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

George Philip Miller
(864) 503-1337
920 Milliken Rd
Spartanburg, SC
Specialties
Business, Antitrust, International Law
Education
Yale Law School,Houston Baptist Univ
State Licensing
California

Koger M. Bradford
(864) 594-5303
100 Dunbar Street, Suite 200
Spartanburg, SC
Specialties
Debt Collection, Banking, Business, Employment, Real Estate
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

A. Todd Darwin
(864) 594-5322
100 Dunbar Street, Suite 200
Spartanburg, SC
Specialties
Business, Litigation, Health Care, Banking, Bankruptcy
Education
University of South Carolina School of Law,Wofford College
State Licensing
South Carolina

Stephen M Bingman
(864) 573-9889
P.O. Box 2593
Spartanburg, SC
Specialties
Real Estate, Wills, Probate, Business
Education
University of South Carolina School of Law
State Licensing
South Carolina

Thomas Alexander Belenchia
(864) 439-8401
P.O. Box 3421
Spartanburg, SC
Specialties
Corporate, Construction, Litigation, Real Estate, Probate
State Licensing
South Carolina

Timothy Ryan Langley
(864) 585-3873
PO Box 2765
Spartanburg, SC
Specialties
Workers Compensation, Personal Injury, Business, Litigation, Defective & Dangerous Products
Education
University of South Carolina School of Law,Wofford College
State Licensing
South Carolina

Charles J Hodge
(864) 585-3873
P.O. Box 2765
Spartanburg, SC
Specialties
Workers Compensation, Personal Injury, Business, Litigation, Medical Malpractice
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

Perry D. Boulier
(864) 594-5304
100 Dunbar Street, Suite 200
Spartanburg, SC
Specialties
Appeals, Business, Litigation, Health Care, Defective & Dangerous Products
Education
University of South Carolina School of Law,Wofford College
State Licensing
South Carolina

Ralph Phillips Jr
(864) 582-4560
220 North Church Street, Suite 3
Spartanburg, SC
Specialties
Real Estate, Business, Contracts, Estate Planning, Wills
Education
University of South Carolina School of Law,Graduate of Wofford College
State Licensing
South Carolina

Robert M. Barrett
(864) 594-5321
100 Dunbar Street, Suite 200
Spartanburg, SC
Specialties
Business, Employment
Education
Wake Forest University School of Law,Wofford College
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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