Wait a few years?

EVERY TAX PRACTITIONER will have his or her own view as to when incorporation should be advised. Assuming there are no other disadvantages to incorporation £30 000 profits and growing would not be too far from the majority view. So what if a new start up comes to your practice with projected profits of £100 000 p.a. The initial thought is probably to set them up as a corporate. But is this the best advice or are there other advantages in waiting a year or two?
In my opinion there is a good case for all start ups being set up as a sole trader partnership or limited liability partnership (LLP) for the first two years of trading — even if one anticipates significant profits.
This might be prudent in any event as start up projections can be a little optimistic. We could recommend starting as...