Corporate Attorneys Seneca SC

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 Seneca, SC that can help answer your questions about Corporate Attorneys.

Edward Delane Rosemond
(864) 888-2832
P.O. Box 1498
Seneca, SC
Specialties
Car Accident, Personal Injury, Criminal Defense, Family, Corporate
Education
University of South Carolina School of Law,University Of South Carolina
State Licensing
South Carolina

Sullivan, Louis G II
(864) 225-7403
609 Fair St
Anderson, SC

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H Michael Solloa Jr.
(803) 737-5700
PO BOX 1715
COLUMBIA, SC
Specialties
Business, Contracts, Real Estate
Education
Nova Southeastern University - Shepard Broad Law Center
State Licensing
Florida, South Carolina

O. G. Query
(843) 795-9500
147 Wappoo Creek Dr., Ste. 202
Charleston, SC
Specialties
Contracts, Corporate, Criminal Defense, Insurance, Personal Injury
Education
University of South Carolina School of Law,University of South Carolina, Columbia
State Licensing
South Carolina

Rutherford P.C. Smith
(843) 873-6780
100 S. Main St., Ste. J
Summerville, SC
Specialties
Real Estate, Business, Estate Planning
State Licensing
South Carolina

Ronnie L. Smith
(864) 654-3680
600 College Avenue, P.O. Box 1633
Clemson, SC
 
Dalton B Floyd Jr
(843) 238-5141
P.O. Drawer 14607
Surfside Beach, SC
Specialties
Business, Personal Injury, Estate Planning, Real Estate, Family
Education
University of South Carolina School of Law,University Of South Carolina School Of Law,University of
State Licensing
South Carolina

William H. Tucker
(803) 648-4213
111 Park Ave., SW
Aiken, SC
Specialties
Estate Planning, Real Estate, Business, Corporate, Probate
Education
University of South Carolina School of Law,DePauw University
State Licensing
South Carolina

J. Bennett Crites
(843) 576-2900
78 Wentworth St Ste 200
Charleston, SC
Specialties
Business, Litigation
Education
University of South Carolina School of Law,Citadel
State Licensing
South Carolina

Kelly Frame
(843) 564-5115
164 Market Street, Suite 1-2
Charleston, SC
Specialties
Estate Planning, Business, Trademark Application
State Licensing
Georgia, Illinois, South Carolina

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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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