Incorporation is a term most physicians and other professionals are familiar with, but may not fully understand.
Almost every physician knows someone who has incorporated, is thinking about incorporation, or has been advised to incorporate.
But what is incorporation?
I recently answered these and other questions at an incorporation seminar for the Professional Association of Residents of British Columbia (PAR-BC).
I have included a link to the detailed notes from the session:
After the summer I will be posting a series on incorporation for doctors, dentists, lawyers and other professionals. The above notes are a good starting point, but I’ll be exploring the issues in more depth in this blog.
If you have any questions, please contact me. You may also want to consider joining the Tax and Financial Planning for Medical Residents and New Doctors (Canada) or Tax and Financial Planning for Doctors (Canada) discussion groups on LinkedIn. The groups are open to all medical residents and physicians and provide the opportunity to ask financial questions and share your experiences with others.