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Numerical name vs. personalized name?
Your legal name must be used in all your official communications (contracts, invoices) with third parties. Having a personalized name allows you to register the legal name in words you want (ex: Plateforme Lex Start Inc.). If you do not wish to use a personalized name, the government will automatically assign you a numbered company name (ex: 1234-5678 Québec Inc.).
Share capital
Lex Start incorporates companies with a share capital of 2 classes (A and B) and an issuance of common shares (A) for the founders so that they have the same voting rights, dividend rights and right on the remaining assets of the Company (remainder). The share capital also offers the possibility to issue class B (non-voting) shares. To be able to pay different dividends to different shareholders (more flexibility) for the implementation of a stock option plan or investor share issuances, you can select our share capital of 13 classes of shares.
Assignment of intellectual property for co-founders (IP)
Have you or someone else created a technology, a logo, a website, or invented your company’s name? Does your company intend to use any of these creations in the course of its activities? It is recommended to ensure the intellectual property covering these creations are assigned to your company. This will allow the company to use and modify these creations without limitation and to be part of its assets, which can be assigned or licensed one day.
Professional Order
Professional orders have requirements regarding the incorporation of their members into a corporation in order to practice their profession. These requirements may, for example, govern the name of the corporation, impose restrictions on its activities or require that some or all of its shareholders or directors be members of the professional order in question. Before your incorporation, ask your professional order about the requirements imposed on you. Your incorporation kit will be adapted to these requirements so that your articles of incorporation and minute book comply.
Express Incorporation
The normal incorporation time is approximately 5 business days. By choosing the express option, we commit to incorporate your company within 2 business days from the receipt of your form.
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INCORPORATING YOUR MEDICAL CORPORATION
In every province, Colleges of Physicians and Surgeons allow their members to practice their profession under the structure of a corporation rather than under their personal name. This, of course, does not alter the professional responsibility incumbent upon physicians’ corporations towards their clients and their profession.
Practising medicine for the benefit of a physician corporation requires the specific authorisation from the College of Physicians and Surgeons of your province who grants such an authorisation ex officio, and after validating that your corporation complies with its regulations.
Although not identical, the main principles of regulation are similar in all provinces and relate to the same major aspects, namely, the name of the business and the control of the company, so that it remains in the hands of the physician at all times. The terms and conditions of these restrictions must be provided in the articles of incorporation of the physician corporation. Therefore, establishing a physician corporation involves additional steps that are incumbent upon Lex Start at the incorporation stage.
Although a physician corporation may comply with all the regulatory standards, physicians remain responsible for requesting the authorisation from the College. To do so, Lex Start provides physicians with all the required documentation. Note that additional fees ranging from $200 to $400 may be payable to the College to that effect.
INCORPORATION OF A MEDICAL CORPORATION, QUEBEC
Physicians may conduct their practice under the structure of a corporation they own. Following incorporation, an authorisation from the College of Physicians of Quebec (hereinafter “College”) must be obtained.
The College grants this authorisation provided the physician corporation includes specific rules in its articles of incorporation and internal regulations. These rules ensure the College that the physician corporation will remain under your control and in your capacity as a physician, and that the standards related to the business name are fulfilled.
When you incorporate with Lex Start, all the rules to obtain the authorisation from the College are respected.
This bundle for an incorporation of a medical society in Quebec includes:
The articles of incorporation in accordance with the requirements of the College;
The certificate of incorporation;
The digital version of the minute book (constitutive resolutions, internal regulations, share capital).
Various government fees.
The procedure requesting the College’s authorisation is not included in this bundle.
This bundle is appropriate if you are the sole owner of the physician corporation. Please contact us if this is not the case.
INCORPORATION OF A MEDICAL CORPORATION, ONTARIO
Physicians may conduct their practice under the structure of a corporation they own. Following incorporation, an authorisation from the College of Physicians and Surgeons of Ontario (here in after “College”) must be obtained by a physician corporation.
The College grants this authorisation provided the physician corporation includes specific rules in its articles of incorporation and internal regulations. These rules ensure the College that the physician corporation will remain under your control and in your capacity as a physician, and that standards related to the business name are fulfilled.
When you incorporate with Lex Start, all the rules to obtain the authorisation from the College are respected.
This bundle for an incorporation of a medical society in Ontario includes:
The articles of incorporation in accordance with the requirements of the College;
The certificate of incorporation;
The digital version of the minute book (constitutive resolutions, internal regulations, share capital).
Various government fees.
The procedure requesting the College’s authorisation is not included in thisbundle.
This bundle is appropriate if you are the sole owner of the physician corporation. Please contact us if this is not the case.
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