Corporate Attorneys Westerville OH

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 Westerville, OH that can help answer your questions about Corporate Attorneys.

Lisa Dawn Moore
140 COMMERCE PARK DR
WESTERVILLE, OH
Specialties
Fraud, Business, Estate Planning
Education
Capital University,Ohio State University, Columbus
State Licensing
Ohio

David Scott Baker
(614) 839-1052
79 S. State St., Ste D6
Westerville, OH
Specialties
Business, Estate Planning, Tax, Real Estate, Entertainment
Education
University of Akron,Bob Jones University
State Licensing
Ohio

David Glenn Bale
140 COMMERCE PARK DR
WESTERVILLE, OH
Specialties
Estate Planning, Trusts, Tax, Business
Education
Capital University,Cleveland State University,Wright State University
State Licensing
Ohio

Michael James Barren
(888) 389-9397
110 POLARIS PKWY STE 302
WESTERVILLE, OH
Specialties
Debt Collection, Commercial, Bankruptcy
Education
Ohio State University, Columbus,Princeton University
State Licensing
Ohio

Julie Katherine Phillips
(614) 824-6200
28 Westerview Drive
Westerville, OH
Specialties
Business, Employment, Real Estate
Education
The Ohio State University Moritz College of Law,The Ohio University
State Licensing
Ohio

Bryan Lee Jeffries
79 S STATE ST STE D6
WESTERVILLE, OH
Specialties
Construction, Corporate, Business, Commercial
Education
Capital University,Miami University of Ohio,Miami University of Ohio
State Licensing
Ohio

Dain Cunningham Akin
100 DORCHESTER SQ STE 202
WESTERVILLE, OH
Specialties
Estate Planning, Probate, Bankruptcy, Business, Commercial
Education
Ohio Northern University - Claude W. Pettit College of Law
State Licensing
Florida, Ohio

Kenneth Lee Sheppard Jr.
(614) 523-3106
450 ALKYRE RUN STE 330
WESTERVILLE, OH
Specialties
Tax, Estate Planning, Probate, Business, Debt Collection
Education
Ohio Northern University - Claude W. Pettit College of Law,University of Denver Sturm College of Law
State Licensing
Ohio

James G Flaherty
(614) 794-9595
616 OFFICE PKWY
WESTERVILLE, OH
Specialties
Estate Planning, Corporate, Business, Real Estate
Education
Miami University of Ohio,University of Dayton,University of Dayton
State Licensing
Ohio

Sherrille Diane Akin
(614) 898-9900
51 DORCHESTER SQUARE LN
WESTERVILLE, OH
Specialties
Estate Planning, Probate, Business
Education
Stetson University College of Law,University of Florida, Fredric G. Levin College of Law,Stetson Uni
State Licensing
Florida, Ohio

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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