You will not be considered a client of our office until either we receive a monetary & written retainer from you, or we provide you with a written confirmation that you are retained as a client.
Wolfson Law Professional Corporation
Barristers & Solicitors
2345 Yonge Street, Suite 912
Toronto, ON, Canada M4P 2E5
In Ontario, a Professional Corporation is formed under the Business Corporations Act where permitted by the professional governing body. Normally a professional’s income (whether in a partnership or as an individual) is taxed fully in the year in which it is earned. By using a corporation, the taxes may be split between the individual and the corporation obtaining tax advantages.
Professional liability (misconduct etc.) is still solely on the individual, however, business liabilities may be segregated.
There are complex rules regarding the name, directors, shareholders, bylaws and articles of incorporation.
Kenneth Wolfson, JD