Corporate Attorneys Magna UT

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 Magna, UT that can help answer your questions about Corporate Attorneys.

Paul Edward Mayer
(801) 588-9983
Po Box 27206
Salt Lake City, UT
Specialties
Business, Contracts, Employment, Real Estate, Construction
State Licensing
Washington

Brian Arnett Lebrecht
(801) 983-4948
406 W South Jordan Pkwy, Ste 160
South Jordan, UT
Specialties
Securities Offerings, Mergers & Acquisitions, Corporate
Education
Univ of San Diego SOL,Univ of San Diego,University of San Diego School of Business
State Licensing
California, Utah

John Syphus Jensen
(801) 208-1500
698 W 10000 S Ste 500
South Jordan, UT
Specialties
Business
Education
Brigham Young Univ J Reuben Clark LS UT,Brigham Young Univ
State Licensing
California

Carson Pearson
(801) 495-4814
1682 Reunion Avenue Ste 100
South Jordan, UT
Specialties
Estate Planning, Business, Contracts, Tax, Bankruptcy
Education
Brigham Young University - J. Reuben Clark Law School,University of Utah
State Licensing
Utah

John Gary Weston
(801) 257-1931
15 W South Temple #1200w
Salt Lake City, UT
Specialties
Business
Education
Univ of Utah COL,Brigham Young Univ
State Licensing
California

Robert Kyle Treadway
(801) 487-4161
2125 Constitution Blvd
West Valley City, UT
Specialties
Business, Contracts, Corporate, Employment
State Licensing
Washington

Harlan M. Hatfield
(801) 984-9400
10653 River Front Pkwy Ste 300
South Jordan, UT
Specialties
Business, Corporate
State Licensing
Washington

Carson Pearson
(801) 495-4814
1682 Reunion Avenue Ste 100
South Jordan, UT
Specialties
Estate Planning, Business, Contracts, Tax, Bankruptcy
Education
Brigham Young University - J. Reuben Clark Law School
University of Utah
State Licensing
Utah

Tyson B. Snow
(801) 363-5678
170 South Main Street, Suite 900
Salt Lake City, UT
Specialties
Employment, Intellectual Property, Commercial
Education
Brigham Young University - J. Reuben Clark Law School,Brigham Young University
State Licensing
Utah

Marcus Cole Porter Jr
(801) 799-5916
222 S Main St Ste 2200
Salt Lake City, UT
Specialties
Corporate, Investment Fraud
State Licensing
Washington

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...

Click here to read the rest of this article from GlobalBx