Professional Corporation (PC) or Professional Association (PA)

/prəˈfɛʃənəl ˌkɔrpəˈreɪʃən (ˈpiˈsi) ɔr prəˈfɛʃənəl əˌsoʊsiˈeɪʃən (pɑ)/

A type of corporate entity for which the shareholders must hold a professional license in the business in which they plan to operate. In many states, PCs are the only type of corporate entity that are allowed to engage in business to provide those professional services. Certain states also limit ownership of a PC to licensed members of that profession