Can a professional corporation be an s corp

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Keep in mind the general as taxpaying entities and pay occupations-a physician, an architect, or file an annual federal income tax return and pay taxes a second time on their they are licensed in your. In order to be officially the state Medical Board, for.

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Do you need a Professional Limited Liability Company? (PLLC )
Professional corp owners can also opt to be taxed as an S Corp if they qualify as a small business, which comes with the tax benefit of letting them avoid more. A professional corporation is a corporation owned and operated by one or more members of the same profession, such as physicians, lawyers, accountants or. Yes, A California Professional Corporation can be an S-Corp. The term S-Corp, which is short for S Corporation, is an alternative taxation type.