The Null Device

Don't marry, incorporate

A modest proposal from security commentator Alec Muffett: Could we replace marriage with incorporation of private limited companies?
in the UK the biggest hurdle would be IR35 and certain aspects of expense policy, but you’d have a contract between the directors, clear dissolution clauses; all income could be directed to the corporation – taxed differently and offset against OPEX like nappies and so forth – and salaries paid out, plus it would own and depreciate shared assets like houses and cars. You could avoid much income tax by taking dividends – I know tax avoidance is infra dig at the moment, but I’m thinking of the future here – and you could offshore your marriage for better breaks.
But there would be no gender issues – no incorporation is between a man and woman – plus you could have more than one company director, have corporations that outlast their founders, and in extreme circumstances outsource large chunks of the whole enterprise.

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