Corporate Tax in Cartersville, Georgia

Find the right Corporate Tax attorney in Cartersville, GA

Corporate Tax Lawyers in Cartersville

In Cartersville, Georgia, a "corporation" is defined as a legal entity that's separate from its owners. So, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This concept is referred to as "corporate personhood" in Georgia, and it essentially means that, for many purposes under the law, corporations are treated the same as individual people, being subject to many of the same rights and responsibilities.

An noticeable example of this concept is a corporation's obligation to pay income taxes similar to how an actual person would.

Corporate Tax Rate in Cartersville, Georgia

Every corporation in the United States is required to pay federal income tax. Most states also have a corporate income tax, which corporations doing business in Cartersville, Georgia are required to pay.

Under the federal tax system, and the tax laws of some states, corporate income is taxed at a different rate from the income of individuals. For example, the top federal income tax rate for corporations is 35%, compared with 33% for individuals. The highest tax rate applies to corporations making more than .3 million per year. The lowest corporate tax rate is 15%, applying to those corporations that make less than ,000 per year.

There's also a good chance that the tax rate applicable to corporations in Georgia differ from the individual tax rates. Some states feel that the best economic policy is to attract as many businesses as they can. So, in some states, the corporate tax rate is lower than the individual tax rate.

Whatever their legal tax rate, all corporations in Cartersville, Georgia are required to comply with state and federal income tax laws. Failure to pay income tax can be punished by massive fines, which can sometimes prove financially ruinous.

How Can a Cartersville, Georgia Corporate Tax Lawyer Help?

Most larger corporations have lawyers and accountants who ensure that they are in full compliance with both state and federal tax law.

As most business owners know, however, the majority of small Cartersville corporations can't afford to have attorneys on staff full time. So, if you run a small corporation, and are confused about the corporate tax issues that may affect you, it's a very good idea to retain the services of a Cartersville, Georgia tax attorney immediately.

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Life in Cartersville

Cartersville, Georgia is a community located in Bartow County. After the 2000 census, its population was just under 30,000 people. A 2005 Census Bureau estimate placed its population at over 41,000, indicating very rapid growth.

Located about an hour's drive north of Atlanta, Cartersville is a popular place to live for families who want a quiet, safe place to raise children, but have at least one family member who works in the much larger city of Atlanta.

With an attractive historic downtown area, a community theater which performs in an historic venue, several art museums, and a fairly high median income,Cartersville, Georgia is considered a very good place to raise a family.

Cartersville is steeped in history, and one of the major points of historical interest is the Etowah Indian Mounds, a major archeological site. The mounds were built over 1,000 years ago, and artifacts from several different tribes are still being found in the area.

Given the rapid growth that the city of Cartersville has seen, and its various points of interest, it's no surprise that Cartersville, Georgia lawyers tend to be equipped to handle a wide variety of legal problems. Whatever legal issue an individual is likely to face, chances are good that a Cartersville, Georgia lawyer can help.

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