Corporate Attorneys Newburgh NY

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 Newburgh, NY that can help answer your questions about Corporate Attorneys.

Joel S. Finkelstein
(845) 344-2090
1279 Rt. 300
Newburgh, NY
Specialties
Business, Family, Personal Injury
State Licensing
New York

Alan Jay Axelrod
(877) 278-5062
34 ROUTE 17K
NEWBURGH, NY
Specialties
Real Estate, Wills, Estate Planning, Corporate, Bankruptcy
Education
Boston College Law School,Union College (Lincoln Nebraska)
State Licensing
New York

Kenneth Lloyd Oliver
(845) 562-3492
436 Robinson Ave
Newburgh, NY
Specialties
Business, Family, Personal Injury
State Licensing
New York

Erica Levine Powers
1 CORWIN CT
NEWBURGH, NY
Specialties
Real Estate, Land Use & Zoning, Environmental, State, Local And Municipal Law, Business
Education
Boston University School of Law,Boston University of Law,Radcliffe College
State Licensing
New York

Jason D. Minard
1 CORWIN CT
NEWBURGH, NY
Specialties
Business, Litigation, Real Estate
Education
University of Miami School of Law,Cornell University,Cornell University
State Licensing
New York

Andrew Glen Finkelstein
(845) 562-3492
436 Robinson Ave
Newburgh, NY
Specialties
Personal Injury, Family, Business
State Licensing
New York

Ralph Louis Puglielle
(845) 561-0550
1 CORWIN CT
NEWBURGH, NY
Specialties
Litigation, Commercial
Education
Albany Law School of Union University,State University of New York, College at New Paltz
State Licensing
New York

Steven Louis Tarshis
1 CORWIN CT
NEWBURGH, NY
Specialties
Business, Corporate, Tax, Health Care, Real Estate
Education
New York University,St John's University
State Licensing
New York

Hobart Joseph Simpson
1 CORWIN CT
NEWBURGH, NY
Specialties
Commercial, Litigation
Education
Albany Law School of Union University,State University of New York, College at New Paltz
State Licensing
New York

Richard M Mahon
(845) 565-1100
& Catania Pc, Po Box 1479
Newburgh, NY
Specialties
Commercial, Litigation
Education
Boston College,Cornell University
State Licensing
DC, New York

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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