Corporate Attorneys Waterville ME

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 Waterville, ME that can help answer your questions about Corporate Attorneys.

David E Bernier
(207) 873-0186
PO Box 708
Waterville, ME
Specialties
Business, Elder Law, Probate, Litigation
Education
St. Louis University Law School,Colby College,Villanova University
State Licensing
Maine

Timothy R. O'Donnell
(207) 872-0112
112 Silver Street
Waterville, ME
Specialties
Business, Commercial
Education
Northeastern University School of Law,College of the Holy Cross
State Licensing
Maine

J William Batten
(207) 873-0781
One Center Street
Waterville, ME
Specialties
Bankruptcy, Litigation, Personal Injury, Corporate, Social Security
Education
Washington & Lee University School of Law,Olivet College
State Licensing
Maine

Daniel W Marra
(207) 873-0186
PO Box 708
Waterville, ME
Specialties
Family, Litigation, Business, Real Estate
Education
University of Maine School of Law,Colby College
State Licensing
Maine

Daniel J Bernier
(207) 877-8969
179 Main Street, Suite 304
Waterville, ME
Specialties
Contracts, Corporate, Debt Collection, Estate Planning, Elder Law, Insurance, Landlord & Tenant, LLC, Probate, Real Estate
State Licensing
Maine

Thomas B McCowan
(207) 872-0112
112 SILVER ST
WATERVILLE, ME
Specialties
Business, Litigation
Education
University of Arizona College of Law,University of Arizona
State Licensing
Arizona, Maine

Tobi L. Schneider
(207) 873-7755
49 Silver Street
Waterville, ME
Specialties
Corporate, Family
State Licensing
Maine

William P Dubord
(207) 873-0186
PO Box 708
Waterville, ME
Specialties
Tax, Probate, Real Estate, Estate Planning, Corporate
Education
University of Maine School of Law,College of the Holy Cross
State Licensing
Maine

Ronald A Ducharme
(207) 873-7771
PO Box 376
Waterville, ME
Specialties
Workers Compensation, Insurance, Business, Elder Law, Social Security
Education
California Western School of Law,University of Notre Dame
State Licensing
Maine

James M. LaLiberty
(207) 873-1173
45 Silver Street
Waterville, ME
Specialties
Business, Debt Collection, Personal Injury
Education
University of Maine School of Law,Wesleyan University
State Licensing
Maine

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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