Professional Corporation Legal Meaning and Definition

Here is a simplified definition of the legal term Professional Corporation.

Professional Corporation (noun): A type of corporation that assembles a team of licensed professionals, such as doctors, lawyers, architects, or accountants, who provide their specialized services under one organization. Although governed by state and federal laws, which typically require at least one director who is also a professional in their respective field, the corporation does not bear legal responsibility for damages caused by a specific member's negligence.