Corporate Attorneys Glastonbury CT

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 Glastonbury, CT that can help answer your questions about Corporate Attorneys.

Austin B Perkins
(860) 659-0700
2252 MAIN ST
GLASTONBURY, CT
Specialties
Business, Commercial, Residential
Education
University of Connecticut School of Law,Trinity College
State Licensing
Connecticut

David R Clemens
(860) 657-8750
41B NEW LONDON TPKE
GLASTONBURY, CT
Specialties
Real Estate, Personal Injury, Business, Estate Planning, Bankruptcy
Education
Temple University School of Law,University of Connecticut
State Licensing
Connecticut

Steven M Basche
(860) 659-5582
2389 Main Street
Glastonbury, CT
Specialties
Foreclosure, Estate Planning, Litigation, Business
Education
University of Connecticut School of Law
State Licensing
Connecticut

Neyah Kane Bennett
(860) 633-0580
90 National Drive
Glastonbury, CT
Specialties
Business, Lawsuits & Disputes, Contracts, Employment, Personal Injury
Education
Suffolk University Law School,University of Connecticut
State Licensing
Connecticut, Massachusetts

Sharon S Koziol
(860) 266-4925
90 National Drive
Glastonbury, CT
Specialties
Business, Personal Injury, Litigation
State Licensing
Connecticut

Gregory F Arcaro
(860) 659-0700
2252 MAIN ST
GLASTONBURY, CT
Specialties
Bankruptcy, Real Estate, Commercial
Education
Western New England College School of Law,Mount Saint Mary College
State Licensing
Connecticut

Eric Joseph Foy
(203) 575-1131
200 Glastonbury Blvd, Suite 301
Glastonbury, CT
Specialties
Business, Personal Injury, Family
State Licensing
Connecticut

Simon J Lebo
(860) 659-0700
2252 MAIN ST
GLASTONBURY, CT
Specialties
Business, Estate Planning, Real Estate, Trusts, Elder Law
Education
Pennsylvania State University, Dickinson School of Law,Dickinson College
State Licensing
Connecticut

David S Rintoul
(860) 659-0700
2252 MAIN ST
GLASTONBURY, CT
Specialties
Business, Litigation
Education
University of Connecticut School of Law,Johns Hopkins University
State Licensing
Connecticut

Joseph P Jaconetta
(860) 657-8805
2670 MAIN ST
GLASTONBURY, CT
Specialties
Business, Estate Planning, Tax
Education
American University, Washington College of Law,Georgetown University,University of Rhode Island
State Licensing
Connecticut

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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