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

Stephanie Jo Lucas
(651) 982-6844
25 LAKE ST N STE 122
FOREST LAKE, MN
Specialties
Business, Estate Planning, Social Security, Employment, Lawsuits & Disputes
Education
William Mitchell College of Law,University of Minnesota, Duluth
State Licensing
Minnesota

Benjamin John Dollins
(651) 762-0300
4801 Highway 61, Suite 309
White Bear Lake, MN
Specialties
Estate Planning, Business
Education
William Mitchell College of Law,University of Missouri, Kansas City
State Licensing
Minnesota

Richard R Caldecott
4669 White Bear Pkwy
White Bear Lake, MN
Specialties
Business, Litigation, Personal Injury, Family, Criminal Defense
Education
William Mitchell College of Law,St Cloud State University
State Licensing
Minnesota

Michael Fleming
(651) 429-3323
4524 Hwy 61
White Bear Lake, MN
Specialties
Real Estate, Estate Planning, Probate, Corporate
State Licensing
Minnesota

Kevin Scott Brady
(651) 829-9529
11539 Van Buren Ct NE
Blaine, MN
Specialties
Intellectual Property, Business, Internet
Education
William Mitchell College of Law,South Dakota State University
State Licensing
Minnesota

Richard Michael Schultz
(763) 784-7644
9201 LEXINGTON AVE N STE 1B
CIRCLE PINES, MN
Specialties
Litigation, Insurance, Personal Injury, Real Estate, Business
Education
Hamline University School of Law,Saint John's University
State Licensing
Minnesota

Dennis B Johnson
(612) 336-2901
(ODD Range 4653 - 4699) HIGHWAY 61 N
WHITE BEAR LAKE, MN
Specialties
Family, Criminal Defense, Business, Litigation
State Licensing
Minnesota

Aaron Hall
8789 Dunkirk Ct Ne
Blaine, MN
Specialties
Business, Lawsuits & Disputes
Education
William Mitchell College of Law,Concordia University
State Licensing
Minnesota

Kathleen Marie Gergen-Mandel
(651) 426-8740
3500 WILLOW LAKE BLVD STE 800
WHITE BEAR LAKE, MN
Specialties
Business, Contracts, Real Estate
Education
William Mitchell College of Law,University of Minnesota
State Licensing
Minnesota

Robert Edward Woods
(651) 484-0931
28 N Deep Lake Rd
North Oaks, MN
Specialties
Business
Education
Univ of Minnesota L S,Univ of Minnesota
State Licensing
California

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
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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