Corporate Attorneys Bristol VA

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, VA that can help answer your questions about Corporate Attorneys.

Steven Ray Minor
(276) 466-8400
110 Piedmont Avenue, Suite 300
Bristol, VA
Specialties
Business, Constitutional, Employment, Personal Injury, Appeals
Education
William & Mary Law School,University of Virginia
State Licensing
Tennessee, Virginia

Eric Wagaman Reecher
(276) 466-8400
P.O. Box 8400
Bristol, VA
Specialties
Litigation, Personal Injury, Bankruptcy, Corporate, Employment, Appeals
Education
Emory University School of Law,Duke University
State Licensing
Virginia

Troy James Perdue
(423) 793-4807
804 ANDERSON ST PO BOX 2009
BRISTOL, VA
Specialties
Business, Commercial, Land Use & Zoning
Education
University of Tennessee College of Law,Palm Beach Atlantic College
State Licensing
Tennessee

Mark Louis Esposito
(423) 793-4800
804 ANDERSON ST PO BOX 2009
BRISTOL, VA
Specialties
Litigation, Bankruptcy, Lawsuits & Disputes, Business, Real Estate
Education
University of Richmond, T.C. Williams School of Law,Muhlenberg College
State Licensing
Tennessee

Randy Michael Kennedy
(423) 217-4914
625 ANDERSON ST
BRISTOL, TN
Specialties
General Practice, Family, Business, Real Estate, Estate Planning
Education
University of Memphis - Cecil C. Humphreys School of Law
State Licensing
Tennessee

Mark Mitchell Lawson
(276) 466-8400
P.O. Box 8400
Bristol, VA
Specialties
Employment, Commercial
Education
Washington and Lee University School of Law,University of Virginia
State Licensing
Virginia

Robert Lucas Hobbs
(276) 466-8400
P.O. Box 8400
Bristol, VA
Specialties
Appeals, Litigation, Employment, Estate Planning, Business
Education
University of Virginia School of Law,Virginia Polytechnic Institute and State University
State Licensing
Virginia

Angela D Figueiras
(276) 466-8400
110 Piedmont Avenue 3rd Floor, PO Box 8400
Bristol, VA
Specialties
Employment, Litigation, Commercial
State Licensing
DC

Angela Dawn Figueiras
(276) 466-8400
P.O. Box 8400
Bristol, VA
Specialties
Business, Commercial, Employment, Litigation, Immigration
Education
William & Mary Law School,Virginia Polytechnic Institute and State University
State Licensing
Virginia

Warren Challen Walling
(423) 793-4811
804 ANDERSON ST
BRISTOL, TN
Specialties
Business, Health Care, Intellectual Property, Employment, Corporate
Education
University of Virginia School of Law,University of Virginia
State Licensing
Tennessee

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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