Corporate Attorneys Cleveland TN

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 Cleveland, TN that can help answer your questions about Corporate Attorneys.

William Jackson Brown
(423) 709-8078
23 N OCOEE ST PO BOX 1001
CLEVELAND, TN
Specialties
Business, Personal Injury, Criminal Defense, Estate Planning, Workers Compensation
Education
University of Tennessee College of Law,Tennessee Technological University
State Licensing
Tennessee

Benjamin Paul Harper
(423) 757-5919
2030 Hamilton Place Blvd., Suite 150
Chattanooga, TN
Specialties
Real Estate, Commercial, Litigation
Education
University of Georgia, Athens
State Licensing
Georgia, Tennessee

Martin L. Pierce
(423) 648-4303
4513 Hixson Pike Suite 109
Hixson, TN
Specialties
Estate Planning, Elder Law, Wills, Trusts, Tax, Real Estate, Probate, Business, Contracts, Corporate, Employee Benefits, Guardianship, LLC
Education
Tennessee Technological University,Memphis State University/University of Memphis
State Licensing
Georgia, Tennessee

Robert L. McMurray
(423) 479-7171
AmSouth Bank Building, Suite 201, 20 Ocoee Street, N.E., P.O. Box 610
Cleveland, TN
 
Thomas E. Ray
(423) 892-2006
Shallowford Law Center, 130 Jordan Drive
Chattanooga, TN
 
Bob Edward Lype
(423) 499-0705
6181 VANCE RD
CHATTANOOGA, TN
Specialties
Employment, Employee Benefits, Business, Appeals
Education
University of Tennessee College of Law ,East Tennessee State University
State Licensing
Tennessee

Scott Raymond Maucere
(423) 400-1449
2125 Hickory Valley Road
Chattanooag, TN
Specialties
Business, International Law, Litigation
Education
Vanderbilt University
State Licensing
Georgia, Tennessee

D. Mitchell Bryant
(423) 478-1111
190 North Ocoee Street, Suite B, P.O. Box 1021
Cleveland, TN
 
Marcia M. McMurray
(423) 479-7171
AmSouth Bank Building, Suite 201, 20 Ocoee Street, N.E., P.O. Box 610
Cleveland, TN
 
Miller Rod
(423) 473-7400
481 2ND St NW
Cleveland, TN

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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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Tennessee Antitrust Laws

Antitrust Code Section: 47-25-101, et seq.

Time Limit to Bring Claim: Not specified

Is a Private Lawsuit Possible? Yes; attorney general and reporter power to institute criminal proceedings

Can a Successful Plaintiff Recover Attorneys' Fees? No

From www.findlaw.com