Accountant Professional Corporation 

 

 

Providing corporate and business legal advice to Calgary accountants.

Calgary Main

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CALGARY LAWYER TO THE ACCOUNTING PROFESSION

Providing corporate and business legal advice to Calgary chartered accountants, certified management accountants and certified general accountants.

For accountants, it is absolutely essential that they assume control over their business practice. As such, accounting professionals should seek to optimize their business operations through corporate structuring and the potential tax advantages that it can provide, one aspect of which is incorporating their accountancy practice as a Professional Corporation. A professional corporation is a legal construct, much in the way of other commercial companies, though having specific restrictions and obligations as a result of being regulated by the governing accounting institute / college, and in turn the Regulated Accounting Profession Act (Alberta) that has been enacted to permit the accounting profession to structure its business operations into a professional corporation.

So what are the advantages available to an engineer through a professional corporation. Potential advantages include: reduced corporate tax rates, ability to claim small business deduction, preferred capital gains tax treatment on the disposition of corporate shares including use of life time capital gains exemption, allowing family members to hold non-voting shares so as to facilitate income splitting, and tax deferral opportunities.

Yet the accountant professional corporation is but a single aspect of the corporate legal work that needs to be undertaken to operate an effective accounting practice in Calgary. From the standard operations of legal contracts, employment arrangements, equipment and property leases to the singular and/or unanticipated events (i.e., partnering with other professionals, selling or acquiring another accounting practice, estate planning), at Neufeld Legal P.C., we have the experience and knowledge to assist you in advancing your accounting practice. You can contact lawyer Christopher R. Neufeld at 403-400-4092 or Chris@NeufeldLegal.com

 

Calgary business lawyer Christopher Neufeld is a corporate commercial lawyer with the law firm of Neufeld Legal Professional Corporation (SunLife Plaza, 144 4th Avenue SW, Suite 1600, Calgary, Alberta and 77 Tuscany Ridge Mews NW, Calgary, Alberta) and is admitted to practice law in Alberta and Ontario (Canada) and New York (U.S.A.).  Christopher's legal practice focuses primarily on business law, in particular corporate commercial transactions (mergers, acquisitions, divestitures, business purchases and sales, etc.) and business contract work. Your local law firm that understands business. Specific businesses: Medical, Dental, Accountant, Engineering ... 

This website is provided for general information purposes only. It is not intended to be comprehensive or to include advice on which you may rely. You should always consult a suitably qualified lawyer on any specific legal matter. All liability is excluded in respect of any loss or damage which may arise in connection with the use of or reliance upon any materials and information appearing on this website. 2015.

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