Corporate Attorneys Alton IL

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 Alton, IL that can help answer your questions about Corporate Attorneys.

William H. Hoagland
401 MARKET ST
ALTON, IL
Specialties
Insurance, Discrimination, Personal Injury, Corporate
Education
University of Illinois, Urbana-Champaign,University of Michigan, Ann Arbor
State Licensing
Illinois

Julie Noelle Harper
(618) 462-5299
612 BELLE ST STE 101
ALTON, IL
Specialties
Speeding Ticket, DUI, Estate Planning, Family, Real Estate, Contracts, Corporate, General Practice, Personal Injury
Education
Saint Louis University School of Law
State Licensing
Illinois, Missouri

Tammy M. Julian
1310 DADRIAN PROFESSIONAL PARK
GODFREY, IL
Specialties
Business, Commercial, Real Estate, Contracts
Education
Saint Louis University School of Law,Southern Illinois University
State Licensing
Illinois

Katharine Wark
707 BERKSHIRE BLVD
EAST ALTON, IL
Specialties
Business, Commercial, Copyright Application, Intellectual Property, Patent Application
Education
Saint Louis University's School of Law,Washington University in St. Louis
State Licensing
Illinois

Emily J Kirk
707 BERKSHIRE BLVD
EAST ALTON, IL
Specialties
Business, Commercial
Education
Washington University School of Law,Southeast Missouri State University
State Licensing
Illinois

Lee W. Barron
(618) 462-9160
305 STATE ST
ALTON, IL
Specialties
Employment, Business
Education
The Principia College,Washington University in St. Louis
State Licensing
Illinois

Leslie A.. Wood
2520 STATE ST
ALTON, IL
Specialties
Real Estate, Wills, Estate Planning, Corporate, Family
Education
Southern Illinois University, Carbondale,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Merle Clyde Bassett
(618) 216-5217
16 W. Lorena Ave.
Wood River, IL
Specialties
Business, Litigation, Real Estate
State Licensing
Illinois

Stephen C Smith
707 BERKSHIRE BLVD
EAST ALTON, IL
Specialties
Business, Commercial, Copyright Application, Intellectual Property, Patent Application
State Licensing
Illinois

Jo Anna Pollock
707 BERKSHIRE BLVD
EAST ALTON, IL
Specialties
Brain Injury, Commercial, Copyright Application, Intellectual Property, Patent Application
Education
Saint Louis University School of Law,Lindenwood University
State Licensing
Illinois

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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