Lawyers for Psychotherapy Professional Corporations
If you are a registered psychotherapist 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 psychotherapists.
To be a psychotherapist 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 Registered Psychotherapists of Ontario. During the corporation registration and application process, you must ensure to meet strict requirements of the College of Registered Psychotherapists of Ontario.
To ensure compliance of your professional obligations, the College of Registered Psychotherapists 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 Registered Psychotherapists of Ontario.
Benefits of a psychotherapy professional corporation:
At Falcon Law PC, we can assist you with the registration and approval of your psychotherapist professional corporation. Having worked with many psychotherapist corporations, we are well versed with the requirements of the College of Registered Psychotherapists of Ontario and can assist you in easily obtaining approval for your psychotherapist corporation.
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If you are practicing psychotherapist in Ontario, registering as a psychotherapy professional corporation is an option but not an obligation. Registering as a psychotherapy professional corporation is a commercial decision and depends upon the particular nature of your practice.
No, with a psychotherapy professional corporation you will remain personally liable for your professional obligations as a psychotherapist.
You may be protected from the liability of non-professional business related activities. For example, if you entered into a property lease with your psychotherapist 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.
No, your family and friends cannot be shareholders or directors in your psychotherapist professional corporation unless they are members of the College of Registered Psychotherapists of Ontario.
Yes, your psychotherapist 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 Registered Psychotherapists of Ontario.
No, the only medical professional corporations which may be shareholders or directors in your psychotherapist professional corporation are other Psychotherapists.
- Click here to view the College of Registered Psychotherapists of Ontario’s application form.
- Click here to view the College of Registered Psychotherapists of Ontario’s advertising and self-representation checklist.
- Click here to view the College of Registered Psychotherapists of Ontario’s naming and professional corporation guidelines.
Find out more about:
- Incorporating as a psychotherapy professional corporation.
- Psychotherapy professional corporation lawyers.
- Law firm for psychotherapist professional corporation.
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