Corporate Attorneys Westland MI

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 Westland, MI that can help answer your questions about Corporate Attorneys.

Paul P. Asker
(248) 419-5400
35551 FORD RD
WESTLAND, MI
Specialties
Business, Contracts, Real Estate, Employment, Commercial, Mergers & Acquisitions, Franchising, Litigation, Health Care, Intellectual Property, Venture Capital, Appeals
Education
Wayne State University,University of Michigan,London School of Economics
State Licensing
California, Michigan

Gary E. Perlmuter
(248) 538-6325
35551 FORD RD
WESTLAND, MI
Specialties
Real Estate, Contracts, Construction, Business, Intellectual Property
Education
Wayne State University Law School,University of Michigan, Ann Arbor
State Licensing
Michigan

Linda D. Friedland
33900 SCHOOLCRAFT RD
LIVONIA, MI
Specialties
Commercial, Business, Bankruptcy, Trusts, Probate
Education
Michigan State University,University of Detroit Mercy
State Licensing
Michigan

Eileen K. Husband
33900 SCHOOLCRAFT RD
LIVONIA, MI
Specialties
Employment, Franchising, Commercial, Gaming
Education
University of Michigan, Ann Arbor,Detroit College of Law
State Licensing
Michigan

Owen J. Cummings
33900 SCHOOLCRAFT RD
LIVONIA, MI
Specialties
Corporate, State, Local And Municipal Law, Litigation, Insurance
Education
Detroit College of Law,Detroit College of Law,University of Detroit,University of Detroit
State Licensing
Michigan

Charles E. Clos
(734) 326-2101
(ODD Range 35401 - 35599) FORD RD
WESTLAND, MI
Specialties
Litigation, Corporate, Administrative Law, Family, Child Custody
Education
Eastern Michigan University,Detroit College of Law
State Licensing
Michigan

Ronald T. Berry
(517) 648-7916
33900 SCHOOLCRAFT RD
LIVONIA, MI
Specialties
Debt Collection, Corporate, Commercial, Real Estate, Criminal Defense, Family, Estate Planning, Business
Education
Michigan State University College of Law,Methodist University,Methodist University
State Licensing
Michigan

Gregory A. Roberts
33900 SCHOOLCRAFT RD
LIVONIA, MI
Specialties
Employment, Personal Injury, Transportation, Business, Litigation
Education
Eastern Michigan University,Detroit College of Law
State Licensing
Michigan

Gregory L. Ulrich
33900 SCHOOLCRAFT RD
LIVONIA, MI
Specialties
Real Estate, Government, Employment, Lawsuits & Disputes, Business
Education
University of Detroit Mercy School of Law,University of Detroit,University of Detroit,University of
State Licensing
Michigan

John G. Colucci
(313) 261-1111
10811 Farmington Rd
Livonia, MI
Specialties
Commercial
Education
Case Western Reserve Universit
State Licensing
Michigan, Texas

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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