Commentary

B9.101 Introduction to incorporation

Business tax
Business tax | Commentary

B9.101 Introduction to incorporation

Business tax | Commentary

Part B9     Incorporation and disincorporation

Contents of Part B9

B9.1     Incorporation

B9.2     Disincorporation

Division B9.1     Incorporation

For updates affecting this Division please see Part B0 Updates

Incorporation—overview

B9.101 Introduction to incorporation

A substantial number of points arise as regards the tax consequences for, or the obligations on, someone who is self-employed or in a partnership, and who chooses to incorporate. It is important to consider all such tax consequences and obligations. It can be misleading to make incorporation decisions based solely on a simplistic comparison of tax charges on a consistent figure of annual profits.

The commentary in this Division is relevant when

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