Corporate Attorneys Oak Ridge TN

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 Oak Ridge, TN that can help answer your questions about Corporate Attorneys.

George H Buxton III
(865) 482-4920
31 E TENNESSEE AVE
OAK RIDGE, TN
Specialties
Personal Injury, Workers Compensation, Business
Education
University of Memphis - Cecil C. Humphreys School of Law ,East Tennessee State University
State Licensing
Tennessee

Dale Jon Montpelier
(865) 673-0330
9059 MIDDLEBROOK PIKE
KNOXVILLE, TN
Specialties
Litigation, Administrative Law, Appeals, Employment, Business
Education
California Western School of Law,Syracuse University,San Diego State University
State Licensing
Tennessee

Stephanie Bauer Daniel
(865) 985-7816
8331 East Walker Springs Lane, Suite #201, Uwsp2a
Knoxville, TN
Specialties
Employment, Commercial
Education
University of Tennessee,East Tennessee State University
State Licensing
Georgia, Ohio, Tennessee

Cole B. Stinson
(770) 429-1499
408 N CEDAR BLUFF RD STE 500
KNOXVILLE, TN
Specialties
Litigation, Workers Compensation, Insurance, Civil Rights, Business
Education
University of Tennessee College of Law ,Coe College
State Licensing
Tennessee

Bradley Sloan Lewis
(865) 690-4997
10413 KINGSTON PIKE STE 200
KNOXVILLE, TN
Specialties
Business, Wills, Trusts, Estate Planning, Real Estate
Education
University of Tennessee College of Law ,University of Tennessee
State Licensing
Tennessee

James Allison Holifield Jr
(865) 566-0115
8351 E WALKER SPRINGS LN STE 303
KNOXVILLE, TN
Specialties
Employment, Business, Employee Benefits
Education
University of Tennessee College of Law ,University of Southern Mississippi
State Licensing
Tennessee

Kevin Brian Fox Sr.
(865) 673-0330
9059 MIDDLEBROOK PIKE
KNOXVILLE, TN
Specialties
Employment, Juvenile, Corporate, Contracts, Administrative Law
Education
University of Tennessee College of Law,Louisiana State University, Shreveport
State Licensing
Tennessee

Christina June Thornton
(865) 566-0115
8351 E WALKER SPRINGS LN STE 303
KNOXVILLE, TN
Specialties
Business, Employee Benefits, Employment
Education
Georgia State University College of Law ,Kennesaw State University
State Licensing
Tennessee

Mark David Mccormick
(865) 310-2781
1512 Mont Cove Blvd
Knoxville, TN
Specialties
Business
Education
Tulane Univ Law School,Tulane Univ
State Licensing
California

Andrew Scott Roskind
(865) 357-8102
9724 KINGSTON PIKE STE 208
KNOXVILLE, TN
Specialties
Adoption, Business, Litigation, Personal Injury, Criminal Defense
State Licensing
Tennessee

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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