Corporate Attorneys Portland ME

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 Portland, ME that can help answer your questions about Corporate Attorneys.

Leonard M. Nelson
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Business, Tax, Estate Planning
Education
Harvard University Law School,Harvard College
State Licensing
Maine

Nathaniel R. Hull
(207) 253-4726
25 Granite St., #1
Portland, ME
Specialties
Tax, Commercial
State Licensing
Massachusetts

Robert F. Macdonald Jr.
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Business
Education
University of Maine School of Law,Colby College
State Licensing
Maine

Bradford W Coupe
(207) 253-4468
1 Portland Sq
Portland, ME
Specialties
Employment, Commercial, Arbitration
State Licensing
DC

Lynne D. Houle
(207) 774-1200
100 MIDDLE STREET PO BOX 9729
PORTLAND, ME
Specialties
Business
Education
Stanford University School of Law,Ohio University
State Licensing
Maine, Massachusetts

Nathaniel R. Hull
(207) 253-4726
25 Granite St., #1
Portland, ME
Specialties
Tax, Commercial
State Licensing
Massachusetts

Isabel Maria Traugott
(207) 791-1100
1 Monument Sq
Portland, ME
Specialties
Government, Trusts, Commercial
Education
Stanford Univ Law School,Univ of Chicago
State Licensing
California

Nelson A Toner
(207) 774-1200
PO BOX 9729
PORTLAND, ME
Specialties
Estate Planning, Real Estate, Business
Education
Boston University School of Law,Case Western Reserve University School of Law,Trinity College
State Licensing
Maine, Massachusetts

Gregory A. Tselikis
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Business
Education
University of Maine School of Law,Yale University
State Licensing
Maine

Anthony E. Perkins
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Intellectual Property, Business
Education
University of Maine School of Law,Colby College
State Licensing
Maine

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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Maine Antitrust Laws

Antitrust Code Section: Tit. 10 §§1101, et seq.

Time Limit to Bring Claim: Not specified

Is a Private Lawsuit Possible? Yes; attorney general power to enforce

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com