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

Martin D. Mcreynolds
2001 M 119
PETOSKEY, MI
Specialties
Business, Corporate, Real Estate, Financial Markets And Services, Estate Planning
Education
Michigan State University College of Law,John Brown University
State Licensing
Michigan

Stefan J. Scholl
(231) 347-3836
3280 WOODS WAY UNIT 4
PETOSKEY, MI
Specialties
General Practice, Real Estate, Wills, Trusts, Estate Planning, Business
Education
University of Michigan Law School,Michigan State University - The Honors College, James Madison Coll
State Licensing
Michigan

James T. Ramer
100 S SPRING ST
HARBOR SPRINGS, MI
Specialties
Commercial, Probate, Real Estate, Estate Planning, Debt Collection
Education
Tulane University Law School,Ohio State University, Columbus
State Licensing
Michigan

Michael B. Buckingham
(231) 348-9595
321 East Lake Street
Petoskey, MI
 
Sandra K. Alexander
40900 WOODWARD AVE
BLOOMFIELD HILLS, MI
Specialties
Corporate, Commercial, Business, Wills, Estate Planning, Lawsuits & Disputes
Education
University of Detroit Mercy School of Law,Oakland University
State Licensing
Michigan

Donald J. Molosky
2001 M 119
PETOSKEY, MI
Specialties
Business, Corporate, Real Estate, Financial Markets And Services, Estate Planning
Education
Wayne State University,University of Detroit
State Licensing
Michigan

Jodi J. Doak
(231) 582-0712
219 E Main St Ste 1
Boyne City, MI
Specialties
Family, Franchising, Construction, Business, Probate, Criminal Defense
Education
Thomas M. Cooley Law School,Palm Beach Atlantic University
State Licensing
Michigan

Allen R. Telgenhof
(231) 547-8990
201 State St Ste 200
Charlevoix, MI
Specialties
Lawsuits & Disputes, Business, Family, Criminal Defense
Education
Thomas M. Cooley Law School,Michigan State University
State Licensing
Michigan

Steven L. Barney
(231) 347-1200
303 Howard Street
Petoskey, MI
 
Blair Douglas Hess
850 STEPHENSON HWY STE 405
TROY, MI
Specialties
Bankruptcy, Business, Corporate, LLC, Partnership
Education
University of Detroit Mercy School of Law,Michigan State University
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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