Corporate Attorneys Canton OH

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 Canton, OH that can help answer your questions about Corporate Attorneys.

David Lance Dingwell
220 MARKET AVE S FL 8
CANTON, OH
Specialties
Insurance, Business, Ethics, Probate, Estate Planning
Education
University of Akron,University of Kansas
State Licensing
Ohio

Amanda Paar
220 MARKET AVE S FL 8
CANTON, OH
Specialties
Business, Employment, Contracts, Wrongful Death, Family, Personal Injury
Education
Cleveland-Marshall College of Law - Cleveland State University,Kent State University
State Licensing
Ohio

Jill C. McQueen
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Employment, Civil Rights, Business
Education
Case Western Reserve University,Ohio State University, Columbus
State Licensing
Ohio

Joanne G. Paulino
(330) 458-2037
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Bankruptcy, Corporate, Business
Education
University of Akron, C. Blake McDowell Law Center,University of Akron,University of Akron
State Licensing
Ohio

John Curtis Werren
(330) 458-2176
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Family, Corporate, Workers Compensation, Commercial, Estate Planning
Education
Grove City College,Ohio State University, Columbus
State Licensing
Ohio

Tim Arden Powell
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Employment, Business, Estate Planning, Probate, Real Estate
Education
Capitol University,Northwestern University
State Licensing
Ohio

Robert James Newbold
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Franchising, Business
Education
Mount Union College,Mount Union College,Mount Union College,University of Akron
State Licensing
Ohio

John Russell Werren
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Estate Planning, Probate, Litigation, Family, Corporate
Education
Case Western Reserve University,Grove City College
State Licensing
Ohio

Robert Edward Roland
(330) 458-2166
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Business, Lawsuits & Disputes, Real Estate
Education
Exeter University,Ohio State University Moritz College of Law,Miami Univeristy
State Licensing
Ohio

John Michael Prelac
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Corporate, Litigation, Estate Planning, Wills, Trusts
Education
Mt. Union College,,University of Akron,University of Akron
State Licensing
Ohio

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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