Corporate Attorneys Bristol CT

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 Bristol, CT that can help answer your questions about Corporate Attorneys.

Margaret M Hayes
106 North Street, P. O. Box 1197
Bristol, CT
Specialties
Family, Probate, Business, Landlord & Tenant
Education
University of Connecticut School of Law,Tufts University
State Licensing
Connecticut

Timothy W Furey
(860) 589-4343
43 BELLEVUE AVENUE PO BOX 670
BRISTOL, CT
Specialties
Family, Real Estate, Business, Bankruptcy, Estate Planning
Education
Suffolk University Law School,Holy Cross College
State Licensing
Connecticut

James Ziogas JR
(860) 584-2384
271 FARMINGTON AVE
BRISTOL, CT
Specialties
Family, Estate Planning, Personal Injury, Real Estate, Business
Education
Western New England College School of Law,Springfield College
State Licensing
Connecticut

Patrick Edward Scully
(860) 673-7141
& Reeve Llp, 79 Main Street
Unionville, CT
Specialties
Business, Real Estate, Personal Injury
State Licensing
Connecticut

Margaret F Rattigan
(860) 674-8296
270 FARMINGTON AVE STE 360
FARMINGTON, CT
Specialties
Commercial, Construction, Land Use & Zoning, Personal Injury, Litigation
Education
University of Connecticut School of Law,Fordham University,University of Connecticut
State Licensing
Connecticut

Richard A Goodine JR
(860) 583-1341
120 LAUREL ST
BRISTOL, CT
Specialties
General Practice, Estate Planning, Real Estate, Personal Injury, Business
Education
Roger Williams University, Ralph R. Papitto School of Law,Castleton State University
State Licensing
Connecticut

James D Donovan
(860) 589-4343
43 BELLEVUE AVENUE PO BOX 670
BRISTOL, CT
Specialties
Criminal Defense, Family, Real Estate, Personal Injury, Business
Education
Western New England College School of Law,Central Connecticut State University
State Licensing
Connecticut

William A Hamzy
140 Farmington Ave.
Bristol, CT
Specialties
Bankruptcy, Corporate, DUI, Speeding Ticket, Estate Planning, Real Estate
Education
Franklin Pierce Law Center,University of Connecticut
State Licensing
Connecticut

Robert John Reeve
(860) 673-7141
& Reeve Llp, 79 Main Street
Unionville, CT
Specialties
Business, Real Estate, Land Use & Zoning
State Licensing
Connecticut

Douglas K Simpson
(860) 606-1719
135 SOUTH RD
FARMINGTON, CT
Specialties
Insurance, Business, Contracts
Education
University of Connecticut School of Law,Dartmouth College
State Licensing
Connecticut

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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