CPA Professional Corporations Lawyers
If you are chartered professional accountant in Ontario, then you are entitled to register your practice as a professional corporation. To commence practice as a professional corporation, you must be registered with CPA Ontario and licensed to practice as a chartered professional accountant in Ontario.
An initial step in commencing practice as a CPA professional corporation is to register a new corporation under the Business Corporations Act, 1990. Following which, approval of the proposed CPA Professional Corporation is required from CPA Ontario. During the corporation registration and application process, you must ensure to comply with the strict requirements of CPA Ontario.
To ensure compliance of your professional obligations, CPA Ontario requires that your corporation is structured appropriately. For instance, a CPA professional corporation must meet the naming requirements set out by CPA Ontario. An applicant may be required to seek pre-approval of the proposed name for a CPA professional corporation prior to filing an application with CPA Ontario.
Benefits of a CPA professional corporation:
At Falcon Law PC, we can assist you with the registration and approval of your CPA professional corporation. Having worked with many CPA corporations, we are well versed with the requirements of CPA Ontario and can assist you in easily obtaining approval for your CPA professional corporation.
Following registration of your CPA professional corporation, Falcon Law PC can assist you with the ongoing corporate and professional compliance of your CPA professional Corporation, advise on professional liability insurance matters, and facilitate corporate transactions and agreements relating to your CPA professional corporation.
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If you are chartered professional accountant in Ontario, registering as a CPA professional corporation is an option but not an obligation. Registering as a CPA professional corporation is a commercial decision and depends upon the particular nature of your practice.
No, with a CPA professional corporation you will remain personally liable for your professional obligations as a Charter Professional Accountant.
You may be protected from the liability of non-professional business related activities. For example, if you entered into a property lease with your CPA professional corporation, then you most probably would not be personally responsible for this.
You are required to maintain a minute book for any corporation in Ontario. A minute book is a virtual or physical book containing your corporate records, including, but not limited to, share certificates, ledgers, and resolutions.
Once you have registered a CPA professional corporation, you are required to ensure ongoing compliance with corporate laws and professional obligations set out by CPA Ontario. Falcon Law PC is experienced in representing many CPAs and CPA professional corporations and we can assist you with all of your corporate maintenance requirements.
Find out more about:
- Incorporating as a CPA professional corporation
- CPA professional corporation lawyers
- Law firm for CPA professional corporation.
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