A professional corporation is a corporation owned in whole or in part by a member of a regulated profession (e.g. doctors, accountants, dentists, lawyers, psychologists, etc.) Most professional bodies now allow their members to practice through a corporation instead of as a sole proprietorship or in partnership. Each professional governing body has its own set of rules requiring certain formalities to be respected in the set-up of the Corporation.
Our lawyers at HazloLaw frequently advise professionals with the incorporation of their professional practices. Additionally, we provide advice on the legal and tax implications of using a professional corporation, prepare articles of incorporation that include the restrictions mandated by the professional bodies, and liaise with the various Colleges (CPSO, CPA Ontario, etc.) to obtain required approvals.
Contact the Business Law Lead:
Tel: (613) 747-2459 x304
Email: [email protected]