By Jason Watson, CPA
Posted Wednesday, October 18, 2023
Several states require certain professions such as accounting, law, medicine, architecture and engineering to be a Professional Corporation (PC). These have the same housekeeping and corporate governance as a C corporation, and they can also elect S corporation status. Other states only require these professions to create a Professional Limited Liability Company (PLLC). Again, PLLCs can also elect S Corp taxation. Not much else to say here.
Jason Watson, CPA, is a Senior Partner of WCG CPAs & Advisors, a boutique yet progressive tax,
accounting and business consultation firm located in Colorado serving clients worldwide.
Taxpayer's Comprehensive Guide to LLCs and S Corps 2023-2024 Edition
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Taxpayer's Comprehensive Guide to LLCs and S Corps 2023-2024 Edition