Corporate Attorneys Owasso OK

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 Owasso, OK that can help answer your questions about Corporate Attorneys.

Richard L. Edmonson
(918) 594-0802
320 S Boston Ave Ste 200
Tulsa, OK
Specialties
Business, Oil & Gas, International Law
Education
University of Texas
State Licensing
Texas

Edward Robert Human
(918) 591-1005
2 West 2nd St. Suite 2100
Tulsa, OK
Specialties
Appeals, Business, Oil & Gas, Litigation
Education
Baylor University
State Licensing
Texas

James P. Niedermeyer
(918) 574-7034
One Williams Center Ste 2800
Tulsa, OK
Specialties
Business
Education
University of Tulsa
State Licensing
Texas

H. Steven Walton
(918) 583-9922
124 East Fourth Street
Tulsa, OK
Specialties
Business
Education
University of Kansas
State Licensing
Texas

Eric Anthony Hillerman
(918) 732-1724
One Williams Center, Suite 1900
Tulsa, OK
Specialties
Business, Oil & Gas, Litigation
Education
University of Oklahoma
State Licensing
Texas

Douglas J. May
(918) 595-4819
100 W 5th St #1100
Tulsa, OK
Specialties
Business, Oil & Gas, Social Security
Education
University of Tulsa
State Licensing
Texas

Jeffrey King Rhodes
(918) 747-0111
2510 E. 21st Street
Tulsa, OK
Specialties
Tax, Business, Probate
Education
University of Tulsa
State Licensing
Texas

Patience Adrienne Crowder
(918) 631-5794
407 S Florence Ave
Tulsa, OK
Specialties
Business
Education
Georgetown Univ,Rutgers-The State University-Newark
State Licensing
California

Kent Leroy Siegrist
(918) 599-8600
Nine East Fourth Street, Suite 900
Tulsa, OK
Specialties
Bankruptcy, Debt Collection, Business, Oil & Gas, Real Estate, Litigation
Education
University of Oklahoma
State Licensing
Texas

Bradley Keith Cunningham
(918) 592-4443
320 S. Boston Ave., Suite 1026
Tulsa, OK
Specialties
Business, Employment, Family, Real Estate
Education
University Of Oklahoma
State Licensing
Texas

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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