Here are the steps you need to follow if you want to set up a practice in the NWT.
Are you an active member?
If you are going to be practicing in the NWT, you need to be an active member of the Law Society of the NWT.
Are you insured?
If you are going to be in private practice, you must be covered by the mandatory insurance provided by CLIA. The insurance year runs from July 1 to June 30.
You may also want to consider whether you want to apply for excess insurance. Excess insurance is voluntary.
Do you need a trust account?
If you are establishing a trust account, the account must be interest bearing. All interest from the trust account must be paid to the NWT Law Foundation.
If you have a trust account, you will need to reconcile it monthly. Requirements around trust account reconciliation begin at Rule 100.
Has an accountant approved your books?
Here are other issues you should be aware of as you start your practice:
- Do you need a business license?
- Do you need to register with the WSCC?
- Have you registered with Revenue Canada?
- Do you need a drop box at the Yellowknife Courthouse?