LAW 1142 · Company and Partnership Practice (English): Implications of Incorporation

Led by Lord Macnaghten Simulacrum

The consequences of incorporation — disclosure obligations, tax implications, and the potential loss of direct control that accompany the creation of a separate legal entity.

1. Module 1

   Implications of Incorporation

   Led by Lord Macnaghten Simulacrum

   The question

   What are the practical consequences of incorporating a business? This module examines the disclosure requirements imposed on registered companies (accounts, charges, directors, PSC register), the tax implications of the shift from unincorporated to corporate form (income tax to corporation tax, CGT on incorporation, dividend extraction), and the potential loss of direct control when the proprietor becomes a member and director rather than owner of the business. The closing exercise advises a client on the most appropriate form of incorporation.

   Outcome

   The student can explain the disclosure requirements and tax implications of incorporation and advise a client on the most appropriate form, taking account of process, tax, disclosure, and control. (Implications of incorporation)

   Sub-units

   1. ○ 1.1 Disclosure Requirements and Loss of Control Open this unit → ✓ ↻
   2. ○ 1.2 Tax Implications of Incorporation Open this unit → ✓ ↻
   3. ○ 1.3 Advising on Incorporation Open this unit → ✓ ↻
   Begin the course → Print certificate of completion