Association

How do I form a P.A.? (professional association) What are the advantages and disadvantages?

I am a real estate agent and it has been brought to my attention that there are tax benefits as well as liability benefits associated with the P.A. designation. I can't seem to find too much information on the internet regarding this topic. If anyone has any info, it would help. Thanks!! I am really concerned with the pros and cons of the P.A.

Public Comments

1. A PA is a legal form of business reserved for physicians, dentists, surgeons, etc. I think it cannot be used by a realtor. Please ask your attorney or CPA to help you choose whether to incorporate your business as a coporation, an LLC or as an LLP.