Who can be a shareholder or director in a professional corporation (PC)?
A. Many states restrict who may be a shareholder or a director of a PC. For example, in some states only licensed practitioners of the specific service that the corporation provides may own stock in the corporation and serve on the board of directors. Other states require at least 50% of the shareholders and directors to be licensed professionals. Check the state specific page for your intended state of formation for more details.
