Corporate Attorneys Chaska MN

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 Chaska, MN that can help answer your questions about Corporate Attorneys.

Joan Marie Boddicker
(952) 556-5200
207 N CHESTNUT ST STE 150
CHASKA, MN
Specialties
Business, Tax, Employee Benefits, Estate Planning, Health Care
Education
University of Iowa College of Law,University of Iowa
State Licensing
Minnesota

Katherine Cheolis Bloomquist
(952) 361-6027
100 East Second Street, Suite 200
Chaska, MN
Specialties
Animal Law, Contracts, Corporate, Estate Planning, Family, Litigation
Education
University of Oregon School of Law,University of Minnesota
State Licensing
Minnesota

Michael D. Schwartz
(952) 937-5655
455 Pond Promenade # 210, Po Box 219
Chanhassen, MN
Specialties
Business, Family, Criminal Defense, Litigation
Education
Creighton U
State Licensing
Minnesota, Wisconsin

David B Boyce
(952) 445-7270
525 1ST AVE E
SHAKOPEE, MN
Specialties
Criminal Defense, Family, Estate Planning, Business
Education
William Mitchell College of Law,Saint Olaf College
State Licensing
Minnesota

Marcia Jean S Rowland
(952) 975-9960
600 MARKET ST #240 PO BOX 623
CHANHASSEN, MN
Specialties
Family, Business, Criminal Defense
State Licensing
Minnesota

Jonathan William Lueck
(952) 448-3924
8750 County Road 43
Chaska, MN
Specialties
Business, Tax
State Licensing
Minnesota

Richard J Chadwick
(952) 975-9960
600 MARKET ST #240 PO BOX 623
CHANHASSEN, MN
Specialties
Family, Real Estate, Estate Planning, Probate, Business
State Licensing
Minnesota

Jay Allen Benson
(952) 949-8983
7955 Stone Creek Drive #10
Chanhassen, MN
Specialties
Estate Planning, Chapter 7, Real Estate, Corporate
Education
University of Minnesota Law School,University of St. Thomas
State Licensing
Minnesota

Ericka L. Obermeier
(952) 253-1406
470 W 78th St
Chanhassen, MN
Specialties
Family, Estate Planning, Business
Education
Hamline U
State Licensing
Minnesota, Wisconsin

Mark Eric Czuchry
(952) 443-4004
1750 Tower Blvd #209
Victoria, MN
Specialties
Estate Planning, Business, Elder Law
State Licensing
Minnesota

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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Local Events

UST Executive Conference on the Future of Health Care
Dates: 11/5/2020 – 11/5/2020
Location:
University of St.Thomas Saint Paul
View Details

UST Executive Conference on the Future of Health Care
Dates: 11/5/2020 – 11/5/2020
Location:
University of St.Thomas Saint Paul
View Details