Corporate Attorneys Covington KY

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 Covington, KY that can help answer your questions about Corporate Attorneys.

Joseph Hubert Feldhaus
(513) 621-2100
120 E 4th St #1200
Cincinnati, OH
Specialties
Business, Real Estate, Public Finance, Financial Markets And Services, Tax
Education
Southwestern Univ SOL,Univ of Cincinnati
State Licensing
California, Ohio

James Jonas Chalfie
312 WALNUT ST
CINCINNATI, OH
Specialties
Estate Planning, Tax, Business, Trusts, Litigation
Education
Brandeis University,University of Cincinnati
State Licensing
Ohio

Thomas Edward Grossmann
(513) 357-9384
425 WALNUT ST STE 1800
CINCINNATI, OH
Specialties
Commercial, Corporate, International Law
Education
University of Cincinnati College of Law,Miami University of Ohio
State Licensing
Ohio

Michael Scott McIntyre
312 WALNUT ST STE 3200
CINCINNATI, OH
Specialties
Litigation, Family, Corporate, Class Action, Employment
Education
Thomas More College,University of Kentucky
State Licensing
Ohio

John Garland Witherspoon Jr.
(937) 222-2424
105 E 4TH ST STE 1400
CINCINNATI, OH
Specialties
Insurance, Business, Construction, Identity Theft
Education
University of Virginia School of Law,University of Utah,University of Utah
State Licensing
Ohio

Thomas Thomsen Terp
(513) 357-9354
425 WALNUT ST STE 1800
CINCINNATI, OH
Specialties
Commercial, Environmental
Education
College of William and Mary, Marshall-Wythe School of Law,Albion College
State Licensing
Ohio

James Phillip Wersching
(513) 721-4450
312 WALNUT ST
CINCINNATI, OH
Specialties
Business, Tax, Corporate, Partnership
Education
University of Cincinnati College of Law,University of Cincinnati,Unknown School
State Licensing
Ohio

Sara Straight Wolf
(513) 852-8230
537 E PETE ROSE WAY STE 400
CINCINNATI, OH
Specialties
Business, Intellectual Property
Education
Miami University of Ohio,University of Cincinnati
State Licensing
Ohio

Karen Elizabeth Jones
600 VINE ST STE 2800
CINCINNATI, OH
Specialties
Litigation, Business, Construction
Education
University of Cincinnati College of Law,University of Kentucky
State Licensing
Ohio

Michael David Barolsky
(513) 352-6672
312 Walnut Street, 14th Floor
Cincinnati, OH
Specialties
Business
Education
Boston University,Boston University,George Washington University
State Licensing
Ohio

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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