Company Incorporations

There are many reasons why businesses incorporate, and mostly it is not for the widely held belief that it saves tax!

Businesses should choose the vehicle appropriate to them, and if this involves a sole trader-ship then so be it. At some stage, proprietors will wish to protect the assets they have built up, from any adverse factors affecting their business. The obvious way is to form a limited liability company. By using such a vehicle, in the majority of cases, there will be no personal liability of the shareholders or directors if the business founders.

Other reasons to incorporate include the ability to take on outside investment by way of loan capital or additional shareholdings. Further some businesses wish to have greater commercial credibility which running a limited company often brings.

We have experience of taking businesses from a sole trader, through to partnerships and then to limited companies, as the circumstances dictate. The tax consequences of incorporating a business can be significant, but we always advise that these should be secondary considerations, as the tax regime can change to remove any actual or perceived tax benefit.

There are various procedures which must be carried out to ensure an effective incorporation, and we will assist you along this route to make it as smooth a possible.