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

Michelle Lee Slimak
PO BOX 220
MEDINA, OH
Specialties
Business, Bankruptcy, Family, Mediation, Probate
Education
University of Akron, C. Blake McDowell Law Center,Ohio University
State Licensing
Ohio

Michael David Todd
748 N COURT ST
MEDINA, OH
Specialties
Real Estate, Business, Corporate, Employment, Litigation
Education
Case Western Reserve University School of Law,United States Military Academy
State Licensing
Ohio

Robert Charles Skidmore
(330) 441-4843
748 N COURT ST
MEDINA, OH
Specialties
Commercial, Business, Tax, Corporate, Estate Planning, General Practice
Education
Ashland University,Mount Vernon Nazarene University,University of Akron
State Licensing
Ohio

Kevin Mark Preston
232 N COURT ST
MEDINA, OH
Specialties
Family, Estate Planning, Real Estate, Business, Child Custody
Education
Cleveland State University - Cleveland-Marshall College of Law,Bucknell University
State Licensing
Ohio

Sarah Ann Toops
(330) 723-6404
4996 Foote Rd.
Medina, OH
Specialties
Litigation, Commercial, Appeals
Education
Stanford University
State Licensing
California, Ohio

Jennifer Lee Hensal
PO BOX 220
MEDINA, OH
Specialties
Business, Personal Injury, Estate Planning, Probate, Employment
Education
University of Akron,University of Toledo
State Licensing
Ohio

Claudia Marie Skidmore
748 N COURT ST
MEDINA, OH
Specialties
Personal Injury, Corporate, Real Estate, Family, Speeding Ticket
Education
Cleveland State University - Cleveland-Marshall College of Law,Mount Vernon Nazarene University
State Licensing
Ohio

Ralph Albert Berry Jr.
232 N COURT ST
MEDINA, OH
Specialties
Business, Probate, Real Estate, Trusts, Estate Planning
Education
Cleveland State University - Cleveland-Marshall College of Law,Ohio Northern University
State Licensing
Ohio

Kevin William Dunn
600 E SMITH RD
MEDINA, OH
Specialties
Criminal Defense, Family, Estate Planning, Personal Injury, Business
Education
Miami University of Ohio,University of Akron
State Licensing
Ohio

John Clayton Oberholtzer
(330) 725-4929
39 Public Sq # Ste201
Medina, OH
Specialties
Litigation, Business, Probate, Estate Planning, Tax, Bankruptcy, Divorce, Social Security
Education
Case Western Reserve University,College of Wooster
State Licensing
Florida, 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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