In the 2000 Ontario Budget, the government announced its intention to allow regulated professionals to incorporate their practices.
Professional incorporation would provide many of the same tax and non-tax advantages enjoyed by other incorporated self-employed individuals. However, professional liability will not be limited through incorporation and shareholders of professional corporations are restricted to members of the same profession.
Regulated professionals who wish to incorporate their practices should consult their governing body for conditions of incorporation specific to their profession.
Members of the following professions would be eligible to operate a professional corporation:
Want More Info regarding how to complete your professional incorporation? Contact your Colleges website below.
Ontario Business Central Inc. has been assisting individuals to establish incorporations since 1992. We will ensure that you are completely satisfied with the set up of the incorporation prior to submitting to the Province of Ontario.
We pride ourselves on working with clients to establish their incorporations in a professional manner with dedication to you and your business. The incorporation application is very user friendly. If you need support, we are available Monday through Friday 9 am to 5pm to answer any questions.
We offer the following services to assist you in completion of your incorporation:
It is recommended that once the Articles have been prepared and forwarded to you in 'draft' you ensure with your college that the professional articles are acceptable to them prior to completion.