(a) Except to the extent authorized by subsection (b), a corporation may elect professional corporation status under Section 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 Section 33-19-109 for the rendering of professional services within two or more professions, and for engaging in any lawful business authorized by Section 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. HISTORY: Derived from 1976 Code Section 33-51-30 [1962 Code Section 56-1603; 1962 (52) 1911; Repealed, 1988 Act No. 44, Section 4(5)]; 1988 Act No. 444, Section 2.
South Carolina Legal Code