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

James E. Snyder Jr.
(336) 249-3399
PO BOX 482 16 W 1ST AVE
LEXINGTON, NC
Specialties
Personal Injury, Estate Planning, Corporate, Real Estate, Family
Education
Wake Forest University School of Law,Wake Forest University
State Licensing
North Carolina

Norman L. Sloan
(336) 748-0008
3540 Clemmons Road, Suite # 110
Clemmons, NC
Specialties
International Law, Business, Mergers & Acquisitions
State Licensing
North Carolina

Richard R. Reamer
PO BOX 1617
SALISBURY, NC
Specialties
Real Estate, Employment, Litigation, Construction, Land Use & Zoning, General Practice, Business, Estate Planning
Education
Duke University,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Michael Rex Waller
(704) 310-4073
Po Box 1330
Salisbury, NC
Specialties
Business
Education
University of Houston
State Licensing
Texas

Franklin Scott Templeton
(336) 774-3329
380 Knollwood Street, Suite 530
Winston-Salem, NC
Specialties
Business, Employment, Government
State Licensing
North Carolina

Jennifer Irby Oakes
(336) 714-4117
2165 Denise Lane
Winston Salem, NC
Specialties
Real Estate, Contracts, Commercial
State Licensing
North Carolina

John R. Haworth
(336) 883-6177
P.O. BOX 2756 1801 WESTCHESTER DR STE 200
HIGH POINT, NC
Specialties
Defective & Dangerous Products, Car Accident, Probate, Business, Personal Injury
Education
University of North Carolina School of Law,Guilford College
State Licensing
North Carolina

David K. Rosenblutt
(336) 883-6177
PO BOX 2756 1801 WESTCHESTER DR STE 200
HIGH POINT, NC
Specialties
Personal Injury, Litigation, Probate, Real Estate, Corporate
Education
Boston University School of Law,Williams College
State Licensing
North Carolina

Edward E. Raymer Jr.
(336) 722-2300
PO BOX 5129 380 KNOLLWOOD ST STE 700
WINSTON SALEM, NC
Specialties
Estate Planning, Business, Tax
Education
Wake Forest University School of Law,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Julian P. Robb
(336) 725-0583
110 OAKWOOD DR STE 300
WINSTON SALEM, NC
Specialties
Real Estate, Commercial, Residential
Education
Wake Forest University School of Law,University of North Carolina, Chapel Hill
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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