Incorporation is not limited to business enterprises. People belonging to various professions create entities that assume a separate identity from their members. These bodies also need incorporation to operate seamlessly and follow British Columbia law.
Cube law helps you incorporate such an entity, giving it a legal status and creating a legal framework for its operations. Each incorporation lawyer in our team helps its clients with seamless incorporation depending on their professions.
If you know the process of incorporating a company in BC, understanding professional incorporation is easy. It is the process of registering a dedicated body of professionals working in the same domain, giving it an entity that is separate from its founders and members. Just like a limited company, this body manages income, expenses, assets, liabilities, debt, and other relevant aspects independently.
If you belong to one of these domains and are willing to form an independent body that manages the affairs on its members’ behalf, we will help you with professional incorporation.
Professional incorporation is not for everyone. If you have a group of professionals working in the same field and generating limited revenue, you may not need professional incorporation. Such an arrangement is needed when the scale of your operations increases and the number of professionals in your team is high. Professionals also opt for incorporation to give their union a perpetual life. You can also opt for professional for ease of taxation for you and your peers. Just like a limited business, an incorporated body of professionals is eligible for tax benefits.
We are a team of legal professionals who bring years of experience to the table. Depending on your profession, we will guide you throughout the incorporation process.
Professional incorporation requires gathering, drafting, and reviewing multiple documents. Our lawyers will help you with documentation to ensure a seamless incorporation journey.
Even if you have no idea about professional incorporation, we will guide you throughout the process of giving your professional body a separate legal entity. Our lawyers will help you understand all applicable laws, clauses, and provisions to avoid confusion.
Cube Law ensures that all your contracts and agreements contain detailed provisions to avoid disputes. However, if a dispute arises, our lawyers will represent you and help you navigate the issue successfully.
Professional incorporation is the process of registering an entity of professionals (working in the same domain) as a separate legal entity. Just like an incorporated business, professional incorporation separates the assets, gains, expenses, and liabilities of the registered body from its members.
Here are the major steps involved in the standard professional incorporation procedure in British Columbia:
You will need the following documents for professional incorporation in Surrey:
Professional incorporation gives you major advantages, such as tax benefits and limited liability protection. Such an arrangement also provides professionals with health and pension benefits.
Meanwhile, it might lead to a complicated administration if the matters are not handled well. The professionals may also incur heavy initial costs before and during the incorporation process.
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