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

John Ellsworth
(864) 288-2432
6 Logue Court
Greenville, SC
Specialties
Corporate Governance

Data Provided By:
Robert H Cooper
(864) 271-9911
3523 Pelham Rd., Ste. B
Greenville, SC
Specialties
Bankruptcy, Personal Injury, Workers Compensation, Medical Malpractice, Business
Education
University of South Carolina School of Law
State Licensing
South Carolina

H. Stewart James
(864) 422-0022
505 W. Butler Rd.
Greenville, SC
Specialties
Estate Planning, Real Estate, Business, Debt Collection
Education
Samford University, Cumberland School of Law,Clemson University
State Licensing
South Carolina

R. H. Grubbs
(864) 255-5413
PO Box 10208
Greenville, SC
Specialties
Business, Environmental, Antitrust
State Licensing
North Carolina

W. Howard Boyd Jr.
(864) 271-5343
One Liberty Square, 55 Beattie Place, Suite 1200
Greenville, SC
Specialties
Business, Litigation, Class Action, Health Care, Construction
Education
University of South Carolina School of Law,Davidson College
State Licensing
South Carolina

Christopher Lawrence Miller
(631) 428-2755
618 Walden Creek Way
Greenville, SC
Specialties
Family, Estate Planning, Probate, Business
State Licensing
New York, South Carolina

Ross B. Plyler
(864) 282-9105
P.O. Box 5819
Greenville, SC
Specialties
Insurance, Litigation, Employment, Education, Commercial
Education
University of South Carolina School of Law,Wofford College
State Licensing
South Carolina

Everette Hoke Babb
(864) 422-0022
505 W. Butler Rd.
Greenville, SC
Specialties
Mediation, Debt Agreements, Real Estate, Business, Estate Planning
Education
University of South Carolina School of Law,North Carolina State University
State Licensing
South Carolina

Mary A. Giorgi
(864) 271-9580
One Liberty Square, 55 Beattie Place, Suite 1200
Greenville, SC
Specialties
Business, Health Care, Insurance
Education
University of South Carolina School of Law,North Carolina State University
State Licensing
South Carolina

David Sanford Wyatt
(864) 250-9780
935, South Main Street, Suite 203, 935 S. Main
Greenville, SC
Specialties
Business, Contracts, Real Estate, Entertainment, Litigation
Education
South Carolina School of Law
Clemson University
State Licensing
South Carolina

Data Provided By:

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