Professional Corporations

A professional corporation is a corporation that provides professional services that are regulated by the governing body of that particular profession. Professionals who wish to incorporate must comply with the rules and regulations of their governing body. Professionals face unique challenges when incorporating a company as each profession’s governing body has their own unique, and sometimes very strict requirements on how the company may be set up, who may be involved in running the company as a director or officer, and who may be a voting or non-voting shareholder of the professional corporation. Our clients typically include physicians, realtors, dentists, veterinarians, accountants, chiropractors, and other medical health professionals.

Why is a profession’s governing body involved in this incorporation process, and why do they sometimes make it so difficult? The governing body of each profession has a duty to ensure that the practice of that profession is fully and completely controlled by licensed professionals, and that each individual practising that profession remains responsible for the quality of the work provided by them through their professional corporations. Kerfoot Burroughs works with our clients to achieve the best corporate structure that complies with the restrictions of our client’s governing bodies. Not only do we understand the difficulties, we also have the solutions.

Kerfoot Burroughs LLP was able to help me incorporate my Personal Real Estate Corporation quickly, efficiently and with great attention to detail. I highly recommend their lawyers to other professionals seeking guidance.

Henry So, Realtor, Re/Max Real Estate Services

Kerfoot Burroughs is familiar with the intricacies and requirements of incorporating professional corporations. We customize each company so that our clients are fully compliant with their governing body’s restrictions. Our experienced Vancouver-based corporate lawyers achieve the best results for our professional clients by making the incorporation process simple, transparent, and efficient. Our professional clients appreciate our attention to detail, our personal service, and our understanding of busy professionals wanting the job done right the first time. We do the work so our professional clients can do what they do best.

We have recently assisted the following categories of professionals incorporate and comply with the corresponding legislative requirements:

Profession

Legislation

Governing Body

Personal Real Estate Corporation Real Estate Council of BC
Medical Corporation College of Physicians and Surgeons of British Columbia
Professional Accounting Corporation Chartered Professional Accountants of British Columbia
Chiropractic Corporation College of Chiropractors of British Columbia
Massage Therapist Corporation College of Massage Therapists of British Columbia

 

 

 

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