Corporate Attorneys Clover SC

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 Clover, SC that can help answer your questions about Corporate Attorneys.

Philip J. Corson
(803) 831-2738
4609 CHARLOTTE HWY STE 1
LAKE WYLIE, SC
Specialties
Estate Planning, Probate, Business
Education
Ohio Northern University - Claude W. Pettit College of Law,Winthrop University
State Licensing
South Carolina

James H. Owen Jr.
(803) 222-4783
P.O. Box 173
Clover, SC
Specialties
Real Estate, Wills, Commercial, Residential, Business
Education
University of South Carolina School of Law,Clemson University
State Licensing
South Carolina

Lloyd T. Kelso
(704) 865-8684
128 East Garrison Boulevard, Suite A, P.O. Box 2065
Gastonia, NC
Specialties
Prenuptials, Personal Injury, Wills, Power Of Attorney, Alimony, Adoption, Child Custody, Child Support, Corporate, Divorce, Domestic Violence, Family, Uncontested Divorce, Probate
Education
University of South Carolina School of Law,Erskine College,Gordon-Conwell Theological Seminary,Gordo
State Licensing
North Carolina, South Carolina, Tennessee

Charlton K. Torrence III
(704) 864-3425
PO BOX 995
GASTONIA, NC
Specialties
Estate Planning, Trusts, Social Security, Business
Education
University of North Carolina School of Law,University of North Carolina
State Licensing
North Carolina

David A. Layton
(704) 865-4400
PO BOX 2636 516 S NEW HOPE RD
GASTONIA, NC
Specialties
Construction, Real Estate, Bankruptcy, Lawsuits & Disputes, Corporate
Education
University of North Carolina School of Law,University of North Carolina
State Licensing
North Carolina

Alford Haselden
(803) 222-4783
P.O. Box 173
Clover, SC
Specialties
Litigation, Personal Injury, Wrongful Death, Insurance, Business
Education
University of South Carolina School of Law,Clemson University
State Licensing
South Carolina

Timothy T. Leach
(704) 867-3688
P. O. Box 981
Gastonia, NC
Specialties
Commercial, Litigation, Insurance
State Licensing
North Carolina

Jackie D. Drum
(704) 864-3425
PO BOX 995
GASTONIA, NC
Specialties
Real Estate, Business, Litigation, Education
Education
University of North Carolina School of Law,University of North Carolina
State Licensing
North Carolina

Charles D. Gray III
(704) 865-4400
516 S NEW HOPE RD PO BOX 2636
GASTONIA, NC
Specialties
Corporate, State, Local And Municipal Law, Land Use & Zoning, Real Estate, Estate Planning
Education
New York University School of Law,University of North Carolina
State Licensing
North Carolina

Horace W. Palmer
(704) 864-3425
401 E FRANKLIN BLVD
GASTONIA, NC
Specialties
Estate Planning, Trusts, Business
Education
University of North Carolina School of Law,University of North Carolina School of Law,University of
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...

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