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

Lee Patrice Dunham
(434) 321-4541
801 W MAIN ST STE 203
CHARLOTTESVILLE, VA
Specialties
Bankruptcy, Chapter 7, Commercial, Chapter 13
Education
University of Virginia School of Law
Washington and Lee University
State Licensing
Virginia

Lee Patrice Dunham
(434) 321-4541
801 W MAIN ST STE 203
CHARLOTTESVILLE, VA
Specialties
Bankruptcy, Chapter 7, Commercial, Chapter 13
Education
University of Virginia School of Law,Washington and Lee University
State Licensing
Virginia

Kerri Borchardt Taylor
(434) 817-2180
Suite 100, 1412 Sachem Place
Charlottesville, VA
Specialties
Commercial, Appeals, Litigation
State Licensing
Virginia

Michael Eugene Derdeyn
(434) 979-1400
530 East Main Street
Charlottesville, VA
Specialties
Real Estate, Litigation, Commercial
State Licensing
Virginia

James Evan Skeen
(434) 293-9664
T/A Skeen Law Offices, 258 East High Street
Charlottesville, VA
Specialties
Business, Estate Planning, Real Estate
State Licensing
Virginia

Joseph R Brame III
(434) 977-2533
310 Fourth Street Ne, Suite 300
Charlottesville, VA
Specialties
Employment, Business, Litigation
State Licensing
DC

Duane Herman Zobrist
(434) 977-9666
3 Boar's Head Lane
Charlottesville, VA
Specialties
Business
Education
University of Southern California Law School
State Licensing
Virginia

Miller Law Group PC
(434) 974-9776
1160 Pepsi Place
Charlottesville, VA
Specialties
Bankruptcy, Banking, Business, Real Estate, Estate Planning
Education
Drake University Law School,Western Illinois University
State Licensing
Virginia

Thomas E. Albro
(434) 977-4455
P.O. Box 1585
Charlottesville, VA
Specialties
Military Law, Family, Business
State Licensing
Virginia

David Homer Pettit
(434) 979-1400
530 East Main Street, P.O. Box 2057
Charlottesville, VA
Specialties
Business, Litigation, Commercial
State Licensing
Virginia

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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Virginia Antitrust Laws

Antitrust Code Section: Virginia Antitrust Act: 59.1-9.1, et seq.

Time Limit to Bring Claim: 4 yrs. or 1 yr. after conclusion of action

Is a Private Lawsuit Possible? Yes; attorney general power to enforce

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com