Businesses change and develop as do the needs of their owners.
Company law and tax incentives are also subject to regular change. Sometimes it can be prudent to re-structure a business to obtain tax advantages which otherwise might be unavailable. Sometimes it can be beneficial to re-organise a business into one or more separate companies to facilitate a part sale or succession planning. Business development/expansion can sometimes be better served through the formation of a new company. Transferring business assets from individuals to a holding company can give rise to tax planning opportunities. Occasional business review coupled with professional tax advice is often a profitable exercise.
