Corporate Attorneys Spanish Fork UT

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 Spanish Fork, UT that can help answer your questions about Corporate Attorneys.

Trent V. Cahill
(801) 709-6000
21 EAST 300 NORTH PO BOX 1233
SPANISH FORK, UT
Specialties
Business, Litigation, Estate Planning, Contracts, Divorce, Criminal Defense
Education
Thomas M. Cooley Law School,Brigham Young University
State Licensing
Michigan, Utah

George Boyack Brunt
(214) 476-0920
921 Fir Ave
Provo, UT
Specialties
Business
Education
Pepperdine Univ SOL,Brigham Young Univ
State Licensing
California

Damian C Smith
(801) 805-3680
333 S 520 W Ste 220
Lindon, UT
Specialties
Business, Intellectual Property, International Law
State Licensing
Washington

Mark F. Robinson
(801) 375-1920
80 North 100 East, P.O. Box 1266
Provo, UT
 
Nathan S. Dorius
(801) 375-1920
80 North 100 East, P.O. Box 1266
Provo, UT
 
Matthew Norman Smith
(917) 843-1742
3223 Apache Ln
Provo, UT
Specialties
Business
Education
Columbia Univ SOL,Univ of California at Los Angeles
State Licensing
California

Graham Howard Norris Jr
(801) 932-1238
1329 S 800 E Ste 243
Orem, UT
Specialties
Litigation, Estate Planning, Contracts, Corporate, Divorce
Education
Brigham Young Univ,Loyola Univ SOL
State Licensing
California, Idaho, Utah, Wyoming

Drew Briney
(801) 798-8201
265 North Main Street, Suite 200
Spanish Fork, UT
 
John L. Valentine
(801) 373-6345
Delphi Building, 120 East 300 North Street, P.O. Box 1248
Provo, UT
 
Phillip E. Lowry
(801) 373-6345
Delphi Building, 120 East 300 North Street, P.O. Box 1248
Provo, UT
 

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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