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

Keith R Jacques
(207) 282-1527
PO Box 1179
Saco, ME
Specialties
Business, Litigation, Education, Personal Injury, Construction
Education
Vanderbilt University Law School,Dartmouth College
State Licensing
Maine

David R Ordway
(207) 282-1527
PO Box 1179
Saco, ME
Specialties
Business, Real Estate, Land Use & Zoning
Education
University of Maine School of Law,University of Vermont
State Licensing
Maine

Daniel W. Mooers
(207) 767-7444
650 Main Street, Suite 209
South Portland, ME
Specialties
Construction, Personal Injury, General Practice, Business, Employment
Education
University of Maine School of Law
State Licensing
Maine

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

Timothy S Keiter
(207) 774-5100
One William Street
Portland, ME
Specialties
Real Estate, LLC, Corporate
Education
Harvard University Law School,Hamilton College
State Licensing
Maine

Peter W S
(207) 282-1527
PO Box 1179
Saco, ME
Specialties
Business, Litigation, Construction, Personal Injury, Real Estate
Education
New England School of Law,Bates College
State Licensing
Maine

William S Kany
(207) 282-1527
PO Box 1179
Saco, ME
Specialties
Business, Litigation, Estate Planning, Real Estate, Administrative Law
Education
University of Maine School of Law,Dartmouth College
State Licensing
Maine

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

Thomas G. Ainsworth
(207) 767-4824
PO Box 2412
South Portland, ME
Specialties
Business, Financial Markets And Services, Family, Real Estate
Education
University of Maine School of Law,University of Maine, Orono
State Licensing
Maine

Jonathan R. Winnick
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Securities Offerings, Financial Markets And Services, Business
Education
Bowdoin College,Suffolk Law School
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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