Client works providing medical eximanation reports for the police, gets paid per report and also a retainer each month. They do also provide some reports for hospitals etc if required. All currently under self assessment as a sole trader.
I can see no reason why they can't incorporate after doing research on the web. Do any of you know any different?
Also, how about a gp who provides out of hours medical cover on a fixed fee basis?
Many thanks in advance for your help.
Replies (4)
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Incorporation
Why not value the goodwill @ some ridiculous figure, credit the director's loan account and advise hime to live off tax free income for a few years.
Question
Well, I think there is a problem in getting a GP incorporated because of NHS pension schemes... Not quite sure but I know this is a hurdle in getting a GP incorporated.
Regarding medico-legal reporting, business can be incorporated and I can see any problems in that however if personal injury case goes to court, court ask who has provided medical examination reports and what is their qualification. This could be an area where you can incorporate such a business but still keep consultants name as business name or atleast mention on all company correspondance.
I think comments on Goodwill have come out of the blue and were not part of you question.