When deciding on the best business structure, one option is a C corporation. There are pros and cons to doing business this way. For example, a C corporation allows a business to be taxed separately from you as the owner. The corporate tax rate is currently 21%, which is lower than the highest 37% noncorporate tax rate. One potential disadvantage: Earnings can be subject to double tax, once at the corporate level and again when distributed to you. One big advantage is the liability protection a C corporation offers. Shareholders aren’t personally liable for the corporation’s debts and liabilities. So personal assets are generally protected if the corporation faces legal issues or bankruptcy. https://lnkd.in/gGYpbRg3
Merline & Meacham, P.A.
律师事务所
Greenville，South Carolina 214 位关注者
The firm’s practice concentrates on tax, estate planning, trusts and estates, corporate and business transactional law.
关于我们
Established in 1970, Merline & Meacham, P.A. has offices located in Greenville, SC and Columbia, SC. Currently, the firm has twelve attorneys, each of whom possess a Master of Laws (LL.M.) in Taxation. Merline & Meacham, P.A. practices in the following areas of law: Estate Planning, Probate and Trust Law, Corporations, Partnerships and Limited Liability Companies, Business Sales, Mergers and Acquisitions, Contracts, Non-Compete Agreements, Confidentiality Agreements, Employment Agreements, Leases and Shareholder Agreements, Employee Benefits including ERISA, Qualified Retirement Plans and Non-Qualified Deferred Compensation Plans, Non-Profit Law and Tax-Exempt Organizations, Representation before the Internal Revenue Service and the SC Department of Revenue and Taxation, Tax Litigation and Taxation. Several of the attorneys have been selected for inclusion in The Best Lawyers in America© 2025 and are Certified Specialists in the fields of Taxation Law and Estate Planning and Probate Law by the Supreme Court of SC. * DISCLAIMER * This page contains information of general interest about Merline & Meacham, P.A. The contents on this page is made available by a lawyer/law firm or legal publisher and are not intended to be legal advice. The reader understands that using the information provided on this page does not constitute an attorney client relationship between the reader and the attorneys or law firm. Your review of these materials, therefore, is not intended to create, and receipt of it does not constitute, an attorney client relationship. Internet subscribers and on-line readers should not act upon the information contained on this page without seeking professional counsel in their jurisdiction. Merline & Meacham, P.A. assumes no liability or responsibility for any errors or omissions in the content of this page. Please do not send us confidential information via e-mail without first obtaining permission to do so from one of our attorneys.
- 网站
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http://www.merlineandmeacham.com
Merline & Meacham, P.A.的外部链接
- 所属行业
- 律师事务所
- 规模
- 11-50 人
- 总部
- Greenville，South Carolina
- 类型
- 私人持股
- 创立
- 1970
- 领域
- Business Sales, Mergers, Acquisitions, Contracts, Non-Compete Agreements, Confidentiality Agreements, Employee Agreements, Leases, Shareholder Agreements, Corporations, Partnerships, Limited Liability Companies, ERISA, Employee Benefits, Estate Planning, Probate, Trust Law, Non-Profit Law, Tax-Exempt Organizations, Professional Associations, Professional Corporations, Qualified Retirement Plans, Non-Qualified Deferred Compensation Plans, Representation before the Internal Revenue Service and the South Carolina Department of Revenue and Taxation, Tax and ERISA Litigation, Taxation.
地点
Merline & Meacham, P.A.员工
动态
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Podcast: How Typical Trust Agreement Clauses Can Get Turned Around in the Real World https://lnkd.in/emaUJDXE
How Typical Trust Agreement Clauses Can Get Turned Around in the Real World
https://actecfoundation.org
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In many respects, estate planning for single parents is similar to that of families with two parents. However, when only one parent is involved, certain aspects of an estate plan demand special attention. For example, it’s essential for your estate plan to include a living will, advance directive or health care power of attorney. These documents specify your health care preferences in the event you become incapacitated and designate someone to make medical decisions on your behalf. You should also have a revocable living trust or durable power of attorney that provides for your finances to be managed in the event you’re unable to do so. If you’ve recently become a single parent, contact us. https://lnkd.in/gcdNGm9A
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Did you know that if a trust is subject to high state income taxes you may be able to change its residence (or “situs”) to a state with low or no income taxes. Relocating a trust may offer a tax advantage if the trust is an irrevocable, nongrantor trust, accumulates (rather than distributes) substantial amounts of ordinary income or capital gains, and can be moved to a state with low or no taxes on accumulated trust income. There may be other advantages to moving a trust. For example, the laws in some states allow you or the trustee to obtain greater protection against creditor claims, reduce the trust’s administrative expenses or create a “dynasty” trust. Contact us with questions. https://lnkd.in/ggjUwAWE
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An advance health care directive allows you to communicate your preferences, in advance, for medical care in the event you’re incapacitated. Comparable to a durable power of attorney that gives an “agent” authority to handle your financial affairs if you’re incapacitated, a health care power of attorney enables another person to make health care decisions for you. Often part of a comprehensive estate plan, this directive can go by different legal names depending on your jurisdiction. For example, in some states it’s called a health care proxy. Choosing your agent is critical. He or she should be a person who knows you well and understands your general outlook. https://lnkd.in/gBSwAmED Boost Comment
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On January 17, 2025, Merline and Meacham, P.A. attorney Andrew Merline presented ‘Hot Topics in Estate Planning and Probate’ at the South Carolina Bar Convention in Charleston, SC. Mr. Merline also generously donated a bottle of Blanton's Bourbon, on behalf of the firm, for the Probate & Estate Planning Section CLE.
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Podcast: Combatting Elder Financial Abuse https://lnkd.in/eYjm8Nqh
Podcast: Combatting Elder Financial Abuse - Merline & Meacham, PA
https://www.merlineandmeacham.com
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Podcast: Supreme Court Rulings Alter the Future of Tax Regulations https://lnkd.in/gtS7Qfd7