Corporate Attorneys Hillsborough NC

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 Hillsborough, NC that can help answer your questions about Corporate Attorneys.

Dalton H. Loftin
(919) 732-9748
PO BOX 733
HILLSBOROUGH, NC
Specialties
Contracts, Estate Planning, Real Estate, Business, Probate
Education
University of North Carolina School of Law,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Kim K. Steffan
(919) 732-7300
400 MILLSTONE DR STE 200
HILLSBOROUGH, NC
Specialties
Business, Estate Planning, Family, Personal Injury, Workers Compensation
Education
Duke University,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Allen Thomas Wiggins
(919) 383-9431
PO Box 2917
Durham, NC
Specialties
Construction, Commercial, Litigation
State Licensing
North Carolina

Eric J. Sobocinski
(919) 493-8411
121 N. Columbia Street
Chapel Hill, NC
Specialties
Business, Estate Planning, Elder Law
State Licensing
North Carolina

Holly Harris Alderman
(919) 869-3070
100 Europa Drive, Suite 360
Chapel Hill, NC
Specialties
Real Estate, Commercial
Education
University of North Carolina
State Licensing
Georgia

Ronald Edwin Cooley
(919) 245-1300
2203 RHONDA RD
HILLSBOROUGH, NC
Specialties
Business, Family, Criminal Defense, Personal Injury, Litigation
Education
University of North Carolina School of Law,Rochester Institute of Technology,Rochester Institute of
State Licensing
North Carolina

John E. Bugg
(919) 383-9431
PO Box 2917
Durham, NC
Specialties
Commercial, Litigation, Appeals
State Licensing
North Carolina

William J. Wolf
(919) 383-9431
PO Box 2917
Durham, NC
Specialties
Litigation, Commercial, Appeals
State Licensing
North Carolina

Christopher Andrew Crowson
(919) 401-0062
111 CLOISTER CT STE 200
CHAPEL HILL, NC
Specialties
Commercial, Business
Education
Campbell University, Norman Adrian Wiggins School of Law,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Jeffrey C. Hart
(919) 328-8801
5915 FARRINGTON RD STE 201
CHAPEL HILL, NC
Specialties
Corporate, Mergers & Acquisitions, Financial Markets And Services, Venture Capital, Banking
Education
Duke University School of Law,Davidson College
State Licensing
North Carolina

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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