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

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

Michael A. Fagone
(207) 774-1200
100 Middle Street
Portland, ME
Specialties
Business
Education
University of Maine School of Law,Amherst College
State Licensing
Maine

Scot E. Draeger
(207) 774-1200
100 Middle Street
Portland, ME
Specialties
Securities Offerings, Business, Financial Markets And Services
Education
University of Maine School of Law,University of Cincinnati
State Licensing
Maine

Angus S. King Jr.
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Business, Energy, State, Local And Municipal Law, Federal Regulation
Education
University of Virginia Law School,Dartmouth College
State Licensing
Maine

Eric F. Saunders
(207) 228-7256
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Business, Health Care
Education
Boston University School of Law,Harvard University
State Licensing
Maine

Charles E. Miller
(207) 228-7218
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Real Estate, Business
Education
University of Maine School of Law,Colby College,University of Maine
State Licensing
Maine

James F. Keenan Jr.
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Intellectual Property, Business
Education
Boston College Law School,Bowdoin College
State Licensing
Maine

Michael L Sheehan
(207) 791-3000
One City Center
Portland, ME
Specialties
Business, Real Estate, International Law
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

Caleb Chase Boothby DuBois
(207) 774-1200
100 Middle Street
Portland, ME
Specialties
Business, Investment Fraud, Financial Markets And Services
Education
Northeastern University School of Law,Bowdoin 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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