Corporate Attorneys Owings Mills MD

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 Owings Mills, MD that can help answer your questions about Corporate Attorneys.

Stephen Henry Kaufman
(301) 575-0311
Offit Kurman Yumkas Et Al, 8 Park Ctr Court Ste 200
Owings Mills, MD
Specialties
Health Care, Business, Employment, Litigation
Education
Cornell Law School,State University of New York, Albany
State Licensing
Maryland, Pennsylvania

Harvey L Okun
(410) 654-1717
TWO COPORATE CENTER 10461 MILL RUN CIR STE 850
OWINGS MILLS, MD
Specialties
Family, Business, Criminal Defense
State Licensing
Maryland

Richard S Granat Esq
(301) 760-7961
9141 Reisterstown Road, Suite 43
Owings Mills, MD
Specialties
Family, Estate Planning, Business
Education
Columbia University School of Law
State Licensing
DC, Maryland

Donald James Walsh
(443) 738-1500
8 Park Center Court, Suite 200
Owings Mills, MD
Specialties
Business, Government, Banking
Education
University of Baltimore School of Law,Towson University
State Licensing
Maryland

Theodore Marasciulo
(443) 738-1500
8 Park Center Court, Suite 200
Owings Mills, MD
Specialties
Tax, Corporate
Education
Pennsylvania State University, University Park (main campus),Temple University
State Licensing
Pennsylvania

John A Scaldara
(301) 575-0381
8 Park Center Court, Suite 200
Owings Mills, MD
Specialties
Litigation, Business
Education
University of Maryland School of Law,Loyola College
State Licensing
Maryland

Timothy Michael Monahan
(443) 738-1500
8 Park Center Court, Suite 200
Owings Mills, MD
Specialties
Litigation, Business, Real Estate
Education
University of Maryland School of Law,Johns Hopkins University
State Licensing
Maryland

Glenn David Solomon
(443) 738-1500
8 PARK CENTER CT STE 200
OWINGS MILLS, MD
Specialties
Business, Intellectual Property, Debt Agreements
Education
University of Maryland School of Law,Franklin and Marshall College
State Licensing
Maryland

David Kevin Mcrae
(443) 738-1500
8 Park Center Court, Suite 200
Owings Mills, MD
Specialties
Real Estate, Banking, Business
Education
University of Maryland School of Law,Cornell University
State Licensing
Maryland

Buddy M Potler
(301) 575-0382
8 Park Center Court, Suite 200
Owings Mills, MD
Specialties
Lawsuits & Disputes, Litigation, Business
Education
University of Baltimore School of Law,University of Baltimore School of Law,University of Maryland
State Licensing
Maryland

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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