Corporate Attorneys Salem NH

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 Salem, NH that can help answer your questions about Corporate Attorneys.

Renay Smallcomb
(978) 687-1777
302 Broadway
Methuen, MA
Specialties
Business, Family, Administrative Law
State Licensing
Massachusetts

Steven S. Blair
(978) 687-1777
302 Broadway
Methuen, MA
Specialties
Business, Family, Personal Injury
State Licensing
Massachusetts

Anthony R DiFruscia
(978) 687-1777
302 Broadway
Methuen, MA
Specialties
Business, Family, Litigation
State Licensing
Massachusetts

Dennis M Spurling
(978) 374-2230
21 WINGATE ST THE WINGATE
HAVERHILL, MA
Specialties
Estate Planning, Business, Real Estate
Education
Suffolk University Law School,University of Massachusetts
State Licensing
Massachusetts

Ivan S. Crnilovic
978-557–5556 |
160 COMMON ST
LAWRENCE, MA
Specialties
Immigration, Business, Telecommunications, Intellectual Property, Tax
Education
Franklin Pierce Law Center,Franklin Pierce College
State Licensing
Massachusetts

Kathleen Sullivan DiFruscia
(978) 687-1777
302 Broadway
Methuen, MA
Specialties
Business, Family, Trusts
State Licensing
Massachusetts

William J Mason
(978) 687-1777
302 Broadway
Methuen, MA
Specialties
Personal Injury, Business, Family
State Licensing
Massachusetts

Renay Smallcomb
(978) 687-1777
302 Broadway
Methuen, MA
Specialties
Business, Family, Administrative Law
State Licensing
Massachusetts

Thomas Patrick Smith
(978) 686-6151
300 ESSEX ST
LAWRENCE, MA
Specialties
Business, Government, Criminal Defense
Education
Georgetown University Law Center,Harvard College
State Licensing
Massachusetts

Michael A Gerstein
(978) 374-1131
25 KENOZA AVE
HAVERHILL, MA
Specialties
Business, Tax, Estate Planning, Real Estate
Education
Boston University School of Law,Suffolk University Law School,University of Maryland, College Park
State Licensing
Massachusetts

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...

Click here to read the rest of this article from GlobalBx