2002•Palgrave Macmillan UK eBooksRequires access
Professional Corporations and Limited Liability
Frank Mathewson, Michael Smart
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Abstract
Traditionally, groups of professionals that wished to enter business together were required to organize as general partnerships. In recent years, however, the legal forms available to such associations have flourished and today professionals may choose among several forms, including professional corporations, limited liability partnerships and limited liability companies, in addition to the conventional general partnership.