A shareholder in a professional corporation can be liable for malpractice arising from the rendering of professional services.

Question

Quizplus · Accepted Answer

Shareholders in a professional corporation, such as a medical or legal practice, can be held liable for malpractice if they are involved in the provision of professional services. This means that they may be held individually responsible for any damages resulting from their own negligence or misconduct, even if they were acting on behalf of the corporation. However, the extent of their liability may be limited depending on the specific legal structure and state laws governing professional corporations.

A Shareholder in a Professional Corporation Can Be Liable for Malpractice