Corporate Attorneys Hannibal MO

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 Hannibal, MO that can help answer your questions about Corporate Attorneys.

Joseph Daniel Welch
(573) 221-0080
1000 Center Street, Box 710
Hannibal, MO
Specialties
Estate Planning, Business, Appeals
Education
Saint Louis University School of Law,Saint Louis University
State Licensing
Missouri

Michael A. Bickhaus
(217) 223-3030
525 JERSEY ST
QUINCY, IL
Specialties
Corporate, Estate Planning, Probate, Real Estate, Elder Law
Education
University of Missouri - Columbia School of Law
State Licensing
Illinois

Amy Christine Lannerd
435 HAMPSHIRE ST
QUINCY, IL
Specialties
Banking, Financial Markets And Services, Bankruptcy, Business, Estate Planning
Education
University of Arizona,University of Denver
State Licensing
Illinois

Ted Martin Niemann
(217) 223-3030
525 JERSEY ST
QUINCY, IL
Specialties
Real Estate, Commercial, Banking, Corporate, Estate Planning
Education
DePaul University-School of Law
State Licensing
Illinois

Andrew K. Cashman
525 JERSEY ST
QUINCY, IL
Specialties
Tax, Corporate, Business, Estate Planning, Real Estate
Education
Georgetown University Law Center,University of Kansas School of Law
State Licensing
Illinois

John Boyd Morthland
(573) 221-3225
P.O. Box 962
Hannibal, MO
Specialties
Business, Medical Malpractice, Litigation
Education
Loyola University New Orleans College of Law
State Licensing
Missouri

John R. Longlett
435 HAMPSHIRE ST
QUINCY, IL
Specialties
Banking, Financial Markets And Services, Bankruptcy, Business, Real Estate
Education
University of Illinois, Urbana-Champaign,University of Missouri, Columbia
State Licensing
Illinois

George J. Lewis
435 HAMPSHIRE ST
QUINCY, IL
Specialties
Banking, Financial Markets And Services, Bankruptcy, Business, Trusts
Education
University of Illinois, Urbana-Champaign,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Gregory A. Pratt
525 JERSEY ST
QUINCY, IL
Specialties
Corporate, Partnership, Real Estate, Commercial
Education
University of Illinois College of Law
State Licensing
Illinois

Brett K. Gorman
525 JERSEY ST
QUINCY, IL
Specialties
Personal Injury, Construction, Ethics, Commercial, Insurance
Education
University of Illinois College of Law
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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