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

Robert K. Folks
(803) 286-4867
P.O. Box 1657
Lancaster, SC
Specialties
Real Estate, Business, Probate, Guardianship, Commercial
Education
University of South Carolina School of Law,University of South Carolina
State Licensing
South Carolina

Claudine Marie Lovitt
1004 BALTUSROL LN
MARVIN, NC
Specialties
Corporate, Investment Fraud
Education
Colgate Universtiy,Pace University,University of Vienna
State Licensing
Connecticut, New York, Ohio

Crow Law Firm
(704) 283-1175
315 N Main St # B
Monroe, NC

Data Provided By:
J. Chris Brown
(864) 269-0062
106 Commons Boulevard, Suite B
Piedmont, SC
Specialties
Business, Contracts, Estate Planning, Real Estate
Education
Mercer University - Walter F. George School of Law,Furman University
State Licensing
South Carolina

Jocelyn G Bolling
(843) 345-1207
1311 ROYAL LINKS DR
MT PLEASANT, SC
Specialties
Copyright Application, Trademark Application, Corporate, Wills, Real Estate
Education
University of Baltimore School of Law,University of Maryland
State Licensing
DC, Maryland, South Carolina

Govan Thompson Myers III
(803) 285-8050
P.O. Box 2078
Lancaster, SC
Specialties
Family, Personal Injury, Litigation, Business
Education
Wofford College,St. Thomas University School of Law
State Licensing
South Carolina

Koy E. Dawkins
(704) 283-8501
PO BOX 399 101 S MAIN ST
MONROE, NC
Specialties
Real Estate, Estate Planning, Business, Litigation, Education
Education
Wake Forest University School of Law,High Point College
State Licensing
North Carolina

H. Randolph Haldi
(843) 237-3400
P.O. Box 2547
Pawleys Island, SC
Specialties
Appeals, Business, Litigation, Constitutional, Construction
Education
University of Illinois College of Law,University of Illinois, Urbana-Champaign
State Licensing
South Carolina

Everette Hoke Babb
(864) 422-0022
505 W. Butler Rd.
Greenville, SC
Specialties
Mediation, Debt Agreements, Real Estate, Business, Estate Planning
Education
University of South Carolina School of Law,North Carolina State University
State Licensing
South Carolina

Michelle Jean Sproat
(818) 399-4315
16 W Faris Rd
Greenville, SC
Specialties
Business
Education
Univ Of Victoria,Concord Law School
State Licensing
California

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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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