Incorporating a Professional Corporation in Calgary

Contact Neufeld Legal PC for your incorporation legal work at 403-400-4092 or Chris@NeufeldLegal.com

Professionals seeking to optimize their business operations through corporate structuring and the potential tax advantages that it can provide, need to look at the advantages available through the incorporation of one's professional practice as a Professional Corporation. A professional corporation is a legal construct, much in the way of other commercial companies, though having specific restrictions and obligations as a result of being regulated by the governing professional body, and in turn the provincial statute that has been enacted to permit the profession to structure its business operations into a professional corporation.

So what are the advantages available through a professional corporation (doctors/physicians, dentists, chiropractors, physiotherapists, optometrists, accountants). Potential advantages include: reduced corporate tax rates, ability to claim small business deduction, preferred capital gains tax treatment on the disposition of corporate shares including use of life time capital gains exemption, allowing family members to hold non-voting shares so as to facilitate income splitting, and tax deferral opportunities.

At Neufeld Legal P.C., we have the experience and insight to assist you in structuring your professional practice as a Professional Corporation, whether you are a doctor / physician, dentist, chiropractor, physical therapist, optometrist, accountant or lawyer. As such, when your looking to incorporating a new Alberta professional corporation* or dealing with its ongoing corporate development, you can look to the Calgary, Alberta law firm of Neufeld Legal P.C. Contact us at 403-400-4092 or via email at Chris@NeufeldLegal.com.

* Contact us with respect to rates for professional corporations in the province of Alberta, given that they are not your basic incorporation, as there are additional requirements, fees and work associated therewith; nevertheless, as with any basic incorportion, our charges do not involve other matters that might be corrollary to the incorporation process or might be atypical for incorporation work, including but not limited to related legal or tax advice, engagement with other governmental bodies or professional bodies, licensing, drafting of pertinent business contracts (i.e., shareholders' agreements), negotiations, disputes, financing, coordination with other companies or other legal structuring.

Unique Incorporation Steps for Medical and Dental Professional Corporations

Click on for more Business Incorporation Videos