IS INCORPORATION FOR YOU?
Under Saskatchewan’s The Professional Corporations Act, chiropractors may choose to incorporate their practices. Please consult with your lawyer or accountant to see if incorporation is appropriate for you.
Documents to familiarize yourself with:
The Professional Corporations Act
CAS Regulatory Bylaw 10
APPROVE PROFESSIONAL CORPORATION NAME
The professional corporation name must contain the words “Professional Corporation” or the abbreviation “Prof. Corp” or “P.C.” as part of the name of a professional corporation and must contain words to appropriately depict that the professional corporation is engaged in the business of providing chiropractic professional services such as: Chiropractic, Chiropractor or D.C.
Acceptable corporation names (examples):
- Smith Chiropractor Professional Corporation
- Z. Chiropractic P.C. Inc. or Ltd.
- A., D.C. Professional Corporation
STEP ONE – submit your Request for Name Search and Reservation to ISC. A Name Consent form will be sent to the CAS Registrar for approval.
STEP TWO – submit your incorporation documents to ISC for registration.
STEP THREE – submit your registered incorporation documents, application form and fee to the Chiropractors’ Association of Saskatchewan, Attention Registrar:
APPROVE AND ISSUE A PROFESSIONAL CORPORATION PERMIT
Once the professional corporation documents are approved by the Registrar, it is entered in to the CAS Corporate Registry and issued a permit.
REJECTION OF A PROFESSIONAL CORPORATION
Where an application for renewal of a permit is refused, the Registrar of the association shall send notice of that fact to the professional corporation.
ANNUAL RENEWAL OF PERMIT
The permit for the professional corporation must be renewed every year by submitting the following required forms and fee to the Chiropractors’ Association of Saskatchewan no later than December 31(renewal will be mailed to you):
The Registrar may request additional information relating to application for renewal of annual permit by a professional corporation and may refuse renewal of a permit until that information is provided.
FAILURE TO RENEW YOUR PROFESSIONAL CORPORATION PERMIT
If the necessary documents do not reach the Chiropractors’ Association of Saskatchewan on or before December 31, the following will happen:
The permit of the professional corporation to practice chiropractic will not be restored until a late fee of $100.00 is paid to the Chiropractors’ Association of Saskatchewan, in addition to the annual renewal fee of $150.00; and,
The professional corporation may be unable to invoice for professional services until the permit of the professional corporation is restored. This may have significant tax implications for the chiropractor involved.
EXPIRY OF PERMIT
Upon expiry of the permit, the corporation will lose its status as a chiropractic professional corporation but can continue to exist as an ordinary corporation under The Business Corporations Act if the new shareholders wish the corporation to continue. In that event, the name of the corporation would have to be change by excluding any words that reference ‘chiropractic professional corporation’ and replacing them as per wording in The Business Corporations Act.
Registrar, Chiropractors’ Association of Saskatchewan
228 University Park Drive
Regina, SK S4V 1A3
PH: 306-585-1411 Fax: 306-585-0685