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PC
(redirected from Professional corporation)

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PC

Participation Certificate
1. An alternative to a government or municipal bond in which an investor buys a share in the improvements or infrastructure the government entity intends to fund. This contrasts with a bond, in which the investor loans the government or municipality money in order to make these improvements. This is used primarily when the government or municipality has a charter-mandated debt ceiling. In the United States the only entities issuing or guaranteeing participation certificates are Freddie Mac, Fannie Mae, Ginnie Mae, and Sallie Mae.

2. See: International Depository Receipt (IDR).


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In Letter Ruling 9701026, three shareholders in a professional corporation were also partners in a partnership that owned and leased an office building to the professional corporation.
GRIENER PROFESSIONAL CORPORATION 02-15 TIMMINS ROBERT M.
The ability enables physicians to pay corporate tax rates that are lower than personal tax rates and to split income with family members by enabling them to become shareholders of a professional corporation.
 
 
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