NewsCase StudiesEvents

Is Corporation Right For My Business?

Also in the news...

Foreign Secretary travels to India to strengthen economic and tech ties, October 2021

Liz Truss announces technology and infrastructure tie-ups with India to boost both economies and help developing countries grow in a clean and sustainable way.

International Trade Week launched to support new exporters

Trade department support for exporters in week-long event taking place next month

Moving Abroad For Work: How To Manage Your Finances

Relocating to a new country to start a business or get an exciting new role is an exhilarating process, but you need to make sure that you’re fully prepared.

International Trade Secretary opens the Global Investment Summit

Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.

Croatia: providing services and travelling for business

Guidance for UK businesses on rules for selling services to Croatia.

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.