12. Some protection to partners from malpractice suit against different partner
13.
14. In some states professionals form corporations, but with the difference that each professional is still liable for his or her own wrongful professional actions.
15. Protection of assets and against liability are the same as with a traditional corporation.
16. Shareholder is not personally liable for acts by other shareholders but the corporation is jointly and severally liable for employee actions. EX: Nurse under supervision of doctor commits or is accused of negligence. Both nurse and doctor named in lawsuit would be considered professional corporation.
17.
18. In some states Professional Corporations are the only options available, but there are other states that give them the option of either a Professional Corporation, S or C corporation.