The majority of professionals regulated by the Professional Code of Quebec, such as doctors, dentists, optometrists, pharmacists, denturists, veterinarians, chartered and licensed general accountants, land surveyors, lawyers, and notaries can now practice their profession through a business corporation.
However, the different professional orders have established specific rules to be followed regarding the operation of a professional business corporation, such as the ownership of voting shares, the composition of the board of directors, the quorum at board meetings, the restrictions on activities to be included in the bylaws, and the conditions surrounding authorized corporate names.
Some professionals also wish, in collaboration with their accountant and tax specialist, when incorporating, to establish a more elaborate structure including the creation of a family trust and a management business corporation, allowing for better income splitting and minimizing tax impacts.
Notary-Direct® offers professionals the possibility to handle all the legal aspects related to their incorporation. This includes the formation of the business corporation, obtaining authorization from the professional order, and, if applicable, setting up the family trust and the management business corporation that can complement the new structure.
We invite you to consult a member of the Notary-Direct® team because:
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