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

Thomas J. Trauring
(765) 457-9321
515 West Sycamore Street, P.O. Box 958
Kokomo, IN
 
Alan D. Wilson
(765) 457-9321
515 West Sycamore Street, P.O. Box 958
Kokomo, IN
 
Torrey James Bauer
(574) 267-4151
116 NORTH BUFFALO STREET PO BOX 938
WARSAW, IN
Specialties
Business, Criminal Defense, Estate Planning, Family, Personal Injury
Education
Indiana University School of Law, Indianapolis,Grace College
State Licensing
Indiana

John Quinn Herrin Jr.
(317) 580-4848
8888 Keystone Crossing, Ste 1200
Indianapolis, IN
Specialties
Adoption, Business
Education
Indiana University School of Law, Indianapolis,Wabash College
State Licensing
Indiana

John Anthony Goebel
(812) 951-2500
1034 COPPERFIELD DR
GEORGETOWN, IN
Specialties
Personal Injury, Business, Litigation, Mediation
Education
Indiana University School of Law, Indianapolis,Southern Baptist Theological Seminary,Valparaiso Univ
State Licensing
Indiana

James B. McIntyre
(765) 456-3827
116 North Main Street, P.O. Box 1047
Kokomo, IN
 
Margaret Mulville Frisbie
(812) 332-9295
226 South College Square, PO Box 910
Bloomington, IN
Specialties
Estate Planning, Elder Law, Probate, Trusts, Business
Education
University of Kentucky College of Law,Northwestern University
State Licensing
Indiana

Ned J. Tonner
(219) 866-8888
203 N Cullen St
Rensselaer, IN
Specialties
Personal Injury, Business, Estate Planning, Litigation
Education
University of Tulsa College of Law,Indiana University
State Licensing
Indiana

James Carl Hoppel
(317) 844-1303
13009 PORTSMOUTH DR
CARMEL, IN
Specialties
Business, Tax, Estate Planning
Education
Indiana University School of Law, Bloomington,Western Michigan University
State Licensing
Indiana

Peter Alan Velde
(317) 638-4521
151 North Delaware Street, Suite 600
Indianapolis, IN
Specialties
Bankruptcy, Business, Class Action, Construction, Ethics
Education
Albany Law School of Union University,Purdue University
State Licensing
Indiana

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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