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

Henry D. Kopicko
(734) 927-0600
44450 Pinetree Dr Ste 202
Plymouth, MI
Specialties
Estate Planning, Business, Probate
State Licensing
Michigan

Mario Tabone
(734) 354-7271
41605 Ann Arbor Road
Plymouth, MI
Specialties
Business, Patent Application, Intellectual Property, Licensing, Trademark Application
Education
University of Detroit Mercy School of Law,University of Detroit Mercy
State Licensing
DC, Michigan

Steven O. Ashton
843 PENNIMAN AVE
PLYMOUTH, MI
Specialties
Personal Injury, Insurance, Business, Probate, State, Local And Municipal Law
State Licensing
Michigan

Darlene M. Germaine
843 PENNIMAN AVE
PLYMOUTH, MI
Specialties
Personal Injury, Insurance, Business, Probate, State, Local And Municipal Law
State Licensing
Michigan

Joel B. Ashton
843 PENNIMAN AVE
PLYMOUTH, MI
Specialties
Personal Injury, Insurance, Business, Probate, Real Estate
State Licensing
Michigan

Cameron A. Miller
134 N MAIN ST
PLYMOUTH, MI
Specialties
Divorce, Family, Corporate, Personal Injury, Criminal Defense
Education
Eastern Michigan University,Detroit College of Law
State Licensing
Michigan

J. Michael Southerland
(734) 455-0860
944 S Main St
Plymouth, MI
Specialties
Business, Litigation, Estate Planning
Education
Cornell Law School,Alma College
State Licensing
Michigan

Wade A. Myers
(734) 414-8431
1142 S MAIN ST
PLYMOUTH, MI
Specialties
Business, Commercial, Environmental, Estate Planning, Probate
Education
Detroit College of Law
State Licensing
Michigan

Michael P. Bartnicki
(734) 455-1230
134 N MAIN ST
PLYMOUTH, MI
Specialties
Construction, Debt Collection, Contracts, Corporate, DUI, General Practice, Speeding Ticket, Criminal Defense
Education
University of Detroit Mercy School of Law,Albion College
State Licensing
Michigan

Daniel Ryan Chudnof
1419 WILLARD DR
CANTON, MI
Specialties
Wills, Trusts, Estate Planning, Contracts, Corporate
Education
University of Illinois School of Law.,University of Illinois,University of Michigan
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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