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PROFESSIONAL CORPORATION REQUEST FOR - yukon ca

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The document is an application form for obtaining a professional corporation permit in Yukon. It outlines the necessary supporting documentation required for both Yukon incorporated businesses and extraterritorial corporations, including forms related to incorporation and registration. The application must be completed fully, with specific information about the corporation and its directors, and includes a declaration of good standing and compliance with licensing requirements. Personal information collected will be used for regulatory purposes.

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What is the difference between a professional corporation and a regular corporation in Ontario?

Licensing requirements: While anyone can form or serve on the board of a regular corporation, professional corporations must be formed by at least one person licensed in the relevant profession. Similarly, at least one director must be licensed in the profession. In some cases, all directors must be licensed.

What is the difference between a corporation and a professional corporation?

Tax benefits Many PCs pay out nearly all of their earnings in salaries, benefits, and bonuses, leaving almost no income to actually tax at the PC level. Because they are a corporation and not a partnership, PCs can completely deduct any business expenses or interest the corporation owes to employee-owners.

How do I register a professional corporation in Ontario?

Professional corporation registration steps Request to pre-approve firm name. Register with the Ministry. Obtain professional liability insurance. Register with CPA Ontario.

Do I need a professional corporation in California?

For licensed professionals earning less than $50,000 to $60,000 in net income annually without plans to grow their professional practice in the future, establishing a California Professional Corporation is still recommended if the licensed professional has or plans to have employees or independent contractors at any

What are the tax advantages of a professional corporation?

A professional corporation must follow the naming conventions required by the regulatory agency in charge of the field in which the corporation operates (CA Corp Code Section 13409). You can find these rules through your regulatory agency, such as the Medical Board of California or The State Bar of California.