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

John Hammond Muench
(843) 662-3258
248 West Evans Street, P.O. Box 1909
Florence, SC
Specialties
Business, Tax
Education
Louis D. Brandeis School of Law at the University of Louisville,University of Miami School of Law,Va
State Licensing
South Carolina

Michael Mills Nunn
(843) 669-8787
(ODD Range 101 - 199) E EVANS ST
FLORENCE, SC
Specialties
Business, Litigation, Employment, Medical Malpractice, Defective & Dangerous Products
Education
University of South Carolina School of Law,University of South Carolina, Columbia
State Licensing
South Carolina

Carrie Appleton Fox
(843) 669-8787
(ODD Range 101 - 199) E EVANS ST
FLORENCE, SC
Specialties
Litigation, Insurance, Slip and Fall Accident, Business, Employment
Education
University of South Carolina School of Law,Francis Marion University
State Licensing
South Carolina

John R. Chase
(843) 669-6002
1831 West Evans Street, P.O. Box 6617
Florence, SC
 
R. Wayne Byrd
(843) 662-9008
Fourth Floor, 1831 West Evans Street, P.O. Box 5478
Florence, SC
 
Bradford Andrews
(843) 669-8787
(ODD Range 101 - 199) E EVANS ST
FLORENCE, SC
Specialties
Litigation, Insurance, Slip and Fall Accident, Defective & Dangerous Products, Business
Education
University of South Carolina School of Law,Citadel
State Licensing
South Carolina

James Rufus Bratton III
(843) 669-8787
(ODD Range 101 - 199) E EVANS ST
FLORENCE, SC
Specialties
Litigation, Insurance, Slip and Fall Accident, Personal Injury, Business
Education
Charleston School of Law,Clemson University
State Licensing
South Carolina

Benjamin T. Zeigler
(843) 669-6002
1831 West Evans Street, P.O. Box 6617
Florence, SC
 
Timothy C. Thompson
(843) 669-6002
1831 West Evans Street, P.O. Box 6617
Florence, SC
 
Julie Jeffords Moose
(843) 662-9008
Fourth Floor, 1831 West Evans Street, P.O. Box 5478
Florence, SC
 

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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South Carolina Antitrust Laws

Antitrust Code Section: South Carolina Unfair Trade Practices Act: 39-5-10, et seq.

Time Limit to Bring Claim: 3 yrs.

Is a Private Lawsuit Possible? Yes; attorney general power to enforce; however, 3 days before instituting legal proceedings, must give person chance to present reason why action should not be instituted

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com