As physicians approach retirement, there are many considerations to be made regarding the development of an effective succession plan for their medical practice. Physicians may have the opportunity to sell their medical practice, or they may decide to change their medicine professional corporation into an investment holding company in order to hold the assets that the physician has accumulated within their professional corporation. Physicians will likely have accumulated assets within their professional corporation and the most beneficial way to handle these assets depends on the amount and type of assets remaining in the professional corporation upon retirement. If the professional corporation is to be re-characterized as an investment holding company, it will be necessary to notify the CPSO and to file articles of amendment. We routinely assist physicians with the development and execution of their succession plan and help identify the most beneficial options available to them in order to ensure a smooth transition into retirement.
If you would like to discuss your retirement plan with us, please contact us and we will be happy to schedule an initial planning meeting.
Incorporation to Retirement
A multi-disciplinary suite of services tailored to assist physicians
Professional Corporations
Incorporating a medicine professional corporation can bring significant advantages. We work directly with tax advisors and accountants to ensure the most appropriate corporate structure is established in order to achieve long term goals.
