Corporate Attorneys Troy MI

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 Troy, MI that can help answer your questions about Corporate Attorneys.

Phillip G. Alber
(248) 822-6190
2301 W Big Beaver Rd Ste 300
Troy, MI
Specialties
Insurance, Commercial, Mediation
State Licensing
Michigan

Monica Renee Chmielewski
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Business, Health Care
Education
Franklin and Marshall College,Wayne State University
State Licensing
Michigan

Barry B. Sutton
1050 WILSHIRE DR STE 320
TROY, MI
Specialties
Litigation, Defective & Dangerous Products, Business, Insurance
Education
University of Florida,University of Florida
State Licensing
Michigan

Raymond T. Rowe
2855 COOLIDGE HWY STE 101A
TROY, MI
Specialties
Estate Planning, Corporate, Business, Probate, Tax
Education
Wayne State University,Wayne State University
State Licensing
Michigan

Barry L. King
101 W BIG BEAVER RD
TROY, MI
Specialties
Business, Corporate, Commercial, Litigation, Tax
Education
University of Michigan Law School,Marquette University
State Licensing
Michigan

Matthew S. Weaver
101 W BIG BEAVER RD
TROY, MI
Specialties
Business, Real Estate, Family
Education
Detroit College of Law,Southwest Texas State University
State Licensing
Michigan

Brian L. Nemes
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Tax, Estate Planning, Business, Mergers & Acquisitions, Financial Markets And Services
Education
Georgetown University Law Center,Michigan State University College of Law,Michigan State University
State Licensing
Michigan

Patrick Mclain
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Commercial, Employment, Ethics
Education
University of Michigan,University of Michigan
State Licensing
Michigan

Joseph F. Page III
101 W BIG BEAVER RD
TROY, MI
Specialties
Health Care, Corporate, Business
Education
University of Michigan Law School,Princeton University
State Licensing
Michigan

James R. Case
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Construction, Ethics, Commercial, Arbitration
Education
St. Johns University,Colgate University
State Licensing
Michigan

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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