Corporate Attorneys Westfield MA

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 Westfield, MA that can help answer your questions about Corporate Attorneys.

Eric D Kornblum
(413) 568-3900
68 COURT ST
WESTFIELD, MA
Specialties
Bankruptcy, Business, Commercial, Debt Collection, Real Estate
Education
Western New England College School of Law,State University of New York, Binghamton
State Licensing
Massachusetts

David M Murphy
(413) 562-1281
82 BROAD ST STE 103
WESTFIELD, MA
Specialties
Business, Personal Injury, Estate Planning, Litigation
Education
Western New England College School of Law,Westfield State College (Westfield)
State Licensing
Massachusetts

Kimberly L. Stevens
(413) 306-6030
82 MAIN ST STE 4
WEST SPRINGFIELD, MA
Specialties
Fraud, Business, Employment, State, Local And Municipal Law, Real Estate
Education
Western New England College School of Law,Weber State University
State Licensing
Massachusetts

Robert C Sacco
(413) 536-4000
14 BOBALA RD
HOLYOKE, MA
Specialties
Business, Employment, Estate Planning, Criminal Defense
Education
Western New England College School of Law,Boston College
State Licensing
Massachusetts

William D Fitzpatrick
(413) 536-4000
14 BOBALA RD
HOLYOKE, MA
Specialties
Corporate, Estate Planning, Real Estate, Tax
Education
Harvard University Law School,Harvard College
State Licensing
Massachusetts

Edward M Lee
(413) 568-2345
70 COURT ST STE 1B
WESTFIELD, MA
Specialties
Personal Injury, Estate Planning, Business
Education
Boston College Law School
State Licensing
Massachusetts

Philip R Smith
(413) 562-6611
9 CHAPEL ST
WESTFIELD, MA
Specialties
Financial Markets And Services, Business, Corporate, Real Estate, Land Use & Zoning
Education
Boston University School of Law,New England School of Law,University of New Hampshire
State Licensing
Massachusetts

Michael J Lukakis
(413) 536-7990
850 HIGH ST
HOLYOKE, MA
Specialties
Personal Injury, Medical Malpractice, Workers Compensation, Defective & Dangerous Products, Corporate
Education
New York University School of Law,Suffolk University Law School,University of Massachusetts
State Licensing
Massachusetts

Michael S. Gove
(413) 536-4000
14 BOBALA RD
HOLYOKE, MA
Specialties
Business, Employment, Estate Planning, Landlord & Tenant, Land Use & Zoning
Education
Boston College Law School,University of Massachusetts, Amherst
State Licensing
Massachusetts

John J Ferriter
(413) 535-4200
150 LOWER WESTFIELD RD
HOLYOKE, MA
Specialties
Business, State, Local And Municipal Law, Employment, Real Estate, Estate Planning
Education
Western New England College School of Law,College of the Holy Cross
State Licensing
Massachusetts

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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