Q: What is a professional corporation?
A: Most States have a legal requirement for certain professional businesses--frequently including attorneys, medical practitioners and accountants--to incorporate as Professional Corporations or Professional Limited Liability Companies. The basic gist of such entities is that individuals forming the business must show evidence of their relevant professional credentials and/or licensing.
A: I agree with my colleague's answer--that's a fundamental question to ask your CPA and business attorney. The short (non)-answer is that there are advantages and disadvantages to both. (I also agree that you should consider the LLC format--notably, Single-Member LLC's are permitted in Rhode Island.)
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