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

Fadi Bader Rustom
(309) 699-4961
432 N MAIN ST FL 3
EAST PEORIA, IL
Specialties
Criminal Defense, Workers Compensation, Corporate, Real Estate, Personal Injury
State Licensing
Illinois

John Samuel Elias
(309) 637-6000
416 MAIN ST STE 1400
PEORIA, IL
Specialties
Banking, Financial Markets And Services, Business, Commercial, Estate Planning
Education
Harvard Law School, Cambridge, Massachusetts,New York University School of Law,Dartmouth College, Ha
State Licensing
Illinois

Kevin D. Schneider
411 HAMILTON BLVD SAVINGS CENTER TOWER
PEORIA, IL
Specialties
Banking, Bankruptcy, Commercial, Debt Collection, Debt Agreements
Education
Drake University Law School, Des Moines, Iowa,Bradley University
State Licensing
Illinois

Brian David Mooty
301 SW ADAMS ST STE 700
PEORIA, IL
Specialties
Real Estate, Government, Business
Education
Southern Illinois University School of Law,Eastern Illinois University, Charleston, Illinois
State Licensing
Illinois

James Paul Lefante
(309) 999-1111
411 Hamilton Boulevard Suite 1510
Peoria, IL
Specialties
Residential, Medical Malpractice, Trucking Accident, Personal Injury, Business
Education
John Marshall Law School, Chicago,Western Illinois University
State Licensing
Illinois, New York

James D. Broadway
(309) 676-1144
401 S.W. Water St., Suite 301
Peoria, IL
Specialties
Health Care, Business, Real Estate
Education
Southern Methodist University
State Licensing
Illinois, Texas

Steven B. Beshore
401 MAIN ST STE 1400
PEORIA, IL
Specialties
Business, Employment, Defective & Dangerous Products
Education
Saint Louis University School of Law,Saint Louis University
State Licensing
Illinois

Richard Neil Gentry Jr.
456 FULTON ST STE 425
PEORIA, IL
Specialties
Business, Banking, Commercial, Real Estate, Bankruptcy
Education
University of Illinois, Urbana-Champaign,University of Michigan
State Licensing
Illinois

Michael H. Wetmore
401 MAIN ST STE 1400
PEORIA, IL
Specialties
Environmental, Government, Business, Intellectual Property
Education
Stanford Law School,Indiana University,Indiana University
State Licensing
Illinois

Kenneth R. Heineman
401 MAIN ST STE 1400
PEORIA, IL
Specialties
Business, Intellectual Property, Defective & Dangerous Products, Franchising
Education
Washington University School of Law,University of Illinois, Urbana-Champaign
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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