Corporate Attorneys Hot Springs National Park AR

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 Hot Springs National Park, AR that can help answer your questions about Corporate Attorneys.

Ben Bancroft
(501) 525-6000
2836 Malvern Ave, Suite G
Hot Springs, AR
Specialties
Debt Collection, Business, Oil & Gas, Fraud, Probate, Personal Injury, Real Estate, Litigation
Education
St. Mary's University
State Licensing
Texas

Lance Bailey Garner
(501) 624-4244
209 HOBSON AVENUE
HOT SPRINGS, AR
Specialties
Real Estate, Litigation, Business
State Licensing
Arkansas

Carolyn L. Armogida
(501) 922-0234
24 Purista Lane
Hot Springs Village, AR
Specialties
Business, Oil & Gas, Elder Law
Education
University of Houston
State Licensing
Arkansas, Texas

Carl A. Crow Jr.
(501) 321-1481
1427 Central Avenue
Hot Springs National, AR
 
Michael E. Sanders
(501) 760-7104
1501 Airport Road
Hot Springs, AR
 
Ronald D. Kelsay
(501) 623-2344
227 WOODBINE ST
HOT SPRINGS, AR
Specialties
Business, Litigation, Estate Planning, Family, Personal Injury
Education
University of Arkansas at Little Rock, William H. Bowen School of Law,Ball State University,Ball Sta
State Licensing
Arkansas

James Merek Rowe
(501) 525-3130
1st National Bank Building
Hot Springs, AR
Specialties
Wills, Trusts & Estates, Business Law
Secondary Specialties
Revocable Trust & Irrevocable Trust, Estate Taxes & Gift Taxes, Business Succession Planning, Living Wills, Power of Attorney, Professional Corporations, Partnerships, Estate Administration, Corporations, Guardianship, Tax Planning, Drafting Trusts, Limited Liability Companies (LLCs), Business Successions, Charitable Giving, Nonprofits & Tax-Exempt Corporations, Charitable Trusts, Supplemental Needs Trust, Living Trusts, Closely Held Businesses, Savings & Thrifts, Probate, Drafting Wills
State Licensing
Arkansas

Data Provided By:
John W. Parkerson
(501) 321-9611
520 Ouachita Avenue
Hot Springs National, AR
 
G. Latta Bachelor III
(501) 321-2222
211 Hobson Avenue, P.O. Box 1620
Hot Springs National, AR
 
Bryan J. Reis
(501) 525-3130
135 Section Line Road, Box #5
Hot Springs National, AR
 
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...

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