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

Ray A. Lord
(803) 407-4140
P.O. Box 2735
Irmo, SC
Specialties
Lawsuits & Disputes, Bankruptcy, Business, Criminal Defense, Family
Education
Mercer University - Walter F. George School of Law,University of South Carolina
State Licensing
South Carolina

Tucker S Player
(803) 772-8008
1415 Broad River Rd.
Columbia, SC
Specialties
Business, Litigation, Appeals, Real Estate, Estate Planning
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

J. Hagood Tighe
(803) 255-0000
P. O. Box 11612
Columbia, SC
Specialties
Employment, Business, Litigation
State Licensing
North Carolina

Gray T. Culbreath
(803) 255-0421
P.O. Box 12487
Columbia, SC
Specialties
Defective & Dangerous Products, Class Action, Litigation, Business, Ethics
Education
University of South Carolina School of Law,Wofford College
State Licensing
South Carolina

Timothy C Thompson
(803) 252-1500
P.O. Box 11262
Columbia, SC
Specialties
Estate Planning, Probate, Business, Real Estate, Tax
Education
University of Florida, Fredric G. Levin College of Law,University of South Carolina School of Law,Ci
State Licensing
South Carolina

Pamela A Simmons-Beasley
(803) 798-9890
810 Dutch Square Blvd, Suite 385
Columbia, SC
Specialties
Bankruptcy, Adoption, Corporate, Social Security, Probate
Education
University of South Carolina School of Law,Emory University
State Licensing
South Carolina

Rolf Mouin Baghdady
(803) 345-7653
118 Cobblestone Court
Chapin, SC
Specialties
Litigation, Arbitration, Real Estate, Business, Bankruptcy
Education
University of South Carolina
State Licensing
Florida, Georgia, South Carolina

L. H. McKellar
(803) 256-2660
P.O. Box 12487
Columbia, SC
Specialties
Litigation, White Collar Crime, Mediation, Business, Financial Markets And Services
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

Edward D Sullivan
(803) 255-0459
1330 Lady Street (29201), Post Office Box 12487
Columbia, SC
Specialties
Litigation, Business, Banking, Financial Markets And Services, Corporate
Education
University of South Carolina School of Law,University of South Carolina,University of South Carolina
State Licensing
DC, South Carolina

Richard J Breibart
(866) 645-8743
P.O. Box 310
Lexington, SC
Specialties
Criminal Defense, Litigation, Personal Injury, Business, Probate
Education
University of South Carolina School of Law,Cornell University
State Licensing
South 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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