Corporate Attorneys Clayton NC

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 Clayton, NC that can help answer your questions about Corporate Attorneys.

Bonnor E. Hudson III
(919) 550-0522
11183-A US 70 Business West
Clayton, NC
Specialties
Litigation, Criminal Defense, Wills, Business, Contracts, Speeding Ticket, Personal Injury, Construction
Education
Campbell University, Norman Adrian Wiggins School of Law,University of North Carolina, Chapel Hill
State Licensing
North Carolina

George B. Mast
(919) 934-6187
ONE COURTHOUSE SQUARE PO BOX 119
SMITHFIELD, NC
Specialties
Litigation, Business, Medical Malpractice, Personal Injury, Real Estate
Education
Wake Forest University School of Law,Wake Forest University
State Licensing
North Carolina

Jason William Wenzel
(919) 934-6021
P. O. Box 1567
Smithfield, NC
Specialties
Elder Law, Estate Planning, Business
State Licensing
North Carolina

Joseph T. Howell
(919) 365-6000
200 N PINE ST
WENDELL, NC
Specialties
Real Estate, Personal Injury, Medical Malpractice, Business, Litigation
Education
North Carolina Central University School of Law,North Carolina State University
State Licensing
North Carolina

C. Terrell Thomas Jr.
(919) 365-6000
PO BOX 729
WENDELL, NC
Specialties
Litigation, Business, Family, Workers Compensation, Estate Planning
Education
Wake Forest University School of Law,Appalachian State University
State Licensing
North Carolina

Don R. Wells
(919) 661-2005
ONE COURTHOUSE SQUARE PO BOX 119
SMITHFIELD, NC
Specialties
Litigation, Personal Injury, Family, Wrongful Death, Business
Education
Campbell University, Norman Adrian Wiggins School of Law,North Carolina State University,North Carol
State Licensing
North Carolina

Jason Harold Coats
(919) 934-0553
P.O. Box 1046, 141 E. Market Street
Smithfield, NC
Specialties
Business, Trusts, Litigation
State Licensing
North Carolina

Marie Hare Mobley
(919) 300-5050
105 E JOHNSTON ST
SMITHFIELD, NC
Specialties
Adoption, Divorce, DUI, Wills, Business
Education
Campbell University, Norman Adrian Wiggins School of Law,Campbell University
State Licensing
North Carolina

Kelly Elizabeth Thompson
(919) 821-1860
5308 Seaspray Lane
Raleigh, NC
Specialties
Family, Business, Elder Law
State Licensing
North Carolina

F. Stephen Glass
(919) 743-2200
P.O. Box 1776
Raleigh, NC
Specialties
Business, Estate Planning, Litigation
State Licensing
North 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...

Click here to read the rest of this article from GlobalBx