Corporate Attorneys Grand Blanc MI

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 Grand Blanc, MI that can help answer your questions about Corporate Attorneys.

Peter L. Diesel
8332 OFFICE PARK DR
GRAND BLANC, MI
Specialties
Personal Injury, Litigation, Business, Civil Rights
Education
University of Toledo College of Law,Clarion State University
State Licensing
Michigan

Joan N. Pierson
8263 S SAGINAW ST STE 6
GRAND BLANC, MI
Specialties
Employment, Litigation, State, Local And Municipal Law, Corporate, Education
Education
Detroit College of Law,University of Detroit,University of Detroit
State Licensing
Michigan

F. Robert Schmelzer
8455 S SAGINAW ST
GRAND BLANC, MI
Specialties
Land Use & Zoning, Business, Fraud
Education
Michigan State University,University of Michigan
State Licensing
Michigan

Timothy R. Winship
8263 S SAGINAW ST STE 6
GRAND BLANC, MI
Specialties
Education, State, Local And Municipal Law, Employment, Litigation, Corporate
Education
University of Puget Sound School of Law,Michigan State University, James Madison College
State Licensing
Michigan

Peter T. Mooney
5206 GATEWAY CTR STE 200
FLINT, MI
Specialties
Bankruptcy, Business, Litigation, Real Estate, Tax
Education
University of Michigan Law School,Wayne State University Law School
State Licensing
Michigan

Bernard L. Mcara
8455 S SAGINAW ST
GRAND BLANC, MI
Specialties
Tax, Estate Planning, Corporate, Business
Education
Notre Dame Law School,Cornell University,New York University
State Licensing
Michigan

Kendall B. Williams
8263 S SAGINAW ST STE 6
GRAND BLANC, MI
Specialties
Employment, Litigation, Corporate, State, Local And Municipal Law, Education
Education
Michigan State University,University of Michigan
State Licensing
Michigan

Abner J. Tansil
8263 S SAGINAW ST STE 6
GRAND BLANC, MI
Specialties
Employment, Commercial, Litigation
Education
Wayne State University,University of Detroit
State Licensing
Michigan

James J. Wascha
(810) 695-6153
10683 S Saginaw St Ste D
Grand Blanc, MI
Specialties
Car Accident, Business, Contracts, Brain Injury, Motorcycle Accident
Education
University of Michigan, Ann Arbor
State Licensing
Michigan

Patric A. Parker
5206 GATEWAY CTR STE 200
FLINT, MI
Specialties
Business, Litigation, State, Local And Municipal Law, Real Estate
Education
University of Michigan Law School
State Licensing
Michigan

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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