- Legal vs tax
- State-law corporation. Federal tax is C-corp unless a valid S election applies.
- Liability
- Does not erase malpractice exposure for the acting professional.
- Default federal tax
- c corporation
- Other federal options
- s corporation
- Formation / maintenance
- Professional-corporation statute plus board consent.
- Public-record notes
- Often more visible than a generic corporation because of licensing boards.
- Succession
- Shares generally cannot pass to unlicensed heirs without a redemption plan.
- Investor fit
- Typically none outside the profession.
Disqualifiers
- Unlicensed owners
Professional review: attorney, cpa, insurance.
Related: professional-llcc-corporations-corporation-election