NewsCase StudiesEvents

Is Corporation Right For My Business?

Also in the news...

Joint outcome statement: India-UK round five FTA negotiations

Round five of negotiations for a free trade agreement between the Republic of India and the United Kingdom

Customs declaration completion requirements the UK

Use this guide as a supplement when using the CHIEF and CDS trade tariffs to import and export goods to and from Great Britain (England, Scotland and Wales) after the end of the transition period.

What import and export restrictions apply due to sanctions for UK companies when trading with Russia.

Trading under sanctions with Russia

Confined establishments approved to export ungulates to the EU

Lists of confined establishments in Great Britain, Jersey and the Isle of Man approved to export or move ungulates to the EU and Northern Ireland.

Import VAT and Customs Duty on gifts

Find out about Import VAT and Customs Duty when you send gifts into the UK.

Is Corporation Right For My Business?

Back to News

Separate legal entity provides many benefits, but comes at certain costs. Not everyone needs a corporation, and not everyone is ready to manage it.

In addition to the higher registration costs, Corporation imposes many administrative responsibilities on its incorporators. In addition, by creating a separate legal entity, and a new tax-payer, Incorporation results in additional tax returns and higher costs of preparation than Sole Proprietorship.

Despite certain drawbacks, operating under an incorporated entity provides business owners with significant benefits. It also opens more opportunities and possibilities for the future business growth and development. In addition, it shields the business owners from many legal and administrative liabilities.

In this video, we overview the benefits and the costs of a corporation and will discuss to which types of businesses, or business ideas it provides the best solution. We will provide a list of considerations for entrepreneurs that should support their decision to incorporate their business and operate as a separate legal entity.


You are not logged in!

Please login or register to ask our experts a question.

Login now or register.