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.

Henry E Gallagher Jr.
(302) 888-6288
1007 North Orange Street, P.O. Box 2207
Wilmington, DE
Specialties
Business, Litigation
Education
Villanova University School of Law,Villanova University
State Licensing
Delaware

Kathleen Jennings
(302) 467-4220
1100 NORTH MARKET STREET, SUITE 1000
Wilmington, DE
Specialties
Criminal Defense, White Collar Crime, Commercial
State Licensing
Delaware

James M Geddes
(302) 654-1888
500 Delaware Avenue, P.O. BOX 1150
Wilmington, DE
Specialties
Commercial
Education
College of William and Mary, Marshall-Wythe School of Law,American Graduate School of International
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

Richard D Heins
(302) 654-1888
500 Delaware Avenue, P.O. BOX 1150
Wilmington, DE
Specialties
Corporate, Commercial
State Licensing
Delaware

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

Christina M Thompson
(302) 658-9141
1007 North Orange Street, P.O. Box 2207
Wilmington, DE
Specialties
Business, Bankruptcy
Education
Widener University School of Law,James Madison University
State Licensing
Delaware

Theresa V Brown-Edwards
(302) 984-6142
1313 N. MARKET STREET, 6TH FL., P.O. BOX 951
Wilmington, DE
Specialties
Chapter 11, Business, Administrative Law
State Licensing
Delaware

Jeffrey M Schlerf
(302) 622-4212
919 N. MARKET STREET, STE 1600, P.O. BOX 2323
Wilmington, DE
Specialties
Chapter 11, Commercial, Mediation
State Licensing
Delaware

Brian Crawford
(302) 575-0873
1201 Orange Street Suite 600
Wilmington, DE
Specialties
Estate Planning, Corporate, Real Estate
Education
Lehigh University,Loyola University School of Law
State Licensing
Delaware, New Jersey

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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