Incorporating your medical practice can bring a host of financial advantages to your business. Incorporation, in short, is the transformation of a business into a legally recognized entity. This entity is treated by law just as a person is; it can earn an income, accrue assets and liabilities, and must pay tax. Incorporation is a common practice throughout the business world, and the incorporation of medical practices is no exception.
Incorporation is a legal process whereby a legal business entity, is created, one that is separate from the owners. Once a company is incorporated, the business will be subject to the lower, corporate tax rates.
If you are looking to incorporate your Ontario business, contact Grinhaus Law Firm in Toronto. We look forward to working with you!
Aaron Grinhaus, wills lawyer at Grinhaus Law Firm located in Toronto, Ontario, will do his best ensure that your assets are divided the way you want them to be and will outline who you wish to care for your children. In order to ensure your wishes are carried out, put them in writing with a will.
Grinhaus Law Firm is well-versed in tax reduction and structuring for your business, as well as tax law and tax/business consulting. Contact us today for a free consultation
We represent both buyers and sellers in both purchases of assets and purchases of shares of a business.
If you have any questions about our legal services, or if you would like to schedule a consultation, please feel free to contact us.
Aaron Grinhaus is a lawyer and tax/business consultant with experience in tax law, business law, wills, and estate planning. He can help you with tax and corporate matters, tax reduction / structuring, CRA disputes, trust settlement, and various other estate and business matters.