Corporate Attorneys Lock Haven PA

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 Lock Haven, PA that can help answer your questions about Corporate Attorneys.

Leonard Craig Harris
(570) 398-1071
128 S MAIN ST
JERSEY SHORE, PA
Specialties
Estate Planning, Business, Real Estate, Probate
State Licensing
Pennsylvania

Joseph P. Green
115 E HIGH ST
BELLEFONTE, PA
Specialties
Personal Injury, Real Estate, Commercial, Construction, Workers Compensation
Education
Pennsylvania State University, Dickinson School of Law,Pennsylvania State University, University Par
State Licensing
Pennsylvania

Jeffrey W. Stover
(814) 231-1850
Stover Mclaughin Et Al, 122 E High St Po Box 209
Bellefonte, PA
Specialties
Business, Real Estate
State Licensing
Pennsylvania

John U. Baker
(814) 355-4769
115 East High Street, P.O. Box 179
Bellefonte, PA
 
Mark R. Boyes
(215) 286-8503
One Comcast Center, 31st Floor
Philadelphia, PA
Specialties
Business, Entertainment
Education
Washington & Lee University
State Licensing
Texas

Robert L. Martin
(814) 355-4809
2495 Valley View Rd
Bellefonte, PA
Specialties
Employment, Health Care, Business
Education
Muskingum College,Ohio Northern University
State Licensing
Pennsylvania

Dennis Oliver Reiter
115 E HIGH ST
BELLEFONTE, PA
Specialties
Real Estate, Business, Banking, Estate Planning, State, Local And Municipal Law
Education
University of Pittsburgh School of Law,University of Houston, main campus
State Licensing
Pennsylvania

Robert Allan Mix
115 E HIGH ST
BELLEFONTE, PA
Specialties
Insurance, Real Estate, Contracts, Commercial, Litigation
Education
Pennsylvania State University, Dickinson School of Law,Dickinson College
State Licensing
Pennsylvania

Jonathan D. Grine
(814) 355-4769
115 East High Street, P.O. Box 179
Bellefonte, PA
 
James Richard Lloyd III
ONE COMMERCE SQUARE 2005 MARKET ST STE 3520
PHILADELPHIA, PA
Specialties
Transportation, Commercial
Education
Villanova University School of Law,Saint Joseph's University
State Licensing
Pennsylvania

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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