Transfer of business?? -sole trader to company

I've taken on a new client who is a anesthetist in a hospital so he has a paid job plus he does consultancy work for different hospitals. He has been registered as self-employed for the consultancy work 3 years. Since he is paying too much Income tax he wishes to incorporate his company (it has been incorporated already). Apart from a laptop and a car there are no other assets to transfer to his company. His profit from consultancy is £8000-£10000, and he hardly had any expenses. No outstanding debtors&creditors. How would you calculate the value of the business? Can he simple close his self-employed business and start working trough his company if he does not transfer any assets? would this still be a transfer? or simply closing down a business & starting a new one? thanks
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If he wants to take the money out of the company soon after earning it, by dividend, he is going to end up paying the same amount of tax except it will be a combination of corporation tax and income tax.