May I ask how everything worked out (or is working out)? I am in the process of trying to determine whether a company will be an appropiate vehicle for holding the investments of someone I know. To set one up is extremely simple, but some of the record keeping and financial statement preparation can be troublesome. The other option would be to use a trust, which generally involves higher start up costs but has minimal statutory requirements in terms of reporting etc.

A common misbeleif is that setting up a company will entitle you to extra deductions. Tax is entity neutral, so there is no need to set up a company before you start depreciating your laptop and claiming home office expenses.