Corporate Attorneys Cortland NY

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 Cortland, NY that can help answer your questions about Corporate Attorneys.

Ronald Thomas Walsh
1 N MAIN ST CORT SAV BANK BLDG
CORTLAND, NY
Specialties
State, Local And Municipal Law, Land Use & Zoning, Estate Planning, Employment, Business
Education
Syracuse University College of Law,Cornell University,Syracuse University Maxwell School of Citizens
State Licensing
New York

Evan Lewis Webster
170 MAIN ST
GROTON, NY
Specialties
Litigation, Real Estate, Business, Estate Planning, Family
Education
Albany Law School of the State University of New York
State Licensing
New York

Raymond Martin Schlather
(607) 273-2202
200 E BUFFALO ST
ITHACA, NY
Specialties
Litigation, Criminal Defense, Commercial, Civil Rights, Estate Planning
Education
Cornell Law School,St. Vincent College
State Licensing
New York

Jonathan O. Albanese
306 E STATE ST BLDG
ITHACA, NY
Specialties
Estate Planning, Real Estate, Business
Education
Syracuse University
State Licensing
New York

Sally Thompson True
950 DANBY RD
ITHACA, NY
Specialties
Health Care, Corporate, Estate Planning, Probate
Education
Cornell Law School,Smith College
State Licensing
New York

Liam Gorman Brenndon Murphy
170 MAIN ST
GROTON, NY
Specialties
Corporate, Debt Collection, Litigation, Criminal Defense, Estate Planning, Real Estate, Family
Education
Brown University,New York University,London School of Economics
State Licensing
Delaware, New York, Pennsylvania

Mary Jane Schubert
950 DANBY RD
ITHACA, NY
Specialties
Health Care, Corporate, Estate Planning, Probate, Real Estate
Education
Syracuse University College of Law,DePauw University
State Licensing
New York

Susan Beth Mcneil
410 E UPLAND RD BLDG
ITHACA, NY
Specialties
General Practice, Business, Debt Collection, Bankruptcy, Family
Education
Syracuse University College of Law,Miami University of Ohio,Miami University of Ohio,Long Island Uni
State Licensing
New York

Nancy Jane Murphy
109 E SENECA ST
ITHACA, NY
Specialties
Corporate, Real Estate, Public Finance, Estate Planning, Administrative Law
Education
New York University School of Law,Brown University,London School of Economics, London
State Licensing
New York

William R. Shaw
(607) 273-2900
109 E SENECA ST
ITHACA, NY
Specialties
Business, Commercial, Residential, Criminal Defense, Discrimination
Education
Cornell Law School,Cornell University,Cornell University,Cornell University
State Licensing
New York

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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