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

Robert Francis Quinn
440 W BOUGHTON RD
BOLINGBROOK, IL
Specialties
Residential, Commercial, Real Estate, Business, Wills
Education
John Marshall Law School, Chicago,University of Illinois, Chicago
State Licensing
Illinois

Mazyar Malek Hedayat
(630) 378-2200
425 Quadrangle Drive Suite 101
Bolingbrook, IL
Specialties
Bankruptcy, Business, Divorce, Litigation
Education
DePaul University College of Law,Cranbrook School,University of Chicago,University of Michigan, Ann
State Licensing
Illinois

Michael Kraft
(630) 505-4119
4343 Commerce Court #415
Lisle, IL
Specialties
Business Law
Education
Law School : John Marshall


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Elizabeth Bruer
(312) 923-8278
2525 CABOT DR STE 204
LISLE, IL
Specialties
Medical Malpractice, Defective & Dangerous Products, Commercial
Education
Loyola University Chicago School of Law,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Kirk Anson Hoopingarner
(312) 201-2625
2300 CABOT DR STE 455
LISLE, IL
Specialties
Business, Public Finance, Tax, Trusts
Education
Hope College,University of Michigan, Ann Arbor
State Licensing
Illinois

Reynar Meadowcroft Jr.
440 W BOUGHTON RD
BOLINGBROOK, IL
Specialties
Residential, Commercial, Real Estate
Education
Case Western Reserve University,DePauw University
State Licensing
Illinois

Kevin M. Coyne
(630) 953-9570
2 Trans Am Plaza Drive Suite 200
Oakbrook Terrace, IL
Specialties
Residential, Commercial, Estate Planning, Probate, Landlord & Tenant
Education
DePaul University,University of Iowa
State Licensing
Illinois

Brian W. Bell
(312) 321-8424
2525 CABOT DR STE 204
LISLE, IL
Specialties
Commercial, Intellectual Property, Defective & Dangerous Products, Ethics
Education
Indiana University-Indianapolis,Indiana University
State Licensing
Illinois

Michael Joseph Castellino
2300 CABOT DR STE 455
LISLE, IL
Specialties
Business, Government, Land Use & Zoning, Administrative Law
Education
Notre Dame Law School,Notre Dame Law School,University of Notre Dame,University of Notre Dame
State Licensing
Illinois

Alison B. Crane
(312) 222-8583
2525 CABOT DR STE 204
LISLE, IL
Specialties
Medical Malpractice, Ethics, Defective & Dangerous Products, Commercial
Education
Valparaiso University School of Law,University of Wisconsin–Madison
State Licensing
Illinois

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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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