Corporate Attorneys Albany NY

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 Albany, NY that can help answer your questions about Corporate Attorneys.

Howard Arnold Levine
(212) 969-3310
1 Commerce Plz
Albany, NY
Specialties
Business, Mergers & Acquisitions, Intellectual Property
State Licensing
New York

Jennifer M. Boll
(518) 463-3990
54 State St Ste 803
Albany, NY
Specialties
Real Estate, Business, Estate Planning
State Licensing
Massachusetts, New York

Joseph Edward Lamendola
No street address
Albany, NY
Specialties
Business, Litigation, Real Estate, Family
Education
Tulane University Law School,State University of New York, College at Plattsburgh,University of Wale
State Licensing
New York

Jeffrey Steven Shelly
(518) 434-0600
10 N PEARL ST FL 4
ALBANY, NY
Specialties
Commercial, Litigation
Education
Albany Law School of Union University,State University of New York-Regents College,State University
State Licensing
New York

Joseph C. Lavalley III
10 N PEARL ST FL 4
ALBANY, NY
Specialties
Commercial, Litigation
Education
Albany Law School of Union University,State University of New York, Empire State College
State Licensing
New York

Randall Stark Beach
(518) 487-7600
1 COMMERCE PLZ
ALBANY, NY
Specialties
Commercial, Government, Land Use & Zoning
Education
Boston University School of Law,Union College
State Licensing
New York

Raymond Alfred Meier
(315) 738-1223
111 Washington Avenue
Albany, NY
Specialties
Business
Education
Syracuse University College of Law,Syracuse University
State Licensing
New York

Elizabeth K. Clyne
(518) 436-0786
99 PINE ST STE 207
ALBANY, NY
Specialties
Business, Administrative Law, Government
Education
Albany Law School of Union University,St Lawrence University
State Licensing
New York

Stephen Bruce Hanse
(518) 436-0786
99 Pine St
Albany, NY
Specialties
Business, Administrative Law, Government
State Licensing
New York

Karen Mary Martino
10 N PEARL ST FL 4
ALBANY, NY
Specialties
Business, Estate Planning, Probate, Tax
Education
New York University School of Law,St John's University School of Law,St John's University
State Licensing
New York

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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New York Antitrust Laws

Antitrust Code Section: Gen. Bus. §340 ¶5., et seq.

Time Limit to Bring Claim: 4 yrs. (suspended during pendency of federal action based in whole or in part on same matter)

Is a Private Lawsuit Possible? Yes; no prerequisite for administrative action but private party plaintiff must notify the attorney general

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com