Corporate Attorneys New Britain CT

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 New Britain, CT that can help answer your questions about Corporate Attorneys.

Robert A Scalise JR
(860) 229-0369
35 PEARL ST STE 301
NEW BRITAIN, CT
Specialties
Estate Planning, Elder Law, Business, Real Estate
Education
Western New England School of Law,Bates College
State Licensing
Connecticut

Brian Matthew Silver
(860) 225-3518
Silver & Silver Llp, One Liberty Sq
New Britain, CT
Specialties
General Practice, Personal Injury, Business
Education
Duquesne University School of Law,Hartwick College
State Licensing
Connecticut, Pennsylvania

Nicholas E Denigris
(860) 225-7667
165 W MAIN ST
NEW BRITAIN, CT
Specialties
Real Estate, Estate Planning, Personal Injury, Corporate, Criminal Defense
Education
Clark University,University of Connecticut
State Licensing
Connecticut

Joane R Mueller-London
(860) 666-4500
48 CHRISTIAN LN
NEWINGTON, CT
Specialties
Corporate, Litigation
Education
Cornell Law School,Temple University,University of Pennsylvania
State Licensing
Connecticut

Kevin L Mason
(877) 627-3500
47 E CEDAR ST
NEWINGTON, CT
Specialties
Real Estate, Bankruptcy, Business, Probate, Wills
Education
University of Connecticut School of Law
State Licensing
Connecticut

Pamela R Reynolds
(860) 893-0500
1 LIBERTY SQ STE 208
NEW BRITAIN, CT
Specialties
Corporate, Estate Planning, Mergers & Acquisitions, Franchising, Trusts
Education
University of Connecticut School of Law,Southern Connecticut State University,Southern Connecticut S
State Licensing
Connecticut

Jack M Bassett
(860) 229-0369
35 PEARL ST STE 301
NEW BRITAIN, CT
Specialties
Residential, Estate Planning, Business, Debt Agreements, Commercial
Education
Wake Forest University School of Law,Colgate University
State Licensing
Connecticut

Lewis M Platt
(860) 225-8431
6 PARK PL
NEW BRITAIN, CT
Specialties
Real Estate, Business, Estate Planning, Criminal Defense
Education
Suffolk University Law School,University of Connecticut
State Licensing
Connecticut

Richard Lynn Bigelow
Patent Attorney Llc, 203tremont St
Newington, CT
Specialties
Intellectual Property, Commercial
State Licensing
Connecticut

Paul T Czepiga
(860) 594-7995
48 CHRISTIAN LN
NEWINGTON, CT
Specialties
Corporate, Contracts, Elder Law, LLC, Estate Planning, Probate
Education
Syracuse Law School,Northwestern University,Syracuse University
State Licensing
Connecticut

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