Corporate Attorneys Beaufort SC

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 Beaufort, SC that can help answer your questions about Corporate Attorneys.

Melissa Helms Estes
(843) 982-0006
808-A Bay St.
Beaufort, SC
Specialties
Real Estate, Commercial, Residential
Education
University of South Carolina School of Law
State Licensing
South Carolina

Caroline M. Meng
(843) 379-0702
710 Boundary St
Beaufort, SC
Specialties
Personal Injury, Insurance, Business, Corporate, Litigation
Education
University of Mississippi School of Law,University of Mississippi
State Licensing
South Carolina

A Parker Barnes Jr
(843) 522-2600
P.O. Drawer 1729
Beaufort, SC
Specialties
Personal Injury, Workers Compensation, Business, Construction, Insurance
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

Thomas A. Holloway
(843) 524-3109
P.O. Box 1107
Beaufort, SC
Specialties
Personal Injury, Wrongful Death, Litigation, Insurance, Corporate
Education
Ohio Northern University - Claude W. Pettit College of Law,West Virginia University
State Licensing
South Carolina

Brantley W. Harvey Jr.
(843) 524-3109
P.O. Box 1107
Beaufort, SC
Specialties
Corporate, Business, Real Estate, Administrative Law, Environmental
Education
University of South Carolina School of Law,Citadel, Military College of South Carolina
State Licensing
South Carolina

J. A. Twombley
(843) 982-0100
311 CARTERET ST
BEAUFORT, SC
Specialties
Litigation, Personal Injury, Business, Arbitration, Wrongful Death, Civil Rights
Education
University of South Carolina School of Law,Clemson University
State Licensing
Georgia, South Carolina

Shawn L. Reeves
(843) 524-3109
P.O. Box 1107
Beaufort, SC
Specialties
Litigation, Environmental, Employment, Business, Personal Injury
Education
University of South Carolina School of Law,College of Charleston
State Licensing
South Carolina

Eugene Parrs
(843) 524-3109
P.O. Box 1107
Beaufort, SC
Specialties
Probate, Estate Planning, Tax, Employee Benefits, Corporate
Education
Syracuse University College of Law,Brown University
State Licensing
South Carolina

Scott M Merrifield
(843) 379-2660
P.O. Box 2450
Beaufort, SC
Specialties
Business, Litigation, Personal Injury, Workers Compensation, Family
Education
University of South Carolina
State Licensing
South Carolina

Peter L. Wolf
(843) 842-2202
94 Main St., Ste. C-102
Hilton Head Island, SC
Specialties
Estate Planning, Real Estate, Business, Tax, Probate
Education
New York University School of Law,State University of New York at Buffalo School of Law,State Univer
State Licensing
South Carolina

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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