Corporate Attorneys Alabaster AL

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 Alabaster, AL that can help answer your questions about Corporate Attorneys.

Russell Lynn Richardson
(205) 978-1119
524 Lorna Square
Birmingham, AL
Specialties
Business
Education
University of Texas
State Licensing
Texas

Robert P. Fann
(954) 771-4118
1200 Providence Park, Suite 200
Birmingham, AL
Specialties
Insurance, Commercial, Aviation
State Licensing
DC, Florida, Georgia

Jonathan Robert Geisen
(205) 244-3820
1600 Wachovia Tower, 420 Twentieth Street North
Birmingham, AL
Specialties
Equipment Finance, Mergers & Acquisitions, Business, Contracts, Corporate
Education
University of Alabama School of Law,Birmingham-Southern College
State Licensing
Alabama, Georgia

Kirk Debardeleben Smith
(205) 933-8893
1400 Park Place Tower, 2001 Park Place North
Birmingham, AL
Specialties
Litigation, Insurance, Commercial
Education
Vanderbilt University
State Licensing
Georgia

Denise Williamson Killebrew
(205) 250-8320
Suite 1600, 420 Twentieth Street N
Birmingham, AL
Specialties
Real Estate, Commercial, Business
State Licensing
Virginia

Jack Carney
(205) 969-8181
300 Vestavia Parkway, Suite 2300
Birmingham, AL
Specialties
Business Law

Data Provided By:
Kathryn S. Crawford
(205) 423-0010
12 OFFICE PARK CIR STE 101
BIRMINGHAM, AL
Specialties
Tax, Divorce, Corporate
Education
University of Alabama School of Law,University of Alabama - Tuscaloosa (main campus)
State Licensing
Alabama, Georgia

Jim Pattillo
(205) 328-6643
Financial Center - Suite 1600, 505 20th Street North
Birmingham, AL
Specialties
Defective & Dangerous Products, Medical Malpractice, Insurance, Transportation, Commercial
State Licensing
Alabama

Jeremy Lowery Retherford
(205) 226-3479
1901 6th Ave N Ste 1500
Birmingham, AL
Specialties
Landlord & Tenant, Bankruptcy, Commercial
Education
UNIV MS
State Licensing
Tennessee

Russell McWhorter Cunningham IV
(205) 328-9445
The Steiner Building, Suite 305, 15 Richard Arrington, Jr. Blvd. N.
Birmingham, AL
Specialties
Corporate, Tax, Real Estate, Business, Estate Planning
Education
New York University School of Law,University of Alabama School of Law,Auburn University, Auburn,Vand
State Licensing
Alabama

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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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