Corporate Attorneys West Point MS

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 West Point, MS that can help answer your questions about Corporate Attorneys.

Kerby Law Firm, L.L.C.
(662) 889-3733
722 College Street
Columbus, MS

Data Provided By:
Gillis , William F. - Nichols, Crowell,
(662) 243-7443
710 Main Street, 3rd Floor
Columbus, MS

Data Provided By:
Daniel L Singletary
(601) 351-2467
Caldwell & Berkowitz Pc, 4268 I 55 North
Jackson, MS
Specialties
Environmental, Real Estate, Business
State Licensing
DC

Robert Coffman Richardson
(601) 856-7200
Po Box 6020
Ridgeland, MS
Specialties
Employment, Business, General Practice
Education
UNIV MISSISSIPPI
State Licensing
Tennessee

Timothy J. Evans
(601) 255-5085
606 Adeline ST, STE 1A
Hattiesburg, MS
Specialties
Divorce, Chapter 7, Commercial, Personal Injury
Education
Mississippi College School of Law
State Licensing
Mississippi

Dunn , W. David - Dunn & Hemphill, P.A.
(662) 327-4211
214 5th Street South
Columbus, MS

Data Provided By:
Crowell , John W. - Nichols, Crowell, Gi
(662) 243-7443
710 Main Street, 3rd Floor
Columbus, MS

Data Provided By:
Carrie L. Garcia
(601) 758-0774
4856 Hwy 589
Sumrall, MS
Specialties
Personal Injury, Probate, Family, Debt Collection, Business
Education
Baylor University,Texas A&M University
State Licensing
Mississippi, Texas

Charles A. Omage
(228) 214-0403
1310 Twenty Fifth Avenue
Gulfport, MS
Specialties
Real Estate, Construction, Commercial
Education
Hofstra University
State Licensing
Georgia

Walt Dallas
(662) 234-2330
2086 Old Taylor Place
Oxford, MS
Specialties
Wills, Trusts & Estates, Business Law
Secondary Specialties
Charitable Trusts, Power of Attorney, Breach of Contract, Franchising, Corporations, Partnerships, Drafting Wills, Limited Liability Companies (LLCs), Living Trusts, Nonprofits & Tax-Exempt Corporations, Liquor Licenses, Living Wills, Non-Compete Contracts, Drafting Trusts, Contract Drafting & Review, Buying & Selling, Business Successions, Franchises, Contract Disputes, Charitable Giving, Public Offerings, Uniform Commercial Code, Directors' & Officers' Liability, Joint Ventures
Education
Juris Doctor, University of Mississippi, 1983
State Licensing
Mississippi

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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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