Corporate Attorneys New Castle DE

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 Castle, DE that can help answer your questions about Corporate Attorneys.

Abigail M Legrow
(302) 984-6134
1313 N. MARKET STREET, P.O. BOX 951
Wilmington, DE
Specialties
Administrative Law, Business, Litigation
State Licensing
Delaware

Joseph H Huston Jr.
(302) 425-3310
1105 NORTH MARKET STREET, 7TH FLOOR
Wilmington, DE
Specialties
Commercial
State Licensing
Delaware

John V Fiorella
(302) 777-4350
300 Delaware Avenue Suite 1370
Wilmington, DE
Specialties
Franchising, Litigation, Corporate, Bankruptcy
Education
University of Pennsylvania Law School,Georgetown University
State Licensing
Delaware, New Jersey

Robert C Mcdonald
(302) 888-2900
1010 North Bancroft Parkway, Suite 22
Wilmington, DE
Specialties
Workers Compensation, Personal Injury, Real Estate, Business, DUI
Education
Widener University School of Law,Willamette University,Willamette University
State Licensing
Delaware

Larry D Sullivan
(302) 286-6336
824 MARKET STREET, SUITE 904, P.O. BOX 1351
Wilmington, DE
Specialties
Corporate, Estate Planning
State Licensing
Delaware

Michael B Rush
(302) 984-6154
1313 N. MARKET STREET, 6TH FLOOR
Wilmington, DE
Specialties
Employment, Health Care, Business
State Licensing
Delaware

Peter J Walsh Jr.
(302) 984-6037
1313 NORTH MARKET STREET, P.O. BOX 951
Wilmington, DE
Specialties
Business, Administrative Law, Litigation
State Licensing
Delaware

David E Ross
(302) 888-6433
1007 North Orange Street, P.O. Box 2207
Wilmington, DE
Specialties
Business, Estate Planning
Education
Columbia University School of Law,Johns Hopkins University
State Licensing
Delaware, DC, Maryland, New Jersey

Sarah E Diluzio
(302) 984-6279
1313 NORTH MARKET STREET, P.O. BOX 951
Wilmington, DE
Specialties
Employment, Business, Litigation
State Licensing
Delaware

Lawrence C Ashby
(302) 654-1888
500 DELAWARE AVENUE, P.O. BOX 1150
Wilmington, DE
Specialties
Mediation, Corporate
Education
Vanderbilt University Law School,Williams College
State Licensing
Delaware

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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