Corporate Attorneys Foley AL

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 Foley, AL that can help answer your questions about Corporate Attorneys.

Craig Drake Olmstead
(251) 943-4000
234 Office Park Dr
Gulf Shores, AL
Banking, Litigation, Contracts, Commercial, Maritime
Samford University, Cumberland School of Law,No Law School provided
State Licensing
Alabama, Florida

Stuart M. Dorf
(312) 498-2301
7530 Parker Road, Suite 200
Fairhope, AL
Banking, Financial Markets And Services, Real Estate, Corporate, Business
State Licensing
Illinois, Michigan

G. David Chapman III
(251) 968-2402
Cove Commercial Park, 144 Cove Avenue, P.O. Box 1508
Gulf Shores, AL
Catherine F. Golden
(251) 928-0100
384 Fairhope Avenue, Suite 4, P.O. Box 21
Fairhope, AL
Turpin, Meredith L - Davis & Fields Pc
(251) 621-1555
27180 Pollard Road
Daphne, AL

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Michael A Hart
(501) 374-2253
55 N. Section St.
Fairhope, AL
Chapter 13, Chapter 7, Family, Corporate, Litigation
University of Alabama School of Law,Rhodes College
State Licensing

Steven C. Pearson
(251) 970-5511
112 West Laurel Avenue
Foley, AL
Timothy D. Garner
(251) 968-5540
117 West 14th Avenue, P.O. Box 3304
Gulf Shores, AL
James V. Roberts Jr.
(251) 928-1499
140 South Section Street
Fairhope, AL
Troy Ted Tindal
(334) 264-1441
915 South Hull Street
Montgomery, AL
Appeals, Bankruptcy, Debt Collection, Business, Insurance, Fraud, Probate, Personal Injury, Real Estate, Construction, Litigation
University of Houston
State Licensing

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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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