Incorporation
Incorporating your business as a limited company can significantly reduce your personal tax liabilities, limit personal risk exposure, and provide access to corporate tax incentives and a more professional trading structure. We help sole traders and partnerships make this transition smoothly and tax-efficiently.
What are the benefits?
Tax Savings
Limited companies pay Corporation Tax at rates significantly lower than the higher Income Tax rates applicable to sole traders and partners. Director-shareholders can also extract profits in a mix of salary and dividends, reducing National Insurance Contributions substantially.
Limited Personal Liability
As a limited company, your personal assets are generally protected from business debts and claims. Unlike a sole trader or partnership where personal liability is unlimited, a limited company provides a clear legal separation between you and the business.
Access to Corporate Incentives
Limited companies can access R&D tax credits, the Patent Box regime, EMI share option schemes, and pension contributions through the company — reliefs not available to unincorporated businesses.
Professional Credibility and Flexibility
Operating as a limited company can enhance your credibility with customers and suppliers. It also provides greater flexibility for bringing in investors, incentivising employees, and planning your eventual exit.
How can Zenus Tax help?
We assess whether incorporation is the right step for you, taking into account all relevant taxes
We model the likely tax savings to give you a clear picture of the financial benefit
We advise on the most tax-efficient way to transfer your existing assets and goodwill to the new company
We set up the company and ensure the business transfer is structured correctly from day one
Frequently Asked Questions
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