The correct answer is: Both B and C.
A professional corporation (PC) is a type of corporation that is formed by professionals such as doctors, accountants, and lawyers. PCs are regulated by the state in which they are formed, and they must meet certain requirements in order to be licensed. One of the requirements is that all of the shareholders of a PC must be licensed professionals in the same field.
A professional association (PA) is an organization that is formed by professionals for the purpose of promoting their profession and protecting the interests of their members. PAs are not regulated by the state, and they do not have the same requirements as PCs. However, PAs can provide valuable services to their members, such as networking opportunities, continuing education, and legal representation.
In conclusion, professionals such as doctors, accountants, and lawyers often make corporations that are classified as both professional corporations (PCs) and professional associations (PAs). PCs are regulated by the state, and they must meet certain requirements in order to be licensed. PAs are not regulated by the state, and they do not have the same requirements as PCs. However, PAs can provide valuable services to their members.