When purchasing a dental practice, most dentists finance the purchase with a bank loan. Although a bank loan seems like a simple enough concept, there…
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We get called a lot on this topic every week: What’s My Practice Worth? If DMC was to list it on DentalPlace.ca and run an…
The U.S. just passed a major tax overhaul (the first since 1986) that will decrease corporate tax rates from 35 to 21 percent. The idea…
This is just me ranting and raving… I get pissed when good, hardworking folks who try to build that ‘Canadian dream’ of having their own…
OK. Buckle up. Things are about to get complicated, but hopefully, after you read this and the next 2 blog articles I’m writing, it will…
Here’s the idea: you have a dental practice that you own PERSONALLY and you now want to transfer it to your new professional corporation. You…
A dentistry professional corporation lets dentists save taxes in a number of ways. Deferring Taxes For starters, you can DEFER taxes by leaving money in…
So what are the bylaws? Why are they important? What can they be used for? Basically, if you think of a corporation as a separate…
What is a Certificate of Incumbency? This is a document that identifies and certifies who the directors and officers of a corporation are. This is…
Quietly, and without much notice, the Ontario government amended both the Regulated Health Professions Act, 1991 (the “RHPA”) and the Business Corporations Act (the “OBCA”). …