A Professional Corporation is a corporation that carries on a professional practice. Professional corporations are governed by the Business Corporations Act, as well as the by-laws of the governing bodies of the relevant professions.
Examples: Professionals that can incorporate their practices are: Medical Doctors, Dentists, Veterinarians, Chartered Accountants, Certified General Accountants, Lawyers, etc.

Why should you register your Professional corporation?

• This is suitable for one or more people forming a Professional Corporation with limited liability to the owners. A Corporation is a separate entity from it owners
• with continued existence even after the death of it owners. Ownership can be transferred.
• This format is good for limited liability which means the owners' personal assets are protected from liabilities.
• Income generated from it will not be taxed as personal taxes and will be lower than personal taxes.
• Can be formed by Professionals who wish to practice as a corporation.

You can propose a name for your Professional Corporation. If the name is available and satisfies the name rules of the province we will proceed to register with that name. A NUANS report is also required for this choice. A NUANS report is an official name search report issued by Industry Canada for your name. If you don't have one we will include it in the order.

Incorporators prepares documents, fill forms and submit for incorporation. Once the company is incorporated, they have no role in it. Directors supervising the activities of the corporation and makes decisions. Typically all directors must be incorporators.

Note: Suitable for corporation who wish to have shareholders with voting power & non-voting power. Shareholders with voting power are the professionals while non-voting shareholders can be spouse or immediate family members.

Custom Share Structure: Suitable for service providers who are incorporating for their clients or if you already have your own professional corporation articles. If you select this option, you must provide the following in the box below:

1. Share classes
2. Rights and restrictions attached to each share class.