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Professional Corporations
- The
Professional Corporations Act allows health professions to
incorporate under certain conditions:
- the profession must first be designated by regulation;
- the corporation must be incorporated or registered as an
Extra-Territorial Corporation under the
Business Corporations Act (contact Corporate Registries,
Department of Justice at 867-920-8985);
- specific rules apply to names of corporations (see
Names of
Corporations);
- application is made to the Registrar, Professional Licensing to be
issued a permit to practice as a corporation.
- Professional incorporation is an option for self-employed professionals.
Individuals are advised to seek advice from their legal and financial
advisors as to whether professional incorporation would be beneficial to
them.
- Section 4 of the Governing Body Rules for Health Professions state that
the name of the corporation incorporated in the NWT must:
- include the words “professional corporation” or one of the following
terms or abbreviations: Société professionnelle; Prof. Corp.; P.C.; soc.
Prof.; or s.p.;
- describe the services that a member can perform, i.e., medical,
dental, etc.;
- include the member’s last name, where a single member wishes to
incorporate; and
- not be a numbered company.
- For specific questions on names contact:
professional_licensing@gov.nt.ca.
- The following professions are currently designated:
