The Business Corporations Act provides that members of the following professions are eligible to operate a professional corporation:
- Chartered accountants
- Certified general accountants
- Health professionals regulated under the Regulated Health Professions Act
- Social workers and social service workers
Besides provincial government, a professional corporation is regulated by professional governing body. Professional corporation’s article must be prepared according to instructions, rules and regulations of the professional governing body. Therefore, a customized prepared article must be provided or must be included with package so that IncorpMaster® corporate lawyer can prepare the article.
Easy and Straightforward Process:
All though setting up a professional corporation seems complex, it’s does not have to be. IncorpMaster® lawyers incorporate various type of professional corporation almost everyday and therefore, very familiar with the rules and regulations of the governing body. IncorpMaster® also offers legal consultation service directly with the lawyer in case you need so.
Naming a Professional Corporation:
A professional corporation can not be a numbered company, it must have a name. The name must ends with the legal suffix “professional corporation”. Professional corporation has also some other rules on shareholders, ownership restrictions etc. which are all taken care by IncorpMaster®.
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