Research Article
Jul 1980
Engineers and the Professional Corporation
Publication: Issues in Engineering: Journal of Professional Activities
Volume 106, Issue 3
Abstract
Proper financial planning is the keystone to professional growth and development. The professional corporation is used successfully by professionals in many fields and deserves serious consideration by professional engineers. This article discusses the advantages which may be obtained by the engineer who maintains his or her own professional corporation. These advantages include portable, qualified retirement plans which provide greater benefits than existing Keogh plans and overcome the long term vesting problems associated with employer plans. The professional corporation also can provide the engineer with other tax free benefits including group life insurance, medical reimbursement and wage continuation plans. Financial planning advantages also arise from lower corporation income tax, low corporate tax on investment income, and loans from the corporation.
Get full access to this article
View all available purchase options and get full access to this article.
Information & Authors
Information
Published In
Issues in Engineering: Journal of Professional Activities
Volume 106 • Issue 3 • July 1980
Pages: 219 - 226
Copyright
© 1980 American Society of Civil Engineers.
History
Published in print: Jul 1980
Published online: Feb 11, 2021
Permissions
Request permissions for this article.
ASCE Technical Topics:
Authors
Affiliations
William S. Feiler
Attorney at Law, Morgan, Finnegan, Pine, Foley & Lee, New York, N.Y.
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.
View Options
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.