Corporate Attorneys Bear DE

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 Bear, DE that can help answer your questions about Corporate Attorneys.

James P. Curran Jr.
(302) 894-1111
Conaty & Curran LLC, 220 Continental Dr Ste 215
Newark, DE
Specialties
Business, Mergers & Acquisitions, Corporate
Education
George Washington University National Law Center,University of Pennsylvania
State Licensing
Pennsylvania

Noel C Burnham
(302) 449-5780
10 BERGER COURT
Middletown, DE
Specialties
Commercial, Financial Markets And Services, Estate Planning
Education
Boston University,Johns Hopkins University
State Licensing
Delaware

David H Parrack
(410) 398-7400
226 E MAIN ST
ELKTON, MD
Specialties
Real Estate, Estate Planning, Commercial, Probate, Land Use & Zoning
Education
University of Baltimore School of Law,East Carolina University
State Licensing
Maryland

William H Lunger
(302) 888-2504
1020 N. Bancroft Parkway, Suite 100
Wilmington, DE
Specialties
Estate Planning, Tax, Business
Education
Georgetown University Law Center,Widener University School of Law,Dickinson College
State Licensing
Delaware, Pennsylvania

Jacqueline M Feely
(800) 632-9230
1202 Kirkwood Highway
Wilmington, DE
Specialties
Bankruptcy, Probate, Real Estate, Business
Education
Widener University School of Law,University of Delaware
State Licensing
Delaware

Doris P Scott
(410) 398-0611
109 E Main St
Elkton, MD
Specialties
Education, Appeals, Commercial
State Licensing
Maryland

Perry Seaman
(410) 398-7400
226 E MAIN ST
ELKTON, MD
Specialties
Real Estate, Probate, Car Accident, Business, Workers Compensation
Education
California Western School of Law,University of Delaware
State Licensing
Maryland

Dennis S Clower
(410) 398-7400
226 E MAIN ST
ELKTON, MD
Specialties
Personal Injury, Real Estate, Estate Planning, Business, Corporate
Education
Georgetown University Law Center,University of Richmond
State Licensing
Maryland

Robert C Mcdonald
(302) 888-2900
1010 North Bancroft Parkway, Suite 22
Wilmington, DE
Specialties
Workers Compensation, Personal Injury, Real Estate, Business, DUI
Education
Widener University School of Law,Willamette University,Willamette University
State Licensing
Delaware

Michael I Silverman
(302) 888-2900
1010 North Bancroft Parkway, Suite 22
Wilmington, DE
Specialties
Workers Compensation, Corporate
Education
Widener University School of Law,Syracuse University
State Licensing
Delaware

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...

Click here to read the rest of this article from GlobalBx