I made the following brief comment at the November 2012 States meeting;
I just want to make a few brief points. Firstly, it is clear that there has been considerable consultation. I had seen various earlier proposals during the consultation process that I wasn’t sure about, but am satisfied that the changes outlined now seem sensible.
In particular, the expansion of those professionals who will be able to incorporate a company is logical. At the moment it is expensive to have to go to a CSP when you want to set up a company. Widening those eligible should have the effect of bringing down costs and allow those requiring a company, for whatever reason, to receive a more joined up service.
I also welcome the areas that seek to dispense with certain requirements for small companies and to make the audit exempt waiver indefinite. These can only help smaller businesses as it effectively reduces red tape, even if just in a small way. I hope that in the next few years we will see similar changes that help our small businesses even more.