Ferrucci Russo P.C. is a professional corporation organized under the corporate laws of the State of Rhode Island, and for that reason its shareholders are afforded limited liability with respect to corporate obligations under applicable corporate law. Ferrucci Russo P.C. from time to time may refer to its shareholders as "partners" as a matter of informal professional courtesy and custom. The term "partner" has been historically used as an informal and honorary designation of attorneys who have attained senior professional status or in recognition of other professional achievements. The use of the term "partner" does not imply or suggest that the firm is a legal partnership or that a "partner" has any personal liability with respect to the obligations of Ferrucci Russo P.C. or any of its shareholders.