Corporate Attorneys Kernersville NC

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 Kernersville, NC that can help answer your questions about Corporate Attorneys.

John G. Wolfe III
(336) 996-3231
101 S MAIN ST
KERNERSVILLE, NC
Specialties
Business, Corporate, State, Local And Municipal Law, Litigation, Estate Planning
Education
Wake Forest University School of Law,Maryville College
State Licensing
North Carolina

Jason Tyler Grubbs
(336) 996-4166
109 E MOUNTAIN ST APT D
KERNERSVILLE, NC
Specialties
Litigation, Business, Construction, Estate Planning, Real Estate
Education
Wake Forest University School of Law,Virginia Polytechnic Institute and State University
State Licensing
North Carolina

Robert M. Elliot
(336) 724-2828
426 Old Salem Rd.
Winston Salem, NC
Specialties
Business, Civil Rights, Employment
State Licensing
North Carolina

Jeffrey Howland
(336) 721-3516
One West Fourth St.
Winston Salem, NC
Specialties
Venture Capital, Business, Life Science & Biotech
State Licensing
North Carolina

Eleanor Panetti
(336) 724-2600
102 W 3rd St Ste 650
Winston Salem, NC
Specialties
Business, Family, Estate Planning
State Licensing
North Carolina

John H. Bain
(336) 996-3231
101 S MAIN ST
KERNERSVILLE, NC
Specialties
Business, Corporate, State, Local And Municipal Law, Land Use & Zoning, Real Estate
Education
Wake Forest University School of Law,University of North Carolina, Greensboro,University of North Ca
State Licensing
North Carolina

Joseph M. Coltrane Jr.
(336) 996-4166
109 E MOUNTAIN ST APT D
KERNERSVILLE, NC
Specialties
Estate Planning, Real Estate, Commercial, Residential, Business
Education
University of North Carolina School of Law,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Linwood L. Davis
(336) 721-3621
One West Fourth Street, 13th Floor
Winston Salem, NC
Specialties
Business, Real Estate, Estate Planning
State Licensing
North Carolina

Eric P. Handler
(336) 723-7225
1068 West Fourth Street, Suite A
Winston Salem, NC
Specialties
Business, Intellectual Property, Commercial
State Licensing
North Carolina

Dudley A. Witt
(866) 567-5824
301 N MAIN ST STE 1100
WINSTON SALEM, NC
Specialties
Litigation, Business, Personal Injury
Education
Wake Forest University School of Law
State Licensing
North 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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