Dental Professional Corporations 

CALGARY LAWYER TO THE DENTAL PROFESSION

Providing corporate and business legal advice to Calgary dentists.

For dentists, it is absolutely essential that they assume control over their business practice. As such, dental 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 professional 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 Alberta Dental Association and College (website: oralhealthalberta.ca) governing engineering college, and in turn the Health Professionals Act (Alberta) that has been enacted to permit dentists and other health professionals to structure their business operations into a professional corporation.

So what are the advantages available to a dentist 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 dental professional corporation is but a single aspect of the corporate legal work that needs to be undertaken to operate an effective dental 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 dental practice, estate planning), at Neufeld Legal P.C., we have the experience and knowledge to assist you in advancing your dental practice. You can contact lawyer Christopher R. Neufeld at 403-400-4092 or Chris@NeufeldLegal.com