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

Mark Daniel Pilon
(218) 722-4766
130 W Superior St #1000
Duluth, MN
Specialties
Business, Commercial
Education
U Of Minnesota
State Licensing
Minnesota, Wisconsin

Gerald A Pommerville
(218) 727-8451
202 W SUPERIOR ST STE 200
DULUTH, MN
Specialties
Family, Estate Planning, Real Estate, Business, Wills
Education
University of Minnesota Law School,University of Minnesota, Duluth
State Licensing
Minnesota

Charles Alan Logsdon
(218) 722-0073
302 W Superior St #800
Duluth, MN
Specialties
Litigation, Commercial, Personal Injury
State Licensing
Minnesota

Christopher Ames Dahlberg
130 W Superior St, Ste 710
Duluth, MN
Specialties
Business, Antitrust, International Law, Estate Planning, Family
Education
University of Minnesota Law School,University of Minnesota, Duluth,University of Minnesota, Twin Cit
State Licensing
Minnesota

Anna Catherine Mickelson
(218) 722-4766
130 W SUPERIOR ST STE 1000
DULUTH, MN
Specialties
Estate Planning, Real Estate, Business
Education
University of Wisconsin Law School,University of Minnesota, Duluth
State Licensing
Minnesota

Matthew Raymond Thibodeau
(218) 722-0073
302 W Superior St #800
Duluth, MN
Specialties
Commercial
State Licensing
Minnesota

Tara Michelle Makinen
(218) 727-8451
202 W SUPERIOR ST STE 200
DULUTH, MN
Specialties
Appeals, Estate Planning, Family, Real Estate, Business
Education
William Mitchell College of Law,Saint Olaf College
State Licensing
Minnesota

Michael K Donovan
(218) 722-0861
302 W SUPERIOR ST STE 700
DULUTH, MN
Specialties
Business, Banking, Tax, Government, Construction
Education
University of Minnesota Law School,Middlebury College
State Licensing
Minnesota

Michael Sean Gerlach
(218) 722-2144
227 W 1ST ST STE 610
DULUTH, MN
Specialties
Estate Planning, Business, Bankruptcy, Employment
Education
University of North Dakota School of Law,Minnesota State University, Moorhead
State Licensing
Minnesota

James H. Stewart
(218) 722-0861
302 W Superior St #700
Duluth, MN
Specialties
Wills, Trusts, Estate Planning, Business, Probate
Education
U Of Minnesota
State Licensing
Minnesota, Wisconsin

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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Minnesota Antitrust Laws

Antitrust Code Section: Minnesota Antitrust Law of 1971: 325D.49, et seq.

Time Limit to Bring Claim: 4 yrs.

Is a Private Lawsuit Possible? Yes; attorney general also enforces

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com