professional Corporation." Entities that have...
What Is Attorney PC?
In some states, it isn't uncommon to see the name of a law firm or attorney's office with the letters "PC" after...
What Is a Business Computer System?
The way that businesses and offices function has evolved along with advances in technology, and companies around the world continue to change...
What Does MIS Stand for in the Computer World?
MIS stands for management information systems. This may refer to a specific system of computers and programming within a business or the...
What Is COBRA Insurance?
COBRA mandates an insurance program that enables you to continue your health insurance for up to 36 months after you lose your...