Corporate Attorneys Monroe NC

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 Monroe, NC that can help answer your questions about Corporate Attorneys.

Koy E. Dawkins
(704) 283-8501
PO BOX 399 101 S MAIN ST
MONROE, NC
Specialties
Real Estate, Estate Planning, Business, Litigation, Education
Education
Wake Forest University School of Law,High Point College
State Licensing
North Carolina

Claudine Marie Lovitt
1004 BALTUSROL LN
MARVIN, NC
Specialties
Corporate, Investment Fraud
Education
Colgate Universtiy,Pace University,University of Vienna
State Licensing
Connecticut, New York, Ohio

Gary W. Smith
(704) 364-0010
128 Southern Cross Ln
Matthews, NC
Specialties
Estate Planning, Business, Real Estate
State Licensing
North Carolina

Charles W. Bennett
(704) 844-1401
196 N TRADE ST
MATTHEWS, NC
Specialties
Residential, Commercial, Construction, Contracts, Estate Planning
Education
University of North Carolina School of Law,University of North Carolina, Asheville
State Licensing
North Carolina

Karen Lee Bell Clark
(704) 817-9120
11508-H Providence Road, Suite 232
Charlotte, NC
Specialties
Business, Administrative Law, Real Estate
Education
University of Florida
State Licensing
Texas

James Allen Lee III
(704) 289-4577
1107 Summerlin Dairy Rd.
Wingate, NC
Specialties
Real Estate, Family, Business
State Licensing
North Carolina

Laura H. S. Budd
(704) 841-0760
131 Matthews Station St., Town Sq. Bldg, 2-C
Matthews, NC
Specialties
Family, Business, Litigation
State Licensing
North Carolina

Robert Bruce Vernon
(704) 373-8850
926 Mangionne Dr.
Matthews, NC
Specialties
Project Finance, Transportation, Commercial
State Licensing
North Carolina

Jason A. McGrath
225 BENTLEY OAKS LN
CHARLOTTE, NC
Specialties
Family, Business, Bankruptcy, Wills, Landlord & Tenant, Estate Planning, Foreclosure
Education
The Florida State University College of Law,The Florida State University,The Florida State Universit
State Licensing
Florida, North Carolina

Jill C. Griset
(704) 343-2193
8711 Bee Tree Cir
Charlotte, NC
Specialties
Litigation, Commercial
State Licensing
North Carolina

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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