Corporate Attorneys Akron OH

This page provides relevant content and local businesses that can help with your search for information on Corporate Attorneys. You will find informative articles about Corporate Attorneys, including "Costs And Benefits Of Incorporating Your Business". Below you will also find local businesses that may provide the products or services you are looking for. Please scroll down to find the local resources in Akron, OH that can help answer your questions about Corporate Attorneys.

John Walter Solomon
(330) 208-1013
106 South Main Street,Ste 1100
Akron, OH
Specialties
Litigation, Antitrust, Commercial
Education
University of Michigan
State Licensing
Ohio

Michael Byron Bowler
(330) 253-3337
19 N High Street
Akron, OH
Specialties
Business, Family, Criminal Defense
Education
University of Akron
State Licensing
Ohio

Eric Eugene Skidmore
NATIONAL CITY CENTER 1 CASCADE PLZ FL 12
AKRON, OH
Specialties
Real Estate, Banking, Bankruptcy, Corporate, Family
Education
Ohio Northern University - Claude W. Pettit College of Law,Mount Union College,Ohio State University
State Licensing
Ohio

James Patrick Burke
(330) 849-6623
222 South Main Street
Akron, OH
Specialties
Litigation, Commercial, Appeals
Education
University of Notre Dame
State Licensing
Ohio

John Joseph Guy
(330) 535-2151
106 S MAIN ST STE 2210
AKRON, OH
Specialties
Chapter 11, Chapter 7, Business
Education
Kent State University,University of Akron
State Licensing
Ohio

Katherine Adelaide Albrecht
(330) 208-1157
106 South Main Street, Suite 1100
Akron, OH
Specialties
Antitrust, Real Estate, Commercial
Education
University of Akron
State Licensing
Ohio

Cynthia Paige Bayer
(330) 849-6711
222 South Main Street
Akron, OH
Specialties
Corporate, Business, Real Estate, Construction, Education
Education
Cleveland State University - Cleveland-Marshall College of Law,Miami University of Ohio
State Licensing
Ohio

Brian Keith Skidmore
NATIONAL CITY CENTER 1 CASCADE PLZ FL 12
AKRON, OH
Specialties
Real Estate, Probate, Employment, Business, Corporate
Education
Wake Forest University School of Law,Mount Union College,University of Tennessee, Knoxville (main)
State Licensing
Ohio

Jay P. Porter
(330) 208-1011
106 South Main Street,Ste 1100
Akron, OH
Specialties
Real Estate, Business, Antitrust
Education
College of William and Mary
State Licensing
Ohio

Stephen Joseph Pruneski
(330) 434-3000
1500 One Cascade Plaza
Akron, OH
Specialties
Land Use & Zoning, Litigation, Commercial
Education
University of Akron
State Licensing
Ohio

Costs And Benefits Of Incorporating Your Business

Long ago, when a person went into business, they risked losing their personal assets if the business failed. Then, along came the corporation, and things started looking up. There are advantages to most types of business structures, but incorporation tends to have the greatest advantages and protections for business owners.

By incorporating your business, you will be gaining protection from personal liability. If a business is incorporated, the corporation is responsible for all debts owed by the business. If the business is sued, the corporation is being sued - not the business owners. The business owners personal assets are protected by the corporation.

One of the most attractive benefits of incorporating is the tax savings. The tax savings you may realize are dependent upon the type of corporation you choose - C Corporation or S Corporation. Income shifting, where income is divided between the corporation and its shareholders in a manner that lowers taxes for both the shareholders and the corporation, is one of the potential tax advantages. Favorable tax treatment of fringe benefits is also possible, which allows incorporated businesses to deduct up to 100% of insurance premiums with the proper insurance plan.

There are also no limits or restrictions on the amount of capital losses that a corporation may carry back or forward to subsequent tax years. Further more, individuals may be able to realize tax savings by leasing their personally owned property, such as real estate or automobiles to the corporation. A business owner can also save money in self employment taxes. A business owner who does not incorporate his business (sole proprietorship) must pay self employment taxes on all profits, however, if the business is incorporated, the business owner will only owe self employment taxes on the amount that was actually paid to him, in the form of a salary. A tax professional will help you determine which type of corporation will give you the greatest benefits.

Ownership of a corporation is easily transferable is you decide to retire or get out of the business. Stock is simply transferred to other stock owners, heirs, or back to the corporation. A corporations life is not dependent upon the life of it's members. When a member dies or sells out, the corporation continues to exist and do business.

If your business is incorporated, operating capital can be raised more easily, by selling stock, and investors are e...

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Ohio Antitrust Laws

Antitrust Code Section: 1331:01, et seq.

Time Limit to Bring Claim: 4 yrs., 1331.12(B)

Is a Private Lawsuit Possible? Yes; attorney general power to enforce

Can a Successful Plaintiff Recover Attorneys' Fees? No

From www.findlaw.com