Corporate Attorneys Fargo ND

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 Fargo, ND that can help answer your questions about Corporate Attorneys.

Wayne W Carlson
(701) 499-2589
1900 44TH ST S
FARGO, ND
Specialties
Corporate
Education
University of Minnesota Law School,North Dakota State University
State Licensing
Minnesota, North Dakota

Jon E Strinden
(701) 271-8896
51 Broadway Ste 402
Fargo, ND
Specialties
Business, Tax, Appeals
State Licensing
Minnesota

Daniel Joseph Dunn
(701) 237-5297
1220 MAIN AV #105 PO BOX 2103
FARGO, ND
Specialties
Personal Injury, Business, Defective & Dangerous Products
Education
University of North Dakota School of Law,North Dakota State University
State Licensing
Minnesota

David James Eilertson
(701) 451-8342
4776 28th Av S
Fargo, ND
Specialties
Business, Litigation, Employment, Estate Planning, Real Estate
Education
University of North Dakota School of Law,Concordia College
State Licensing
Minnesota

Rodger G. Mohagen
(701) 293-8344
1444 45th Street SW, Suite 201
Fargo, ND
 
Nola Ann Mcneally
(701) 271-8884
51 N Broadway Suite 402
Fargo, ND
Specialties
Venture Capital, Commercial, Litigation
State Licensing
Minnesota

Todd E Zimmerman
(701) 271-8881
1395 Elm Cir
Fargo, ND
Specialties
Business, Litigation, Real Estate
State Licensing
Minnesota

Duane A Lillehaug
1220 Main Ave, Ste 105, P.O. Box 2103
Fargo, ND
Specialties
Personal Injury, Employment, Business, Insurance
Education
University of North Dakota School of Law,North Dakota State University
State Licensing
Minnesota

Jason J. Henderson
(701) 293-8344
1444 45th Street SW, Suite 201
Fargo, ND
 
Andrew L. B. Noah
(701) 237-5544
1800 Radisson Tower, P.O. Box 2626
Fargo, ND
 

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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North Dakota Antitrust Laws

Antitrust Code Section: 51-08.1-01, et seq.

Time Limit to Bring Claim: 4 yrs. or 1 yr. after conclusion of action by state

Is a Private Lawsuit Possible? Yes; attorney general power to enforce

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com