Occupational Therapist Professional Corporations Lawyers
If you are a registered occupational therapist in Ontario, then you are entitled to register your practice as a professional corporation. Professionals registered under Regulated Health Professions Act, 1991 are entitled to register as a professional corporation, including occupational therapists.
To be an occupational therapist professional corporation in Ontario, you are required to register a corporation pursuant to the Business Corporations Act, 1990. Following which, you are required to seek approval of the corporation to the College of Occupational Therapists of Ontario. During the corporation registration and application process, you must ensure to meet strict requirements of the College of Occupational Therapists of Ontario.
To ensure compliance of your professional obligations, the College of Occupational Therapists of Ontario requires that your corporation is structured appropriately. For instance, the name of your professional corporation must include your last name, the type of practice, and the term “professional corporation”. Further, you must ensure that all shareholders and directors are registered with the College of Occupational Therapists of Ontario.
Benefits of an occupational therapist professional corporation:
Corporate structuring benefits
Accounting and taxation benefits
Ease of sale or transfer your occupational therapist practice
Separate personal and business liabilities
At Falcon Law PC, we can assist you with the registration and approval of your occupational therapist professional corporation. Having worked with many occupational therapist professional corporations, we are well versed with the requirements of the College of Occupational Therapists of Ontario and can assist you in easily obtaining approval for your occupational therapist corporation.
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If you are practicing occupational therapist in Ontario, registering as an occupational therapist professional corporation is an option but not an obligation. Registering as an occupational therapist professional corporation is a commercial decision and depends upon the particular nature of your practice.
No, with an occupational therapist professional corporation you will remain personally liable for your professional obligations as an occupational therapist.
You may be protected from the liability of non-professional business related activities.
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.
No, your family and friends cannot be shareholders or directors in your occupational therapist professional corporation unless they are members of the College of Occupational Therapists of Ontario.
Yes, your occupational therapist professional corporation can apply for separate operating name or business name by way of a master business license. Please note that the master business license name must be in accordance with the naming standards of the College of Occupational Therapists of Ontario.
No, the only medical professional corporations which may be shareholders or directors in your occupational therapist professional corporation are other occupational therapists.
No, the main purpose of an occupational therapist professional corporation is to practice occupational therapy or activities ancillary to the practice of occupational therapy.
Articles of incorporation are the constating documents of a corporation. Articles of incorporation identify, among other things, the date and time on which a corporation was registered, the directors upon incorporation, and the registered office address upon incorporation.
Additional Resources
- Click here to view the College of Occupational Therapists of Ontario’s application guide.
- Click here to view the College of Occupational Therapists of Ontario’s initial application form.
Find out more about:
- Incorporating as an occupational therapist professional corporation.
- Occupational therapist professional corporation lawyers.
- Law firm for occupational therapist professional corporation.
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