Corporate Attorneys Novi MI

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 Novi, MI that can help answer your questions about Corporate Attorneys.

Walter J. Borda
39555 ORCHARD HILL PL
NOVI, MI
Specialties
Corporate, Immigration, Defective & Dangerous Products, Employment
Education
Washington and Lee University,Washington and Lee University
State Licensing
Michigan

Roger E. Erickson
39555 ORCHARD HILL PL
NOVI, MI
Specialties
Business, Defective & Dangerous Products, Intellectual Property
Education
University of Minnesota, Institute of Technology,University of Minnesota, Twin Cities
State Licensing
Michigan

John I. Bain Jr.
27780 NOVI RD STE 230
NOVI, MI
Specialties
Business, Divorce, Wills, Probate, Child Support
Education
Thomas M. Cooley Law School,Hillsdale College
State Licensing
Michigan

James P. Ziety
39555 ORCHARD HILL PL
NOVI, MI
Specialties
Contracts, Corporate, Aviation, Energy, Antitrust
Education
University of Detroit Mercy School of Law,St. Mary's College,University of Wisconsin, Madison,Univer
State Licensing
Michigan

Mathew Kobliska
(248) 553-0800
34705 W 12 MILE RD STE 311
FARMINGTON HILLS, MI
Specialties
Arbitration, Alimony, Business, Child Custody, Child Support, Contracts, Debt Collection, Divorce, Domestic Violence, Litigation
Education
Wayne State University Law School,University of Michigan
State Licensing
Michigan

Glenn S. Arendsen
39555 ORCHARD HILL PL
NOVI, MI
Specialties
Contracts, Construction, Commercial, Corporate, Patent Application
Education
Michigan Technological University,George Washington University,Chrysler Institute
State Licensing
Michigan

Joseph F. Lorenz
39555 ORCHARD HILL PL
NOVI, MI
Specialties
Contracts, Corporate, Business, Tax
Education
University of Michigan Law School,James Madison College of Michigan State University
State Licensing
Michigan

Thomas H. Geggie
39555 ORCHARD HILL PL
NOVI, MI
Specialties
Business, Corporate, Real Estate
Education
Albion College,Wayne State University
State Licensing
Michigan

Natalie C. Qandah
(248) 210-7412
22568 Summer Ln
Novi, MI
Specialties
Appeals, Contracts, Social Security, Business, Health Care, Litigation
Education
Wayne State University Law School,University of Michigan
State Licensing
Michigan

Eric J. Gould
39395 W 12 MILE RD STE 200
FARMINGTON HILLS, MI
Specialties
Tax, Health Care, Estate Planning, Business, Real Estate
Education
Wayne State University College of Law,University of Florida,Michigan Business School
State Licensing
Michigan

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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