19 Pa. Code § 33.4 - Stated purposes

Section 2903 of the BCL (relating to formation of professional corporations) provides as follows:

(1) Except as provided in paragraph (2), a corporation may be incorporated as a professional corporation in the manner provided in the BCL only for the purpose of rendering one specific kind of professional service. The articles of a professional corporation shall contain a heading stating that it is a professional corporation.

(2) A professional corporation may be incorporated to render two or more specific kinds of professional services to the extent that one of the following exists:

(i) The several shareholders of the professional corporation, if organized as a partnership, could conduct a combined practice of the specific kinds of professional services.

(ii) The court, department, board, commission or other government unit regulating each profession involved in the professional corporation has by rule or regulation applicable to professional corporations expressly authorized the combined practice of the profession with each other profession involved in the corporation.

Notes

19 Pa. Code § 33.4

The provisions of this § 33.4 adopted April 17, 1992, effective 4/18/1992, 22 Pa.B. 1993.

This section cited in 19 Pa. Code § 23.4 (relating to stated purposes).