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.

David J. Laidlaw
(248) 457-4545
200 E BIG BEAVER RD
TROY, MI
Specialties
Estate Planning, Corporate, Real Estate
Education
Thomas M. Cooley Law School,Kalamazoo College
State Licensing
Michigan

Sarah E. Kuchon
363 W BIG BEAVER RD STE 450
TROY, MI
Specialties
Personal Injury, Car Accident, Medical Malpractice, Business, Commercial
Education
University of Michigan, Flint,Michigan State University Detroit College of Law
State Licensing
Michigan

Joanne Geha Swanson
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Litigation, Appeals, Commercial, Antitrust, Class Action
Education
Wayne State University Law School,Michigan State University
State Licensing
Michigan

Patrick G. Seyferth
3001 W BIG BEAVER RD STE 600
TROY, MI
Specialties
Defective & Dangerous Products, Commercial
Education
University of Michigan Law School
State Licensing
Michigan

Michael D. Carroll
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Commercial, Construction, Contracts, Mediation, Arbitration
Education
University of Michigan Law School,University of Michigan
State Licensing
Michigan

Austin M. Hirschhorn
(248) 680-1660
101 W Big Beaver Rd Ste 1050
Troy, MI
Specialties
General Practice, Corporate, Chapter 7, Chapter 11, Family, Litigation
Education
Wayne State University Law School,Michigan State University
State Licensing
Michigan

Blair Douglas Hess
850 STEPHENSON HWY STE 405
TROY, MI
Specialties
Bankruptcy, Business, Corporate, LLC, Partnership
Education
University of Detroit Mercy School of Law,Michigan State University
State Licensing
Michigan

Michael Ryan Kennedy
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Corporate, Business, Tax, Mergers & Acquisitions, Franchising
Education
Georgetown University Law Center,Western New England College School of Law,University of Windsor
State Licensing
Michigan

Leah Anne Voigt Romano
(248) 457-7842
201 W BIG BEAVER RD COLUMBIA CENTER
TROY, MI
Specialties
Corporate, Government, Health Care
Education
Loyola Law School, Loyola Marymount University,Smith College,University of Michigan
State Licensing
Michigan

Trisha Marie Benson
(313) 465-7404
101 W BIG BEAVER RD
TROY, MI
Specialties
Contracts, Commercial, Employment
Education
Thomas M. Cooley Law School,Grand Valley State 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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