South Carolina Code 33-19-110. Purposes
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(a) Except to the extent authorized by subsection (b), a corporation may elect professional corporation status under § 33-19-109 solely for the rendering of professional services, including services ancillary to them, within a single profession.
(b) A corporation may elect professional corporation status under § 33-19-109 for the rendering of professional services within two or more professions, and for engaging in any lawful business authorized by § 33-3-101, to the extent the combination of professional purposes or of professional and business purposes is authorized by the licensing law of this State applicable to each profession in the combination.
Terms Used In South Carolina Code 33-19-110
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.