Corporate Attorneys Westerly RI

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 Westerly, RI that can help answer your questions about Corporate Attorneys.

Thomas Angell Hatfield
(860) 536-4310
31 Water St
Mystic, CT
Specialties
Business
Education
Pepperdine Univ SOL,Texas A & M Univ
State Licensing
California

W. Walton Jay
(860) 405-1913
63 Leafwood Lane Suite 264
Groton, CT
Specialties
Business Law
Education
Law School : University of Chicago


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Kevin W Conway
(860) 447-3171
38 HUNTINGTON STREET PO BOX 1351
NEW LONDON, CT
Specialties
Estate Planning, Probate, Real Estate, Business, Land Use & Zoning
Education
University of Connecticut School of Law
State Licensing
Connecticut

Kenneth A Leary
(860) 444-6843
165 State Street, Suite 405
New London, CT
Specialties
Family, Personal Injury, Commercial
State Licensing
Connecticut

Morris James Busca
(860) 447-3222
300 State Street, Suite 315-316
New London, CT
Specialties
Employment, Arbitration, Business
Education
Massachusetts School of Law at Andover,University of Connecticut,University of Massachusetts, Amhers
State Licensing
Connecticut, Massachusetts

Lori N Bartinik
(860) 445-8521
100 FORT HILL RD CENTURY PROFESSIONAL CENTER
GROTON, CT
Specialties
General Practice, Employment, Business, Personal Injury, Lawsuits & Disputes
Education
St. Mary's College,Catholic University of America, Columbus School of Law
State Licensing
Connecticut

Bethany Forcucci Haslam
O'Malley Riley & S, Pc, 43 Broad St, Pobox 58
New London, CT
Specialties
Elder Law, Business, Estate Planning
State Licensing
Connecticut

Thomas W Boyce JR
(860) 442-9900
216 BROAD STREET PO BOX 391
NEW LONDON, CT
Specialties
Personal Injury, Defective & Dangerous Products, Business, Employment, Wrongful Termination
Education
Brooklyn Law School,Providence College
State Licensing
Connecticut

Eric William Callahan
(860) 442-4416
2 Union Plaza Ste 200, Po Box 1591
New London, CT
Specialties
Business, Family, Elder Law
State Licensing
Connecticut

Lawrence J Greenberg
(860) 442-4416
2 Union Plaza, Suite 200, P.O. Box 1591
New London, CT
Specialties
Business, Family, Estate Planning
State Licensing
Connecticut

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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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