“P.A.” is the abbreviation for “Professional Association”, a business corporation engaged in a primary business that provides a professional service. Dominium Consulting Services can also complete the documents necessary to create your professional corporation.
A professional corporation/professional association is an individual or group of individuals, who are licensed in their profession as required by law, and have incorporated for the purpose of rendering the same professional service (doctors, dentists, architects, etc.).
Professional corporations generally may not conduct any other business, must comply with particular conventions in their choice of corporate name (Example, Johnson & Apple, P.A.), and must comply with regulatory requirements of their respective regulating agency.
A professional corporation may be taxed as either a traditional C corporation or as an S corporation.
