Corporate Attorneys Jasper AL

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 Jasper, AL that can help answer your questions about Corporate Attorneys.

Edward R. Jackson
(205) 387-2171
1816 Third Avenue, Suite 200, P.O. Box 748
Jasper, AL
 
Henry P. Allred
(205) 221-3500
1824 3rd Avenue South, P.O. Box 1688
Jasper, AL
 
George A Lemaistre Jr.
(251) 439-7547
Po Box 46
Mobile, AL
Specialties
Construction, Commercial, Mergers & Acquisitions
State Licensing
DC

Kirk Debardeleben Smith
(205) 933-8893
1400 Park Place Tower, 2001 Park Place North
Birmingham, AL
Specialties
Litigation, Insurance, Commercial
Education
Vanderbilt University
State Licensing
Georgia

Stuart M. Dorf
(312) 498-2301
7530 Parker Road, Suite 200
Fairhope, AL
Specialties
Banking, Financial Markets And Services, Real Estate, Corporate, Business
Education
CHICAGO-KENT COLLEGE OF LAW`,Tulane University
State Licensing
Illinois, Michigan

James C. King
(205) 221-3500
1824 3rd Avenue South, P.O. Box 1688
Jasper, AL
 
Allen, Nelson
(205) 387-7578
1810 3RD Ave S Ste 113
Jasper, AL

Data Provided By:
William Christopher Waller Jr.
(334) 387-7680
2000 Interstate Park Drive, Suite 204
Montgomery, AL
Specialties
Litigation, Business
State Licensing
Alabama

Abbott McWhorter Martinson
(256) 533-1667
115 North Side Square
Huntsville, AL
Specialties
Business, Contracts, Corporate, Real Estate, Lawsuits & Disputes
Education
Samford University
Cumberland School of Law
University of Alabama
State Licensing
Alabama

Jim Pattillo
(205) 328-6643
Financial Center - Suite 1600, 505 20th Street North
Birmingham, AL
Specialties
Defective & Dangerous Products, Medical Malpractice, Insurance, Transportation, Commercial
State Licensing
Alabama

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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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