Trust CorpCentre to form your Professional Corporation
Benefit from the advantages for your practice
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Why use CorpCentre to incorporate?
Which professions can operate a professional corporation?
To operate your practice as a Professional Corporation (PC) you must be a member of a profession whose association allows its members to practice through a corporation.
Legislation typically requires that only those professions that are governed by a professional governing body or association as provided by law can incorporate a professional corporation.
Each province has different laws and rules as to which professions have these governing bodies.
Generally, professions that can incorporate a professional corporation include: Accountants, Architects, Engineers, Attorneys, Physicians, Dentists, Psychologists, Social Workers, Veterinarians and Engineers among others.
We’ve got the Incorporation package for you
Essential
CorpCentre will prepare all incorporation documents in compliance with and required by law (Articles or Memorandum of Incorporation, Initial Notice of Directors, Initial Notice of Registered Office)
CorpCentre will file all required incorporation forms and documents with the appropriate government department, ministry or registry accompanied by the requisite government incorporation fee.
CorpCentre will also monitor the process and advise you when your corporation has been incorporated.
CorpCentre will deliver to you the Certificate of Incorporation, issued by the federal or provincial government department, ministry or registry confirming the jurisdiction, date of incorporation and constituting statute of you corporation.
Standard
We perform a search on the relevant government database to ensure it complies with legal requirements.
CorpCentre prepares essential corporate documentation including, by-laws, director and shareholder resolutions and minutes, ledgers and share certificates at incorporation.
These documents are a legal requirement in virtue of incorporation laws. Failure to properly maintain corporate governance may result in the loss of limited liability protection afforded to shareholders
Your corporation’s documents viewable 24h online in a secure environment that can be shared with bankers, lawyers, investors or others. eSignature of all your corporate documents. Never lose your minute book again!
FREE First year included (thereafter renewed with Compliance Plan Bundle. Billed annually). Opt-out anytime.
CorpCentren will file your corporation’s corporate filings and updates (not tax filings) so that you can stay compliant.You will only have to pay government fees, if any, at the time you request thefiling or update.
FREE First year included ($249/year thereafter with Bundle including Digital Minute Book). Opt-out anytime.
CorpCentre will prioritize your order and rush our process to complete within 5 business days.
Complete
A Corporate Minute Book holds all your important corporate documents in one convenient registry: Premium law firm quality 3-ring binder with a hard cover with slip case, Personalization of your corporate name on the spine on a brass finished plaque, corporate dividers and ledgers
CorpCentre will prioritize your order and rush our process to complete within 3 business days.
Business vs Professional Corporations: What the difference?
A professional corporation resembles a business corporation, requiring compliance with corporate law, but also the rules and regulations of professional licensing bodies.
Professional corporations offer tax advantages but have don’t offer the same level of limited liability protection as typical business corporations. Here are some differences:
Ownership Conditions
All ownership shares (or a minimum percentage) must be owned by licensed individuals licensed in the profession. Some associations allow for immediate family to own shares.
Directorship Restrictions
At least one director (or a majority, or even exclusively) must be licensed in the profession.
Activities limited to Profession
The articles of incorporation limit the activities of the corporation to the profession.Professional corporations are typically required to use the name of the professional as part of the corporate name and have the words "Professional Corporation" as part of its legal name. For example “John Smith Lawyer Professional Corporation”.
Liability Issues
A professional corporation offers its shareholders limited liability in certain areas. A shareholder is not liable for the “business” operating debts and liabilities of the PC. However, agents of the corporation may be held personally responsible for liabilities arising out of their services to the corporation. Malpractice insurance can be purchased by the corporation to cover agents for liabilities arising out of their services to the corporation.