Corporate Attorneys Elkhart IN

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 Elkhart, IN that can help answer your questions about Corporate Attorneys.

Paul Dean Eash
(574) 522-7580
306 West High Street
Elkhart, IN
Specialties
Business, Estate Planning, Elder Law, Real Estate
Education
Indiana University School of Law, Indianapolis,Ball State University
State Licensing
Indiana

Dean E. Leazenby
(574) 294-7491
121 W FRANKLIN ST STE 400
ELKHART, IN
Specialties
Business, Corporate, Employment
Education
Purdue University,Indiana University School of Law
State Licensing
Michigan

James Lee McCaslin
(574) 293-6033
228 W HIGH ST
ELKHART, IN
Specialties
Estate Planning, Family, Personal Injury, Business, Lawsuits & Disputes
Education
Indiana University,Indiana University School of Law
State Licensing
Indiana

Michael Arthur Trippel
(574) 256-5660
228 West High Street
Elkhart, IN
Specialties
Business, Corporate, Real Estate, Banking
Education
Valparaiso University School of Law,Indiana University
State Licensing
Indiana

Tamara L. Renner
217 S. 4th Street
Elkhart, IN
Specialties
Bankruptcy, Employment, Family, Car Accident, Corporate
Education
Notre Dame Law School
State Licensing
Indiana

James Raymond Byron
(574) 294-7473
228 West High Street
Indianapolis, IN
Specialties
Business, Estate Planning, Litigation
Education
Purdue University,Indiana University School of Law
State Licensing
Indiana

Michael Kevin Banik
(574) 293-7170
217 S 4TH ST
ELKHART, IN
Specialties
Bankruptcy, Employment, Car Accident, Corporate, Family
Education
Notre Dame Law School
State Licensing
Indiana

William D. Haut
(574) 294-7491
121 W FRANKLIN ST STE 400
ELKHART, IN
Specialties
Business, Corporate, Education
Education
Washburn University School of Law,Purdue University
State Licensing
Michigan

James V. Woodsmall
(574) 294-7491
121 W FRANKLIN ST STE 400
ELKHART, IN
Specialties
Corporate, Environmental, Mergers & Acquisitions
Education
Northwestern University School of Law,Northwestern University
State Licensing
Michigan

Anne Lauren Eisele
(574) 294-7491
121 W Franklin St Ste 400
Elkhart, IN
Specialties
Employment, Commercial, Litigation
State Licensing
Michigan

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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