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

Geoffrey C. Hanahan
(440) 255-7711
8383 Mentor Ave, # 101
Mentor, OH
Specialties
Business, Estate Planning, Elder Law, Personal Injury, Probate
Education
Loyola University-New Orleans,University of Louisiana, Lafayette
State Licensing
Ohio

David Allen Schroeder
(440) 255-0666
7139 Hopkins Road
Mentor, OH
Specialties
Bankruptcy, Business, Civil Rights, Debt Collection, Fraud
Education
Cleveland State University
State Licensing
Ohio

Leo Johnny Talikka
(440) 352-8500
10 West Erie Street - Suite 106
Painesville, OH
Specialties
Bankruptcy, Business, Civil Rights, Debt Collection, Fraud
Education
Ohio Northern University
State Licensing
Ohio

James Andre Lucas
(440) 391-5100
38500 Chardon Rd.
Willoughby Hills, OH
Specialties
Business, Real Estate, Estate Planning
Education
The John Marshall Law School (IL)
State Licensing
Ohio

Karen Christine Shaw
4230 STATE ROUTE 306
WILLOUGHBY, OH
Specialties
Insurance, Business
Education
Case Western Reserve University School of Law,Kent State University
State Licensing
Ohio

Mitchell D'Amico
7333 CENTER ST
MENTOR, OH
Specialties
Personal Injury, Family, Criminal Defense, Contracts, Business
State Licensing
Ohio

David Joseph Gornik
(440) 392-9580
7103 Brightwood Dr
Concord, OH
Specialties
Business, Real Estate, Commercial
Education
Cleveland State University
State Licensing
Ohio

Robert Harry Myers Jr.
(440) 357-5134
56 Liberty Street, #309
Painesville, OH
Specialties
Bankruptcy, Business, Civil Rights, Debt Collection, Fraud
Education
Cleveland State University
State Licensing
Ohio

Robert Stephen Rosplock
(440) 953-1310
4230 Route 306, Bldg. I, Suite 240
Willoughby, OH
Specialties
Business, Commercial, Estate Planning, Probate, Real Estate
Education
Cleveland State University
State Licensing
Florida, Ohio

James E. Chapman
38033 EUCLID AVE
WILLOUGHBY, OH
Specialties
Personal Injury, Social Security, Business, Trusts
Education
Cleveland State 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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