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

Paul Stephen Motin
(763) 241-9400
327 MAIN ST NW
ELK RIVER, MN
Specialties
Estate Planning, Probate, Real Estate, Tax, Business
Education
William Mitchell College of Law,William Mitchell College of Law,Winona State University
State Licensing
Minnesota

Jeffery John Jensen
(763) 441-5436
BOX 467 647 MAIN ST NW
ELK RIVER, MN
Specialties
Criminal Defense, Business, Family, Divorce, DUI
State Licensing
Minnesota

Jill Marie Presseller
(763) 497-3099
12725 43rd St Ne Ste 201
St. Michael, MN
Specialties
Business, Real Estate, Commercial
State Licensing
Minnesota

Nathan James Allen
(763) 497-3099
12725 Ne 43rd St #201
St Michael, MN
Specialties
Business, Banking, Contracts, Corporate, Commercial
State Licensing
Minnesota, Wisconsin

Gregory V Smith
(763) 295-2107
201 W SEVENTH STREET PO BOX 668
MONTICELLO, MN
Specialties
Real Estate, Estate Planning, Probate, Business, Mediation
Education
William Mitchell College of Law,University of Saint Thomas
State Licensing
Minnesota

James Arthur Bumgardner
(763) 441-7040
812 MAIN ST NW
ELK RIVER, MN
Specialties
Business, Contracts, Construction, Real Estate, Litigation
Education
University of Minnesota Law School,Saint John's University
State Licensing
Minnesota

Ronald G Black
(763) 441-7040
812 MAIN ST NW
ELK RIVER, MN
Specialties
General Practice, Divorce, Real Estate, Contracts, Business
Education
William Mitchell College of Law,St Cloud State University,St Cloud State University
State Licensing
Minnesota

David J Lenhardt
(763) 497-3099
12725 Ne 43rd St #201
St Michael, MN
Specialties
Business, Real Estate, Litigation
State Licensing
Minnesota

Duwane Buckley Snyder
(763) 295-2107
201 W SEVENTH STREET PO BOX 668
MONTICELLO, MN
Specialties
Construction, Real Estate, Probate, Business, Elder Law
Education
Hamline University School of Law,Upper Iowa University
State Licensing
Minnesota

Steven M Graffunder
(763) 560-5700
6900 WEDGWOOD RD N STE 200
MAPLE GROVE, MN
Specialties
Real Estate, Commercial, Residential, Banking, Construction
Education
Hamline University School of Law,University of Minnesota, Twin Cities
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