We can help you to set up your new business in the most effectively planned and profitable way. It is our philosophy that for all good ideas to succeed they must be properly planned and implemented. We understand the requirements of most entrepreneurs and fulfil them as quickly as possible in order to make business ideas profitable.
As a business owner, you’re likely to face the decision of whether to incorporate once your business becomes successful. You’ll need to base your decision on a number of factors, both commercial and tax related.
Incorporation can bring a number of commercial benefits, such as:
The potential for liability is limited to assets owned by the corporation. However, corporate business owners often have to provide personal guarantees for business loans, extending the risk beyond business assets.
Because an incorporated business is a separate legal entity distinct from its owner, it can continue after the owner’s death, facilitating business succession.
Offsetting the commercial benefits are the commercial costs, including the legal and accounting fees associated with setting up the corporation and ongoing maintenance and compliance fees, such as the costs of preparing minutes, financial statements and tax returns.