Legal Entities in Optometry: The Corporation

The corporation is another type of legal entity that is common in Optometry practices. A corporation differs from sole proprietorship and partnership entities by its ownership, management, and the way tax is paid. A corporation in Optometry could be either a Professional Association (PA) or a Professional Corporation (PC). PAs are usually for a non-profit group of professionals who work together on nonprofit-driven projects and PCs are for for-profit corporations of professionals requiring a license such as physicians, doctors, and lawyers…

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