Corporate Attorneys Lewiston ME

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 Lewiston, ME that can help answer your questions about Corporate Attorneys.

John Victor Bonneau
75 PARK STREET PO BOX 891
LEWISTON, ME
Specialties
Corporate, Commercial, Estate Planning, Probate
Education
Villanova University School of Law,Bowdoin College
State Licensing
Maine, Pennsylvania

Regan M. Hornney
(207) 786-3566
184 Main Street
Lewiston, ME
Specialties
Bankruptcy, Commercial, Real Estate, Litigation, Corporate
Education
University of Maine School of Law,Boston University
State Licensing
Maine

Lloyd M Martin
(207) 786-3173
PO Box 7206
Lewiston, ME
Specialties
Litigation, Business, Bankruptcy, Social Security, Wills
Education
University of Maine School of Law,Dartmouth College
State Licensing
Maine

Philip M Isaacson
(207) 795-5000
PO Box 891
Lewiston, ME
Specialties
Business, Corporate, Real Estate, Probate
Education
Harvard University Law School,Bates College
State Licensing
Maine

John W. Geismar
P.O. Box 7230
Lewiston, ME
Specialties
Health Care, Tax, Corporate, Commercial
Education
New England School of Law,Colby College
State Licensing
Maine

Shane Trent Wright
(207) 795-5000
75 Park Street PO Box 891
Lewiston, ME
Specialties
Real Estate, Litigation, Business, Probate, Trusts
Education
University of Maine School of Law,Colby College
State Licensing
Maine

Shawn K Bell
(207) 376-3330
810 Lisbon Street
Lewiston, ME
Specialties
Real Estate, Business, Estate Planning, Corporate, Elder Law
Education
University of Maine School of Law,Bowdoin College
State Licensing
Maine

David T Slatery
(207) 786-3566
184 Main Street
Lewiston, ME
Specialties
Real Estate, Business
Education
University of Chicago Law School,Allegheny College
State Licensing
Maine, Massachusetts

Lynn B. Gelinas
(207) 786-3566
184 MAIN STREET PO BOX 3070
LEWISTON, ME
Specialties
Corporate, Commercial
Education
University of Maine School of Law,University of Southern Maine
State Licensing
Maine, Massachusetts

Benjamin W. Lund
(207) 786-3566
PO Box 3070
Lewiston, ME
Specialties
Commercial, Real Estate, Corporate, Tax, Immigration
Education
Harvard University Law School,Bowdoin College,Oxford University
State Licensing
Maine

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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