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HOME EXPERIENCE COMMITMENT PHILANTHROPY TESTIMONIALS CONTACT US CALL US AT 1-866-TRUST- 99 |
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Contact us today at 1-866-TRUST-99 for a no cost attorney consultation |
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. Our goal is to provide outstanding client service at an affordable cost to you. . CORPORATIONS
There are many advantages to incorporating your business. The number one reason most people incorporate their business is to protect your personal assets. Incorporating helps to separate your personal assets from that of your business. |
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Top Practice Areas Bankruptcy Business Planning Estate Planning Family Law IRS Tax Debt Relief Loan Modification . . Experience & Commitment Experience About Cynthia About Greg . . Flahive Law Corporation financially supports many charitable organizations. Members of the firm also volunteer their time to support events with these organizations. We believe that as an active member of our society, its our duty to contribute to our community. . . Flahive Law Corporation has formed key strategic alliances with other companies that may be able to provide valuable services to you. . . Flahive Law Corporation’s Education Center allows you to access the information you need to research your legal questions to make informed decisions. With our education center, you find useful information related to estate planning, family law, bankruptcy, business planning, and IRS tax debt. .. . Press Releases and Blogs Gregory and Cynthia Flahive and their team of experienced attorneys have dedicated their practice to providing you outstanding legal representation. They frequently post information in the media to better educate you. Visit back often to check for updated information you need to know.
The firm is a proud member of the Better Business Bureau.
The firm is also a proud member of the American Bar Association
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A corporation is a legal entity that exists separately from you as an owner or shareholder. Typically, shareholders are not liable for the debts and obligations of the corporation whereas in a partnership or sole proprietorship, the creditors can sue for the owner's personal assets.
An S corporation does not pay corporate income tax since its income, deductions and credits are passed through to its shareholders. The shareholders of the S corporation include their share of the corporation's income, deduction, loss, and credit on their own income tax returns. |
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Corporations have opportunities to take full advantage of tax laws. The corporation is flexible and powerful for the owners of the corporation for taxable issues. The owners of a C corporation are able to set their salaries, determine how much income tax is payable at the corporate level and how much will be distributed to the employees, and shareholders. This flexibility may create a chance to decrease the overall tax liability for the corporation in a given year.
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