Goodwill on incorporation
Have just taken on a client who incorporated last autumn from being a sole trader. He has not had an accountant before. He is an engineering consultant, one-man band, high earner. Can I include some goodwill on incorporation or was there really no market value to the business that the limited company purchased? Would like to be able to credit something to his DLA for him. He had no other assets to sell to the Ltd Co. Any thoughts appreciated.