Corporate Attorneys Huntington WV

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 Huntington, WV that can help answer your questions about Corporate Attorneys.

Mark Kenneth Mccown
(740) 532-8744
311 Park Avenue
Ironton, OH
Specialties
Criminal Defense, DUI, Business, Litigation, Divorce, Real Estate, Chapter 7, Personal Injury
Education
Georgetown University,Miami University of Ohio
State Licensing
Ohio

M. Edward Cunningham II
(304) 529-6181
611 Third Avenue, P.O. Box 2185
Huntington, WV
 
Daniel T. Yon
(304) 697-4700
401 Tenth Street, Suite 500, P.O. Box 1926
Huntington, WV
 
Janet Smith Holbrook
(606) 329-8771
1422 Winchester Avenue, P.O. Box 770
Ashland, KY
 
Catherine C. Hughes
(606) 329-1919
1505 Carter Avenue, Suite 200, P.O. Box 2008
Ashland, KY
 
Steven R. Bartram
(304) 523-5400
Suite 700, River Tower, 1108 Third Avenue, P.O. Box 2488
Huntington, WV
 
Wesley F. Agee
(304) 523-2100
401 Eleventh Street, 1100 Coal Exchange Building, P.O. Box 2688
Huntington, WV
 
Michael S. Bailey
(304) 736-0801
642 Main Street, Suite 201
Barboursville, WV
 
Anna Holmes Ruth
(606) 325-7179
1620 Carter Avenue, P.O. Box 185
Ashland, KY
 
Rhonda M. Copley
(606) 324-9607
1527 Carter Avenue, P.O. Box 477
Ashland, KY
 

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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West Virginia Antitrust Laws

Antitrust Code Section: West Virginia Antitrust Act: 47-18-1, et seq.

Time Limit to Bring Claim: 4 yrs., unless one civil action is brought, then any other is suspended during the first's pendency and one year after

Is a Private Lawsuit Possible? Yes; attorney general power to enforce

Can a Successful Plaintiff Recover Attorneys' Fees? Yes; filing fees, and reasonable expenses of discovery and document reproduction

From www.findlaw.com