What Is a Professional Corporation? Everything You Need to Know in Canada
If you're a doctor, lawyer, accountant or another regulated professional, you may have heard about setting up a professional corporation. But what exactly is it, how does it work, and is it the right choice for your business?
Understanding what a professional corporation is can help you make an informed decision about how to structure your professional practice. A professional corporation offers certain business and financial planning opportunities, but it also comes with specific ownership restrictions, regulatory requirements and ongoing responsibilities.
In this guide, we'll explain professional corporations in Canada, with a particular focus on Ontario. We'll cover eligibility, benefits, limitations, incorporation costs, tax considerations and the steps involved in getting started.
What Is a Professional Corporation?
A professional corporation (PC) is a corporation established under applicable corporate legislation that is authorized by the governing regulatory body to provide services through a regulated profession.
Unlike a standard business corporation, a professional corporation must follow additional rules governing who can own its shares, who can serve as directors and officers, what business activities it can carry on, and how it must be named.
In Ontario, a professional corporation must hold a valid Certificate of Authorization or other applicable authorization from the professional regulator to practise the profession through the corporation.
For example, a physician, lawyer or chartered professional accountant may be eligible to establish a professional corporation if their profession's legislation and regulatory requirements permit it.
The corporation becomes a separate legal entity from its owner. However, the professional remains personally accountable for their professional conduct and responsibilities.
In simple terms: A professional corporation allows eligible regulated professionals to operate their practice through a corporation while complying with the additional rules established for their profession.
What does PC stand for?
PC stands for Professional Corporation.
It is a designation commonly used to identify a corporation established for the practice of a regulated profession.
In Ontario, the legal corporate name must include the words "Professional Corporation" or "Société professionnelle" and must comply with the applicable naming requirements.
Each professional governing body sets out their naming requirements, so it's important to check with your specific governing body before deciding on the name of your Professional Corporation.
For example:
Smith Medical Professional Corporation
ABC Accounting Professional Corporation
Dr. J. Smith Dental Professional Corporation
These are illustrative names only. Actual proposed names must satisfy the applicable regulator's naming requirements and corporate name rules.
Is a professional corporation a separate legal entity?
Yes. A professional corporation is a separate legal entity from the individual professional who owns it.
This means the corporation can generally:
Enter into contracts in its own name.
Open corporate bank accounts.
Own business assets.
Employ staff.
Receive income from its business activities.
Pay business expenses.
Own shares in other permitted entities, where applicable.
However, the corporation must operate within the restrictions established by the legislation and its professional regulator.
Importantly, incorporation does not remove the professional's personal licensing obligations or professional responsibilities.
Who Can Set Up a Professional Corporation in Ontario?
Not every business owner or professional can establish a professional corporation.
In Ontario, the ability to practise through a professional corporation depends on the legislation governing the profession and the requirements of the applicable regulatory body.
Some professions have specific legislation permitting professional incorporation, while others have different requirements for corporations providing professional services.
Examples of professionals who may qualify
Depending on their governing legislation and regulatory requirements, eligible professionals may include:
Profession | Regulatory body in Ontario |
Physicians | |
Dentists | |
Lawyers | |
Paralegals | |
Chartered Professional Accountants | |
Pharmacists | |
Veterinarians | |
Social workers | |
Other regulated health professionals | Their applicable regulatory college |
This is an illustrative list, not a blanket statement that every member of every listed profession has identical incorporation rights.
Important: The rules are profession-specific. Some professions permit professional corporations, while others may require a different corporate structure or a separate authorization to provide professional services.
For example, Professional Engineers Ontario requires a Certificate of Authorization for entities providing professional engineering services to the public. This is not necessarily the same as establishing a professional corporation.
Before incorporating, check with your regulatory body to confirm whether your profession is eligible and what conditions apply.
What Are the Requirements for a Professional Corporation in Ontario?
Professional corporations are subject to additional requirements under Ontario's Business Corporations Act and the legislation governing their particular profession.
These requirements are important because a professional corporation cannot simply be established in the same way as an ordinary business corporation.
1. Share ownership restrictions
Ontario generally requires all issued and outstanding shares of a professional corporation to be legally and beneficially owned, directly or indirectly, by one or more members of the same profession. However, certain regulated professions have specific exceptions or additional ownership rules.
For example, some health profession corporations have permitted arrangements involving non-voting shares held by qualifying family members. The rules for lawyers and accountants are different. Do not assume that a spouse, parent, child or business partner can automatically become a shareholder.
2. Directors and officers must meet specific requirements
Ontario's general professional corporation rules require all directors and officers to be shareholders.
The professional regulator may also impose additional requirements concerning the qualifications and licensing status of those individuals.
This is particularly important when more than one professional is involved in establishing the corporation.
3. The corporate name must meet professional corporation requirements
A professional corporation must have a name that complies with the applicable legislation and regulator requirements.
In Ontario, the corporate name must include:
Professional Corporation; or
Société professionnelle.
The name must also meet the naming requirements established by the professional regulator. This can sometimes include having the professional's name as a part of the corporate name, as well as the profession itself. For example, Dr. J. Smith Dentistry Professional Corporation. Each governing body lists its own naming regulations, so it's essential to check their naming rules before registering.
A professional corporation cannot have a numbered corporate name in Ontario.
This is an important distinction when planning your incorporation.
4. The corporation's business activities are restricted
Regular business corporations are able to operate without any restrictions on the business activity they are involved in.
A professional corporation cannot operate as an unrestricted general business corporation.
Its articles of incorporation must restrict its business activities to the practice of the applicable profession and activities related or ancillary to that practice.
This can include certain related business activities and the investment of surplus funds earned by the corporation.
It does not mean that the corporation can freely operate unrelated businesses simply because it has been incorporated.
5. A Certificate of Authorization may be required
One of the most important requirements is obtaining the necessary authorization from the applicable regulatory body.
In Ontario, a professional corporation generally needs a Certificate of Authorization or other applicable authorizing document to practise the profession through the corporation.
The incorporation certificate issued by the Ontario government is not the same thing as a Certificate of Authorization issued by the professional regulator.
Both steps may be required.
For example, the College of Physicians and Surgeons of Ontario requires incorporated medical practices to obtain a Certificate of Authorization to operate.
What Is the Difference Between a Professional Corporation and a Regular Corporation?
Although both are incorporated businesses, professional corporations have additional restrictions that do not generally apply to standard business corporations.
Here is a comparison:
Feature | Professional corporation | Regular corporation |
Ownership | Subject to profession-specific restrictions | Generally broader ownership options |
Directors | Must meet applicable PC requirements | Generally broader eligibility |
Corporate name | Typically must include professional designation | Standard corporate naming rules |
Business activities | Restricted to professional practice and related activities | Can generally carry on a wider range of lawful business activities |
Regulatory approval | Required where prescribed by the profession's rules | Not ordinarily required solely because of incorporation |
Professional licensing | Professional must maintain applicable licensing | Depends on the nature of the business |
Corporate income tax | Subject to applicable corporate tax rules | Subject to applicable corporate tax rules |
Professional liability | Personal professional responsibility remains | Depends on the business and applicable law |
Which one is right for you?
A professional corporation may be appropriate if:
Your profession permits incorporation.
You want to operate your practice through a corporation.
You meet your regulator's ownership and licensing requirements.
You understand the additional administrative responsibilities.
The financial and business benefits justify the costs.
A regular corporation may be more appropriate for an entrepreneur operating a business that does not require a professional corporation structure.
If your profession has special corporate practice rules, however, you should not assume that an ordinary corporation is an acceptable substitute.
Expert tip: Confirm the appropriate structure with your professional regulator and an accountant before preparing your incorporation documents. Changing a corporation's structure after incorporation can create unnecessary costs and delays.
What Are the Benefits of a Professional Corporation?
There are several reasons why eligible professionals choose to incorporate their practices.
The benefits will depend on the nature of the practice, how much income it generates, the professional's personal financial circumstances and the applicable tax rules.
1. Potential tax planning opportunities
One of the most commonly discussed advantages is the potential for tax planning.
A professional corporation may allow an eligible professional to retain some business earnings inside the corporation rather than immediately withdrawing all income personally.
This can provide flexibility when planning salary, dividends and the timing of personal income.
However, incorporation does not automatically result in tax savings.
The actual benefit depends on the professional's circumstances and the tax treatment of the income.
For example, certain corporations may qualify for the small business deduction, while others may not.
2. Ability to retain earnings in the corporation
If the corporation earns more income than the owner needs for personal living expenses, some after-tax corporate earnings may be retained within the business.
This may allow the corporation to build reserves or invest surplus funds, subject to applicable tax and professional rules.
This can be useful for professionals who want to:
Build financial reserves.
Plan for future business expenses.
Invest eligible corporate surplus.
Manage the timing of personal income.
Prepare for future business needs.
The decision to retain income should be made with an accountant who understands professional corporations.
3. Separate business finances
Operating through a corporation creates a formal distinction between the professional's personal finances and the corporation's finances.
This can make it easier to track:
Professional income.
Business expenses.
Corporate investments.
Employee payroll.
Corporate assets and liabilities.
It also establishes a more formal business structure for managing the practice.
4. Business continuity
A corporation has a separate legal existence from its shareholders.
This can help establish continuity when the professional's circumstances change.
However, professional corporations have specific rules concerning share ownership and the death, retirement or loss of professional licensing of shareholders.
These situations must be managed in accordance with the applicable legislation and regulator requirements.
5. A formal business structure
Incorporation can provide a professional practice with a more structured business arrangement.
The corporation can enter into contracts, maintain its own accounts and manage permitted business activities in its own name.
This may be beneficial for professionals who are growing their practices or employing additional staff.
What Are the Disadvantages of a Professional Corporation?
While incorporation offers potential benefits, there are also costs and responsibilities to consider.
1. Higher setup costs
Establishing a professional corporation generally involves more than paying the government's incorporation fee.
Additional expenses may include:
NUANS name search fees.
Professional regulator application fees.
Legal or accounting advice.
Corporate setup and documentation services.
Share structure planning.
The total cost depends on the profession and the complexity of the corporation.
2. Ongoing accounting and tax responsibilities
A professional corporation has separate corporate reporting and tax obligations.
These may include:
Annual T2 corporate income tax returns.
Corporate financial statements and bookkeeping.
Payroll remittances, where applicable.
GST/HST obligations, where applicable.
Annual corporate filings and record maintenance.
Professional regulator renewals.
These obligations can create additional administrative work and accounting costs.
3. Restrictions on ownership
Unlike a standard corporation, a professional corporation cannot necessarily have family members, outside investors or unrelated business partners as shareholders.
The rules depend on the profession and applicable regulations.
This can limit how the corporation is structured and how ownership changes are handled.
4. Professional liability is not eliminated
This is one of the most important considerations.
Incorporation does not protect a professional from personal responsibility for their own professional negligence, misconduct or other professional obligations.
Ontario's Business Corporations Act, section 3.4, specifically addresses the fact that professional incorporation does not limit professional liability.
A professional corporation should therefore not be viewed as a substitute for appropriate professional liability insurance.
5. More paperwork and compliance
Professional corporations must maintain both corporate compliance and professional regulatory compliance.
This means you need to keep track of corporate records as well as any professional certificates, renewals and reporting requirements. Annual renewals or approvals from your governing body may be required, and a Certificate of Status or Corporate Profile Report may be requested to obtain this approval.
Missing a regulatory renewal can affect the corporation's authorization to practise.
Does a Professional Corporation Protect You From Personal Liability?
This is a question many professionals ask before incorporating.
The short answer is no, not when it comes to your own professional negligence or misconduct.
A professional corporation is a separate legal entity, but it does not eliminate the personal professional responsibilities of the individual providing the services.
For example:
A physician who operates through a professional corporation remains personally accountable for their professional conduct and obligations to patients.
Similarly, a lawyer practising through a professional corporation remains subject to the professional and ethical responsibilities imposed by the Law Society of Ontario.
What liability protection can incorporation provide?
A professional corporation may provide some separation between corporate obligations and the personal affairs of its shareholders.
For example, the corporation is generally responsible for its own contractual obligations and business debts.
However, there are important exceptions, including:
Personal professional negligence.
Personal guarantees.
Certain statutory liabilities.
Personal misconduct.
Obligations arising from professional legislation.
Situations where an individual is otherwise personally liable.
The actual protection depends on the circumstances.
Important: A professional corporation does not replace professional liability insurance, legal advice or proper risk management.
Professional corporation taxes in Canada
Tax planning is often one of the biggest reasons professionals consider incorporating.
However, it is important to understand that a professional corporation does not automatically receive special tax treatment simply because it is owned by a regulated professional.
It is generally subject to the same corporate income tax framework as other corporations, with specific rules applying depending on the type of income and the corporation's circumstances.
How are professional corporations taxed?
A professional corporation is generally responsible for paying corporate income tax on its taxable income.
The corporation may also pay its owner through:
Salary: The professional receives employment income from the corporation. Salary is generally deductible to the corporation when properly incurred, and payroll obligations apply.
Dividends: The corporation distributes after-tax corporate profits to its shareholder. Dividends are generally not deductible expenses for the corporation.
A combination of salary and dividends: Depending on the circumstances, a professional may use both methods of compensation.
The appropriate approach depends on the professional's income, personal tax situation, retirement planning and other financial considerations.
Can a professional corporation qualify for the small business deduction?
Yes, potentially.
An eligible Canadian-controlled private corporation (CCPC) may qualify for the federal and Ontario small business tax rates on qualifying active business income.
However, there are important exceptions.
One particularly important consideration is the Personal Services Business (PSB) rules.
What is a Personal Services Business?
A Personal Services Business is a classification under the Income Tax Act that can apply when an individual provides services through a corporation but would reasonably be considered an employee of the client if the corporation did not exist.
This is sometimes referred to as an incorporated employee arrangement.
If a corporation is classified as carrying on a Personal Services Business:
It cannot claim the small business deduction on that income.
It cannot claim the general corporate tax rate reduction on that income.
It is subject to an additional 5% federal tax on that income.
Its deductible business expenses are restricted.
The CRA has specific rules for determining whether a corporation is carrying on a Personal Services Business.
Example:
A professional who incorporates but continues to work almost exclusively for one organization under arrangements resembling an employment relationship may need to consider the PSB rules.
Simply having a corporation does not guarantee eligibility for the small business deduction.
Is a professional corporation tax-efficient?
It can be, but not in every situation.
The potential benefits depend on factors such as:
Annual professional income.
Personal living expenses.
Amount of income retained in the corporation.
Whether the corporation qualifies for the small business deduction.
Salary versus dividend decisions.
Retirement and investment planning.
Accounting and corporate maintenance costs.
For Ontario corporations, the CRA's published guidance indicates an Ontario small business tax rate of 2.2% on eligible Ontario small business income effective July 1, 2026, subject to applicable eligibility requirements and the relevant tax-year calculations.
This is not the tax rate for every professional corporation or every dollar of corporate income.
Our recommendation: Speak with an accountant before incorporating solely for tax savings. Have them compare your expected personal and corporate tax position, including annual compliance costs.
How Much Does It Cost to Register a Professional Corporation in Ontario?
The cost of setting up a professional corporation in Ontario depends on the profession, corporate name, regulatory requirements and whether you use professional assistance.
If you're researching how much to register a corporation in Ontario, the starting point is the government's incorporation fee.
However, professional corporations have additional expenses that need to be considered.
Ontario professional corporation incorporation costs
The following table outlines the typical cost categories.
Expense | Cost |
Ontario government incorporation fee | $300 |
NUANS name search | Varies |
Professional regulator application | Varies by profession |
Annual Certificate of Authorization renewal | Varies by regulator |
Incorporation assistance | Depends on service provider |
Legal advice, if required | Depends on complexity |
Accounting and tax setup | Depends on accountant |
The $300 government fee is the Ontario Business Corporations Act incorporation fee. It is not the total cost of establishing an authorized professional corporation.
Why is a NUANS search required?
Unlike a regular Ontario corporation, a professional corporation cannot have a numbered corporate name. This means you must choose a corporate name that meets the naming requirements.
A NUANS name search helps identify potentially conflicting business and corporate names. For an Ontario named corporation, an Ontario-biased or weighted NUANS report is required.
The proposed professional corporation name must also be acceptable to the applicable regulator.
Important: A NUANS report does not guarantee that the regulator will approve your proposed name. Check the regulator's requirements before filing your incorporation documents.
Professional regulator fees
Each regulatory body sets its own fees for professional corporation applications and renewals.
Here are examples of published fees:
Regulatory body | Application fee | Renewal fee |
CPSO (physicians) | $400 | $175 |
College of Chiropractors of Ontario | $52 application + $625 certificate issuance | $210 |
Royal College of Dental Surgeons of Ontario | $750 | $175 by July 31; $200 thereafter |
College of Veterinarians of Ontario | $400+HST | $100+HST |
These are regulator fees, separate from the Ontario government's incorporation fee. Always verify the current fee schedule before applying.
How to Set Up a Professional Corporation in Ontario
Setting up a professional corporation involves two important processes:
Incorporating the corporation with the Ontario government.
Obtaining the necessary authorization from your professional regulatory body.
The order and documentation requirements can vary by profession.
Step 1: Confirm that your profession permits incorporation
Before preparing your incorporation documents, contact your professional regulator.
Confirm:
Whether your profession permits professional incorporation.
Whether you qualify to establish a professional corporation.
Whether there are restrictions on shareholders.
Who can serve as a director or officer.
Whether your proposed corporate name requires pre-approval.
Whether a Certificate of Authorization is required.
Whether there are specific articles of incorporation requirements.
This is an important first step because different regulators have different requirements.
Step 2: Choose your corporate name
Ontario professional corporations must use a name that meets the applicable legal and regulatory requirements.
Your proposed name must:
Include Professional Corporation or Société professionnelle.
Meet the applicable professional naming rules.
Be acceptable under Ontario corporate naming requirements.
Not be a numbered corporate name.
Some regulators require the proposed name to be approved before incorporation.
For example, the College of Physicians and Surgeons of Ontario provides incorporation requirements that applicants should review before submitting their articles.
Step 3: Prepare your articles of incorporation
The articles of incorporation establish the legal structure of the corporation.
For a professional corporation, the articles must address the additional requirements imposed by the applicable legislation and regulator.
These may include:
The corporation's legal name.
Its registered office.
Its share structure.
Restrictions on who can own shares.
Restrictions on directors and officers.
Restrictions on business activities.
Any additional clauses required by the regulator.
This is one of the most important parts of establishing a professional corporation.
Incorrect articles may result in additional amendments, delays or rejection of the authorization application.
Step 4: Incorporate through the Ontario Business Registry
Once the required documents and corporate structure are ready, the incorporation can be submitted through the Ontario Business Registry.
Once the incorporation is approved, the corporation receives its Certificate of Incorporation and related corporate information.
Remember that receiving the Certificate of Incorporation does not automatically authorize the corporation to practise the profession.
Step 5: Apply for your Certificate of Authorization
After incorporation, submit the required application to your professional regulator.
The application may require:
Certificate of Incorporation.
Articles of Incorporation.
Shareholder information.
Director and officer information.
Confirmation of professional licensing.
Application forms and fees.
Other supporting documentation.
Each regulatory body has its own application process.
For example, physicians applying through the CPSO must use its secure online portal.
Step 6: Set up your corporate records and finances
Once your corporation has been established and the necessary authorization has been obtained, you will need to organize its ongoing business operations.
This may include:
Setting up bookkeeping.
Establishing payroll, if applicable.
Arranging appropriate insurance.
Preparing corporate records.
Establishing an annual filing and renewal calendar.
You should also speak with your accountant about the corporation's tax reporting and compensation arrangements.
Step 7: Maintain your professional corporation
Incorporation is not a one-time responsibility.
You must continue to meet corporate and professional regulatory obligations.
Depending on your profession, these may include annual authorization renewals, annual corporate filings, tax returns, financial records and reporting changes to the regulator.
Do Professional Corporations Need to Be Renewed?
Yes, but it is important to understand that there are different types of annual obligations.
A professional corporation must maintain its corporate status and comply with the ongoing requirements of its regulatory body.
Corporate annual requirements
An Ontario corporation must maintain its corporate records and meet its applicable filing obligations.
These include:
Maintaining a registered office address.
Maintaining accurate shareholder and director information.
Filing required changes with the Ontario Business Registry.
Completing its corporate tax filings.
Maintaining required financial records.
Ontario corporations should also ensure their beneficial ownership information and individuals with significant control records are maintained as required by law.
Professional regulator annual requirements
Many professional regulators require an annual renewal of the Certificate of Authorization.
For example, the CPSO requires professional corporations to renew their Certificates of Authorization annually.
The renewal date and fee depend on the profession.
Missing a renewal deadline can affect the corporation's authorization to practise.
Practical tip: Keep two separate reminders: one for your corporate compliance requirements and another for your professional regulator's annual authorization renewal.
Can You Operate a Professional Corporation in Another Province?
Professional corporation requirements are not identical across Canada.
Each province and territory has its own corporate legislation and professional regulatory framework.
A professional who is permitted to incorporate in Ontario should not automatically assume that the same structure, ownership rules or authorization will apply in another province.
For example:
Ontario has specific requirements under its Business Corporations Act.
Alberta has its own professional corporation requirements.
British Columbia has different corporate and professional regulatory frameworks.
Other provinces have profession-specific legislation and authorization requirements.
If you intend to provide professional services in more than one province, you should confirm the requirements with the relevant regulators in each jurisdiction.
Is a professional corporation the same as a federal corporation?
No.
A federal corporation is incorporated under the Canada Business Corporations Act.
An Ontario professional corporation is established under the Ontario Business Corporations Act and must satisfy the applicable professional legislation and authorization requirements.
For Ontario professional corporations, the Law Society of Ontario specifically requires incorporation under the Ontario Business Corporations Act for lawyers and paralegals.
The appropriate incorporation jurisdiction should therefore be confirmed before submitting any documents.
What Happens If You Want to Change Your Professional Corporation?
Once your professional corporation is established, you may need to make changes as your practice grows or your circumstances change.
Some changes involve the Ontario Business Registry, while others require approval or notification from your professional regulator.
Examples include:
Change | Potential requirement |
Articles of Amendment and governing body name approval | |
Notice of Change filing and possible governing body notification | |
Notice of Change filing and possible governing body notification | |
Change shareholders | Must meet profession-specific ownership rules |
Articles of Amendment and governing body approval | |
Add or remove a professional shareholder | Must comply with professional legislation |
Change professional practice arrangements | May require governing body notification or authorization |
Can you change the name of a professional corporation?
Yes, subject to the applicable rules.
However, the new name must continue to meet professional corporation naming requirements. You may need to obtain approval from your regulator before filing Articles of Amendment with the Ontario government.
Can you add or remove shareholders?
Potentially, but ownership restrictions must be followed.
You cannot simply transfer shares to someone who does not meet the applicable professional corporation requirements.
A change in professional licensing status, retirement or death can also trigger special requirements.
Can you change directors?
Yes, provided the new directors meet the applicable professional corporation requirements.
Ontario's general rules require directors and officers of professional corporations to be shareholders, subject to applicable exceptions and profession-specific legislation.
A Notice of Change would be filed, and the change may also need to be reported to your regulator.
What if you want to close your professional corporation?
Closing a professional corporation involves more than simply stopping business operations.
You may need to:
Notify your professional regulator.
Cancel or surrender the Certificate of Authorization, as applicable.
Complete outstanding corporate obligations.
Address outstanding tax and financial matters.
File the appropriate dissolution documents.
Close relevant business accounts.
It is important to coordinate the regulatory and corporate processes to ensure everything is properly completed.
Is a Professional Corporation Right for You?
A professional corporation can be a useful business structure, but it is not automatically the right choice for every professional.
Before making a decision, consider the following:
Question | Why it matters |
Does your profession permit incorporation? | Not all professions have the same rules |
Do you meet the ownership requirements? | Shareholders must satisfy regulatory restrictions |
Can you meet the ongoing costs? | Corporate and regulatory fees continue after incorporation |
Will you benefit from tax planning? | Incorporation does not automatically reduce your overall taxes |
Do you understand your professional liability? | Your personal professional responsibilities remain |
Are you prepared for additional administration? | Corporate and regulatory compliance must be maintained |
When might a professional corporation make sense?
A professional corporation may be worth exploring if you:
Operate an established professional practice.
Earn more than you need to withdraw personally.
Want to explore corporate tax planning.
Want to retain eligible business earnings.
Meet the professional regulator's incorporation requirements.
Are prepared to manage ongoing corporate obligations.
When might it not make sense?
It may not be the best option if:
Your profession does not permit professional incorporation.
Your income is relatively low or unpredictable.
The setup and ongoing costs outweigh the potential benefits.
You need a business structure that permits unrelated commercial activities.
You do not want the additional corporate reporting responsibilities.
The best way to decide is to compare the financial and operational implications of incorporation with your existing business structure.
Professional Corporation Checklist: Before You Incorporate
Before proceeding, use this checklist to make sure you have considered the important requirements.
Confirm that my profession permits incorporation
Contact my professional regulatory body
Review shareholder and director requirements
Confirm corporate naming requirements
Check whether my proposed name needs pre-approval
Confirm the required articles of incorporation clauses
Obtain the appropriate NUANS report
Calculate government and regulator fees
Prepare and submit incorporation documents
Apply for the Certificate of Authorization
Set up corporate banking and bookkeeping
Arrange appropriate insurance
Create a corporate compliance calendar
Confirm annual tax and regulatory filing obligations
How Launch A Business Can Help With Incorporation
Starting a corporation involves several important decisions, from selecting the right corporate name to preparing the incorporation documents and ensuring the corporate information is properly filed.
Launch A Business helps entrepreneurs across Canada register, incorporate, make corporate changes and maintain their businesses.
If you are considering establishing a professional corporation in Ontario, we can assist with the applicable Ontario incorporation filing process once the required professional structure and regulatory requirements have been confirmed.
Our services include:
Articles of Amendment.
Director and officer changes.
Corporate address changes.
Corporate searches and document requests.
Professional corporation applications may involve additional requirements from your regulatory body. We do not replace your professional regulator, accountant or lawyer, and we do not provide legal or tax advice.
Ready to explore your incorporation options? We're ready to help! Reach out today!
