Corporate Attorneys Lima OH

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 Lima, OH that can help answer your questions about Corporate Attorneys.

Matthew Carl Huffman
127 N. PIERCE STREET PO BOX 546
LIMA, OH
Specialties
Personal Injury, Business, Family
Education
University of Cincinnati College of Law,University of Notre Dame
State Licensing
Ohio

Mark Alexander Van Dyne
121 W HIGH ST
LIMA, OH
Specialties
Corporate, Insurance, Bankruptcy, Banking
Education
Ohio Northern University - Claude W. Pettit College of Law,Ohio University
State Licensing
Ohio

George Bernard Quatman III
327 N ELIZABETH ST
LIMA, OH
Specialties
Family, Personal Injury, Real Estate, Business, Probate
Education
Ohio Northern University
State Licensing
Ohio

Clay W. Balyeat
(419) 227-9595
1728 Allentown Road
Lima, OH
 
Donald J. Witter
(419) 228-6365
101 N. Elizabeth Street, Suite 607, P.O. Box 1217
Lima, OH
 
Stephen Leslie Becker
127 N. PIERCE STREET PO BOX 546
LIMA, OH
Specialties
Personal Injury, Corporate, Banking, Business, Estate Planning
Education
Ohio Northern University,University of Detroit
State Licensing
Ohio

Joseph Edward Quatman
327 N ELIZABETH ST
LIMA, OH
Specialties
Family, Personal Injury, Real Estate, Business, Probate
Education
Ohio Northern University
State Licensing
Ohio

Kristine Hanratty Reed
102 W WAPAKONETA ST
WAYNESFIELD, OH
Specialties
Agriculture, Litigation, Entertainment, Appeals, Business
Education
Miami University of Ohio,Ohio Northern University
State Licensing
Ohio

Matthew C. Huffman
(419) 227-3423
127-129 North Pierce Street, P.O. Box 546
Lima, OH
 
Bridget Christine Hoffman
(513) 357-9363
425 WALNUT ST STE 1800
CINCINNATI, OH
Specialties
Business, Financial Markets And Services, Mergers & Acquisitions, Securities Offerings
Education
University of Cincinnati College of Law,Xavier University
State Licensing
Ohio

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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Ohio Antitrust Laws

Antitrust Code Section: 1331:01, et seq.

Time Limit to Bring Claim: 4 yrs., 1331.12(B)

Is a Private Lawsuit Possible? Yes; attorney general power to enforce

Can a Successful Plaintiff Recover Attorneys' Fees? No

From www.findlaw.com