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

Keith M. Nathanson
(248) 436-4833
2745 Pontiac Lake Rd
Waterford, MI
Specialties
Debt Collection, Chapter 7, Chapter 13, Bankruptcy, Real Estate, Business, Appeals
Education
University of Michigan - Ann Arbor,Detroit College of Law
State Licensing
Michigan

Parvin C. Lee Jr.
1090 W HURON ST
WATERFORD, MI
Specialties
Commercial, Litigation, Environmental, Corporate, Employment
Education
Wayne State University Law School,Western Michigan University,Western Michigan University
State Licensing
Michigan

Jennifer C. Hill
1090 W HURON ST
WATERFORD, MI
Specialties
State, Local And Municipal Law, Real Estate, Commercial, Bankruptcy, Criminal Defense
Education
Michigan State University College of Law,Michigan State University, James Madison College
State Licensing
Michigan

Rae Anderson Bullard
6060 DIXIE HWY STE H
CLARKSTON, MI
Specialties
Real Estate, Estate Planning, Probate, Business, Litigation
Education
Wayne State University Law School,Michigan State University
State Licensing
Michigan

Carl G. Karlstrom
5840 LORAC DR
CLARKSTON, MI
Specialties
Business, Corporate, Criminal Defense, Divorce, Family
State Licensing
Michigan

J. Timothy Patterson
1090 W HURON ST
WATERFORD, MI
Specialties
Commercial, Litigation, Personal Injury, Real Estate
Education
Wayne State University Law School,Albion College; Michigan State University,
State Licensing
Michigan

David J. Lee
1090 W HURON ST
WATERFORD, MI
Specialties
Commercial, Litigation, Divorce, Civil Rights, Construction
Education
Wayne State University Law School,Troy State University
State Licensing
Michigan

Robert L. Sharbaugh
5840 LORAC DR
CLARKSTON, MI
Specialties
Business, Corporate, Criminal Defense, Divorce, Family
State Licensing
Michigan

Kathryn M. Caruso
5840 LORAC DR
CLARKSTON, MI
Specialties
Business, Corporate, Criminal Defense, Divorce, Family
State Licensing
Michigan

Peter M. Keenan
5840 LORAC DR
CLARKSTON, MI
Specialties
Business, Corporate, Criminal Defense, Divorce, Family
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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