ONTARIO PROFESSIONAL CORPORATION COSTS
Flat fee rate break-down for an experienced corporate lawyer to prepare and incorporate your Ontario professional corporation.
Contact Neufeld Legal PC at 905-616-8864 or Chris@NeufeldLegal.com
Incorporating a professional corporation involves numerous additional steps, including approval from the regulated profession's regulatory body and very specific inclusions in the articles of incorporation. As such, the base rate for incorporating a professional corporation is slightly higher than that of a regular corporation, with additional time and/or expenses incurred beyond the typical incorporation process potentially further increasing its cost. Our basic rate legal fees for an Ontario professional corporation starts at a mere $795.00, nevertheless as you can well note from the following charts there are considerable additional charges that must be paid in the process.
Ontario Professional Corporation Cost approximates:
|
$300.00 |
Provincial Charge for Incorporation |
|
$89.95 |
Electronic Incorporation Filing Charge |
|
$74.95 |
NUANS Name Reservation [one] |
|
$795.00 |
Legal Fees Specific to Base Incorporation (basic package includes: drafting of articles of incorporation, preparation of by-laws, incorporation resolutions, registers and ledgers, reporting letter) + * ^ for additional legal work see below |
|
$15.00 |
Share Certificates (further corporate supplies are available at additional cost, i.e. corporate seal, minute book binder) |
|
$19.50 |
Disbursements and Other Charges (low approximation, i.e. postage, printing, copies; whereas such things as couriers represent further charges) |
|
varies |
Regulated Profession's PC Registration Fees (i.e., medical: registration $400, renewal $175; dental: registration $750; engineer: registration $452, renewal $452; accountant: registration $230.40) |
|
$129.27 |
Taxes (unavoidable, where applicable) |
|
$1,423.67+ |
BASE INCORPORATION COST + Regulated Profession's PC Registration Fees (i.e., medical: add $400; dental: add $750; engineering: add $452; accountant: add $230.40) |
+ Beyond the base incorporation are such matters as licensing, foreign registrations, unanimous shareholder agreements, legal consultations, amongst a range of contracts and legal advice. There are a range other costs that will also be potentially incurred, including annual renewals, registered office services, etc.
* Standard hourly legal rate of lawyer Christopher Neufeld for work beyond the base incorporation work is $400 per hour, plus applicable taxes, disbursements and other charges.
Note prices are subject to change, together with being dependent upon additional work that needs to be undertaken.
When you incorporate a professional corporation with our law firm, you will benefit from the professional services of an experienced corporate lawyer who understands the importance of devising the appropriate corporate structure for your business operations, on a cost-effective basis. So if you are looking to incorporate a new professional corporation or deal with the corporate legalities impacting your professional corporation, contact us at 905-616-8864 or via email at Chris@NeufeldLegal.com.
^ Please note that the flat rates associated with a standard incorporation are strictly limited to a basic professional corporation and does not involve other matters that might be corrollary to the incorporation process or might be atypical for a standard incorporation, including but not limited to related legal or tax advice, engagement with other governmental bodies, licensing, drafting of pertinent business contracts (i.e., shareholders' agreements), negotiations, disputes, financing, coordination with other companies or other legal structuring.
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