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

George Preston Callison Jr
(864) 223-8111
P.O. Box 3208
Greenwood, SD
Specialties
Personal Injury, Business, Litigation, Insurance, Government
Education
University of South Carolina School of Law,Clemson University,Florida State University
State Licensing
South Carolina

Watson Lee Dorn
(864) 223-8111
P.O. Box 3208
Greenwood, SC
Specialties
Real Estate, Corporate, Estate Planning
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

Charles R. B. Stowe
(864) 388-8477
720 Montague Ave, Suite 311
Greenwood, SC
Specialties
Business
Education
University of Houston
State Licensing
Texas

Hobbs, Nancy T - Mc Donald Patrick Baggett
(864) 229-2511
414 Main Street
Greenwood, SC

Data Provided By:
Jean-Marie Edouard Mille
(803) 254-8000
2231 Devine Street, #303
Columbia, SC
Specialties
Workers Compensation, Business, Divorce, Real Estate, Wills, Personal Injury
State Licensing
South Carolina

Bradley Wilson Knott
(864) 223-8111
P.O. Box 3208
Greenwood, SC
Specialties
Family, Corporate, Litigation, Probate
Education
University of South Carolina School of Law
State Licensing
South Carolina

G William Thomason
(864) 223-8111
P.O. Box 3208
Greenwood, SC
Specialties
Workers Compensation, Business, Litigation, Personal Injury, Real Estate
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

James P. Anderson Jr.
(864) 229-7241
Lawyers Building, 212 Oak Avenue, P.O. Box 457
Greenwood, SC
 
Frederick A Crawford
(803) 576-3711
1900 Barnwell Street
Columbia, SC
Specialties
Ethics, Business, Estate Planning, Health Care, Mergers & Acquisitions
Education
University of South Carolina School of Law,University of Virginia
State Licensing
South Carolina

Warren C Powell Jr.
(803) 252-7693
Po Box 61110
Columbia, SC
Specialties
Business, Litigation
Education
University of South Carolina School of Law,Citadel
State Licensing
DC

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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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