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Professional Corporations (PCs)

PROFESSIONAL CORPORATIONS

 

Members of the Law Society of the Northwest Territories, both resident and non-resident, may make use of Professional Corporations.

The provisions governing Professional Corporations is set out in the Rules of the Law Society, beginning with Rule 150, as well as in the Professional Corporations Act.

Rules around registration begin at Rule 153 for NWT Professional Corporations, and Rule 154 for Extra-Territorial Professional Corporations.  If a member of the NWT Law Society has a Professional Corporation and it is licensed/registered/permitted in another jurisdiction, it must be registered in the NWT as well.

Before a Professional Corporation can be registered with the Law Society, it needs to be registered at NWT Corporate Registry.

Form 10.1 is the Application for Registration for an NWT Professional Corporation.

Form 10.2 is the Application for Registration for an Extra-Territorial Professional Corporation.

The cost of registration is currently $305 plus GST.

In addition to registering, each Professional Corporation must obtain an annual permit.

Form 10.3 is the Application for an Annual Permit for all NWT Professional Corporations.

Form 10.4 is the Application for Renewal of an Annual Permit for all NWT Professional Corporations.

Cost of an annual permit, and renewal of an annual permit is currently $155 plus GST.

Permits must be renewed prior to January 1 of each year..