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Professional Corporations: Overview, Advantages, Disadvantages

Professional corporations for doctors, dentists, accountants, lawyers, architects, engineers and such other professions as might be permitted by their professional governing body and enabling provincial legislation can be quite advantageous where properly undertaken and utilized, while at the same time can have significant issues where instituted and/or operated improperly. Understand the differences of standard corporations versus professional corporations, the differences between the professions and the various jurisdictions, as all of these aspects play into how you might incorporate and operate a professional corporation. For more practical insights pertaining to incorporating a business as a company visit us at http://www.LawyerIncorporation.com and for more expansive insights into our law firm's legal practice visit us at http://www.neufeldlegal.com. With over 20 years of legal experience, practicing in Calgary, Alberta and Toronto, Ontario, Canada, as well as New York City, New York , USA, business corporate law has been a central part of my legal practice, such that I very much enjoy speaking on various aspects of company incorporations and related areas of business from a general / overall perspective, even though I do look to get into many of the specifics. For with this foundational base knowledge, you can hopefully attain a better grasp of the business' operations and obligations, although it is important to recognize that much of what happens in the corporate is heavily fact driven and impacted by the specific law of the jurisdiction within which the corporate entity is undertaking business (hence the value of a knowledgeable lawyer who is admitted to practice in the particular jurisdiction). This also means looking at other business structuring aspects and corporate relationships, which includes unanimous shareholder agreements, shareholders / stockholders, directors, officers, creditors, debtors, investors, dividends, financing, leases, extra-provincial registration, joint ventures, partnerships, sole proprietorships, licensing, mergers, acquisitions, divestitures, amalgamations, etc. For legal matters pertaining to professional corporations in Alberta and Ontario, including incorporation and corporate legal matters, we welcome you to contact our law firm at [email protected] or 403-400-4092 / 905-616-8864. Visit our website https://www.lawyerincorporation.com for more information on doctors and physicians incorporating medical professional corporations; dentists incorporating dental professional corporations; accountants incorporating accounting professional corporations; lawyers incorporating legal professional corporations; chiropractors incorporating chiropractic professional corporations; physiotherapists incorporating physiotherapy professional corporations; optometrists incorporating optometry professional corporations; social workers and social service workers incorporating social work professional corporations; veterinarians incorporating veterinary professional corporations; architects incorporating architectural professional corporations; engineers incorporating engineering professional corporations; and real estate agents incorporating realtor professional corporations. ** PLEASE NOTE: This is attorney advertising that is provide solely for informational purposes. The video only addresses very general aspects, without delving into specifics, which are absolutely critical to any legal analysis and approach. As such, it is ALWAYS recommended to engage the services of a knowledgeable lawyer to address the specifics of your particular situation, as this will dictate how you should approach any business or legal matter. Your receipt of such information does not create a solicitor-client relationship with Neufeld Legal PC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters. Law Firm Website: https://www.neufeldlegal.com Incorporation Website: http://www.lawyerincorporation.com #incorporating #newcompany #professionalcorporation