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

Michael Barnard Bridges
(864) 271-8171
Po Box 1923
Greenville, SC
Specialties
Franchising, Estate Planning, Elder Law, Tax, Business
Education
No Law School provided
State Licensing
Florida, South Carolina

Clifford J. Lawrence
(864) 420-2661
PO BOX 346
GREENVILLE, SC
Specialties
Mergers & Acquisitions, Franchising, Securities Offerings, Contracts, Corporate
State Licensing
South Carolina

Richard A. Jones Jr
(864) 271-8171
P.O. Box 1923
Greenville, SC
Specialties
Business, Employee Benefits, Tax, Estate Planning
Education
Georgetown University Law Center,University of South Carolina School of Law,University of South Caro
State Licensing
South Carolina

David Ward Ball
(864) 271-8171
P.O. Box 1923
Greenville, SC
Specialties
Health Care, Business, Tax, Employee Benefits
Education
Loyola University Chicago School of Law,University of Florida, Fredric G. Levin College of Law,Miami
State Licensing
South Carolina

Everette Hoke Babb
(864) 422-0022
505 W. Butler Rd.
Greenville, SC
Specialties
Mediation, Debt Agreements, Real Estate, Business, Estate Planning
Education
University of South Carolina School of Law,North Carolina State University
State Licensing
South Carolina

Matthew W. Christian
(864) 640-4272
1007 E. Washington Street, PO Box 332
Greenville, SC
Specialties
Personal Injury, Defective & Dangerous Products, Medical Malpractice, Nursing Home Abuse, Business
Education
University of South Carolina School of Law,Carson-Newman College
State Licensing
South Carolina

Clifford J. Lawrence
(864) 420-2661
PO BOX 346
GREENVILLE, SC
Specialties
Mergers & Acquisitions, Franchising, Securities Offerings, Contracts, Corporate
State Licensing
South Carolina

Virginia M. Phillips
(864) 271-8171
Po Box 1923
Greenville, SC
Specialties
Estate Planning, Probate, Business, Tax
Education
University of Georgia
State Licensing
Georgia, South Carolina

H. Stewart James
(864) 422-0022
505 W. Butler Rd.
Greenville, SC
Specialties
Estate Planning, Real Estate, Business, Debt Collection
Education
Samford University, Cumberland School of Law,Clemson University
State Licensing
South Carolina

Michelle Jean Sproat
(818) 399-4315
16 W Faris Rd
Greenville, SC
Specialties
Business
Education
Univ Of Victoria,Concord Law School
State Licensing
California

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