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

Justin Randall Lodge
(740) 345-3431
36 N 2nd St, Po Box 919
Newark, OH
Specialties
Estate Planning, Business, Tax, Probate, Real Estate
Education
The Ohio State University Moritz College of Law,Hillsdale College,University of Tennessee
State Licensing
Ohio

William Scott Hayes
195 E BROAD ST
PATASKALA, OH
Specialties
Adoption, Commercial, Real Estate, Construction, Contracts
Education
Ohio State University Moritz College of Law,Miami University of Ohio
State Licensing
Ohio

Castner Joseph F Atty
(740) 323-1400
Po Box 437
Jacksontown, OH

Data Provided By:
Matthew Yackshaw
200 MARKET AVE N MILLENIUM CENTRE
CANTON, OH
Specialties
Tax, Environmental, Construction, Commercial, Litigation
Education
The Ohio State Law School,John Carroll University
State Licensing
Ohio

Christopher Thomas Altier
(216) 964-2700
3503 Carpenter Road
Ashtabula, OH
Specialties
Bankruptcy, Business, Civil Rights, Debt Collection, Fraud
Education
University of Akron
State Licensing
Ohio

William James Taylor
No street address
Thornville, OH
Specialties
Business, Environmental, Banking, Health Care
Education
Ohio State University, Columbus
State Licensing
Ohio

Sheppard Law Offices Co LPA
(740) 345-7138
51 N 3rd St # 304
Newark, OH

Data Provided By:
Elizabeth Maria Hijar
127 PUBLIC SQ SOCIETY NATIONAL BK BLDG
CLEVELAND, OH
Specialties
Employment, Business
Education
Harvard University,University of Texas System, Austin
State Licensing
Ohio

Richard Brian Kotila
(440) 293-7256
The Andover Bank, P.O. Box 1300
Andover, OH
Specialties
Bankruptcy, Business, Civil Rights, Debt Collection, Fraud
Education
Cleveland State University
State Licensing
Ohio

Terrence Lee Cariglio
75 PUBLIC SQ STE 920
CLEVELAND, OH
Specialties
Estate Planning, Tax, Business, Probate, Real Estate
Education
University of Akron, C. Blake McDowell Law Center,University of Miami School of Law in Miami,Kent St
State Licensing
Ohio

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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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