Corporate Attorneys Inverness FL
Rebecca A. Briggs
111 W Main Street, Suite 205
Estate Planning, Probate, Chapter 7, Corporate, Real Estate
New England School of Law
Robert Scott Christensen
Po Box 415
Homosassa Springs, FL
Business, Estate Planning, Criminal Defense, Family, Real Estate
University of Florida, Fredric G. Levin College of Law
Paul Lawrence Kutcher
Po Box 4228
Foreclosure, Landlord & Tenant, Mediation, Litigation, Business, Estate Planning, Car Accident, Probate, Real Estate, Appeals
Michigan State University College of Law
Howard L. Citron
707 Se 3rd Ave Fl 6
Fort Lauderdale, FL
Personal Injury, Commercial
Nova Southeastern University - Shepard Broad Law Center
Michael A Shafir
100 SE 2ND ST STE 4000
Business, Antitrust, Employment, Insurance
Nova Southeastern University Shepard Broad Law Center,Syracuse University
Andreas F. Zybell
5455 S Suncoast Blvd # 21
Tax, Corporate, Tax Fraud
Law School - State of Michigan,Odette School of Business - University of Windsor
Suite A Plantation Pointe, 521 West Fort Island Trail, P.O. Box 2410
Crystal River, FL
Samuel Charles Cozzo
200 S Biscayne Blvd Ste 1000
Litigation, Commercial, Partnership
University of Miami School of Law
2701 W OAKLAND PARK BLVD STE 100
OAKLAND PARK, FL
Workers Compensation, Bankruptcy, Commercial
University of Miami School of Law
Carmela D. Jackson
2525 Ponce De Leon Blvd Ste 400
Real Estate, Litigation, Commercial
North Carolina Central University School of Law
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