Corporate Attorneys Kingsport TN

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 Kingsport, TN that can help answer your questions about Corporate Attorneys.

Harry Parks Rowlett
(423) 246-7888
108 E MAIN ST STE 210
KINGSPORT, TN
Specialties
Personal Injury, Business
Education
University of Tennessee College of Law
State Licensing
Tennessee

Richard Edwin Hopson
(502) 562-7360
410 Shelby St
Kingsport, TN
Specialties
Employment, Business, Arbitration
Education
UNIV SC
State Licensing
Tennessee

Michael S. Lattier
(423) 378-8838
Po Box 3740
Kingsport, TN
Specialties
Litigation, Corporate, Employment, Probate
Education
Louisiana State University, Paul M. Hebert Law Center
State Licensing
Florida, Montana, Tennessee

Joseph Bernard Harvey
(423) 378-8854
1212 N. Eastman Road
Kingsport, TN
Specialties
Arbitration, Contracts, Employment, Commercial, Sexual Harassment
Education
University of Tennessee,University of Tennessee
State Licensing
Georgia

Mark Stephen Dessauer
(423) 378-8840
1212 NORTH EASTMAN RD PO BOX 3740
KINGSPORT, TN
Specialties
Bankruptcy, Banking, Financial Markets And Services, Corporate, Litigation
Education
University of Tennessee College of Law ,University of Tennessee, Knoxville (main
State Licensing
Tennessee

Shelburne Ferguson Jr
(423) 246-3132
(EVEN Range 200 - 298) WEXLER ST
KINGSPORT, TN
Specialties
Business, Divorce, Estate Planning, Wills
Education
University of Tennessee College of Law,Milligan College
State Licensing
Tennessee

Larry Van Roberts
(423) 246-7888
108 E Main St Ste 210
Kingsport, TN
Specialties
Personal Injury, Business
Education
Stetson University College of Law
State Licensing
Florida, Tennessee

Nathaniel Martin Bays III
(423) 378-8864
1212 N EASTMAN RD PO BOX 3740
KINGSPORT, TN
Specialties
Corporate, Banking, Health Care
Education
Wake Forest University School of Law ,East Tennessee State University
State Licensing
Tennessee

Lilian Rose Abboud
(423) 283-6305
1212 N EASTMAN RD
KINGSPORT, TN
Specialties
Estate Planning, Business, Corporate
Education
Notre Dame Law School ,Vermont Law School,Gustavus Adolphus College ,University o
State Licensing
Tennessee

Scott Thomas Powers
(423) 378-8816
1212 N EASTMAN RD PO BOX 3740
KINGSPORT, TN
Specialties
Corporate, Mergers & Acquisitions, Health Care, Banking
Education
University of Tennessee College of Law ,United States Naval Academy
State Licensing
Tennessee

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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Tennessee Antitrust Laws

Antitrust Code Section: 47-25-101, et seq.

Time Limit to Bring Claim: Not specified

Is a Private Lawsuit Possible? Yes; attorney general and reporter power to institute criminal proceedings

Can a Successful Plaintiff Recover Attorneys' Fees? No

From www.findlaw.com