Corporate Attorneys Galveston TX

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 Galveston, TX that can help answer your questions about Corporate Attorneys.

Kathleen Ann Collins
(409) 763-8616
The Fassler Building, 1004 Broadway Street
Galveston, TX
Specialties
Business, Juvenile, Elder Law, Family, Immigration
Education
University of Houston
State Licensing
Texas

David Mainard Buergler
(409) 766-7966
2228 Mechanic, #220
Galveston, TX
Specialties
Tax, Business, Probate
Education
South Texas College Of Law
State Licensing
Texas

Dennis Sheehan
Sheehan Law Firm, PLLC, 2211 The Strand, Suite 202
Galveston, TX
Specialties
Litigation, Mediation, International Law, Business, Arbitration
Education
Texas Tech University,University of Houston
State Licensing
Texas

Keith William Mcfatridge Jr.
(409) 766-7966
2228 Ships Mechanic Row Suite 220
Galveston, TX
Specialties
Business
Education
South Texas College of Law
State Licensing
Texas

Stephen G. Schulz
(409) 797-3229
1 MOODY PLZ FL 18
GALVESTON, TX
Specialties
Banking, Real Estate, Corporate, Commercial
Education
University of Texas School of Law,Rice University
State Licensing
Texas

Samantha Dyal
(409) 797-3254
One Moody Plaza 18th Fl.
Galveston, TX
Specialties
Real Estate, Commercial, Litigation
Education
Texas Tech University
State Licensing
Texas

Sean Anthony Monticello
(409) 797-3247
1 MOODY PLZ FL 18
GALVESTON, TX
Specialties
Corporate, Securities Offerings, Insurance
Education
University of Texas School of Law,McNeese State University,McNeese State University
State Licensing
Texas

Anthony P. Brown
(409) 795-2022
802 25TH ST
GALVESTON, TX
Specialties
Business, Litigation, Tax, Government, Real Estate
Education
Texas Tech University School of Law,University of Illinois, Urbana-Champaign
State Licensing
Texas

James R. Watkins
2102 MECHANIC ST STE 205
GALVESTON, TX
Specialties
Maritime, Business, Commercial, Insurance, Defective & Dangerous Products
Education
University of Houston Law Center,University of Houston
State Licensing
Texas

Edward J. Patterson Jr.
2102 MECHANIC ST STE 205
GALVESTON, TX
Specialties
Maritime, Insurance, Personal Injury, Commercial, Contracts
Education
University of Texas System, Austin,University of Texas System, Austin,Del Mar College
State Licensing
Texas

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...

Click here to read the rest of this article from GlobalBx