Corporate Attorneys Staunton VA

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 Staunton, VA that can help answer your questions about Corporate Attorneys.

Lauren Rachel Darden
(540) 213-7455
Suite 2000, 125 South Augusta Street
Staunton, VA
Specialties
Real Estate, Litigation, Commercial
State Licensing
Virginia

Boyce Eugene Brannock
(540) 885-1517
25 N. Central Ave
Staunton, VA
Specialties
Real Estate, Estate Planning, Business, Banking
Education
University of Virginia School of Law,University of Richmond
State Licensing
Virginia

Lucy Ivanoff
(540) 885-3355
9 South Augusta St.
Staunton, VA
Specialties
Real Estate, Business, Elder Law, Bankruptcy
Education
Temple University - James E. Beasley School of Law,Villanova University School of Law,Georgetown Uni
State Licensing
Pennsylvania, Virginia

Mandi Jo Montgomery Smith
(540) 885-1517
25 N. Central Ave
Staunton, VA
Specialties
Education, Employment, Business, Litigation
Education
Washington and Lee University School of Law,Virginia Polytechnic Institute and State University
State Licensing
Virginia

Randall Tyree Perdue
(540) 885-1517
5 N. Central Ave
Staunton, VA
Specialties
Appeals, Business, Litigation
Education
George Mason University School of Law,University of Virginia
State Licensing
Virginia

John William Sills III
(540) 885-1517
25 N. Central Ave
Staunton, VA
Specialties
Commercial, Real Estate, Estate Planning, Education
Education
University of Virginia School of Law,University of Virginia
State Licensing
Virginia

Victor Manuel Santos
(540) 885-0346
12 North New Street
Staunton, VA
Specialties
Domestic Violence, Litigation, Personal Injury, Insurance, Business
Education
University of Virginia School of Law,University of Virginia
State Licensing
Virginia

Alan Fletcher Garrison
(540) 885-1517
25 N. Central Ave
Staunton, VA
Specialties
Estate Planning, Trusts, Real Estate, Corporate
Education
Washington and Lee University School of Law,Hampden-Sydney College
State Licensing
Virginia

Jessica Lynn Robinson
(540) 885-0346
12 North New Street, Post Office Box 1287
Staunton, VA
Specialties
Domestic Violence, Real Estate, Adoption, Business, Wills
Education
Washington and Lee University School of Law,Juniata College
State Licensing
Virginia

Cheryl Lynn Lawson
(540) 946-4420
129 North Wayne Avenue, P.O. Drawer 1140
Waynesboro, VA
Specialties
Family, Criminal Defense, Litigation, Business, Estate Planning
Education
University of Virginia School of Law,Rhodes College,Yale University
State Licensing
Virginia

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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