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

Carol Sheppard Cooper
(651) 460-2056
26437 Galaxie Av S
Farmington, MN
Specialties
Estate Planning, Business, Tax, Probate, Real Estate
Education
University of Minnesota Law School
State Licensing
Minnesota

Anthony John Moosbrugger
(651) 460-3757
429 THIRD ST PO BOX 187
FARMINGTON, MN
Specialties
Family, Adoption, Business, Estate Planning, Debt Collection
Education
William Mitchell College of Law,St. Cloud State University
State Licensing
Minnesota

Stephen Allen Ling
(952) 432-3136
7300 147TH ST W STE 600
APPLE VALLEY, MN
Specialties
Real Estate, Business, State, Local And Municipal Law, Banking
Education
University of Minnesota Law School,Dordt College
State Licensing
Minnesota

Edwin R Holmes
(952) 432-8111
14540 PENNOCK AVE STE 102
APPLE VALLEY, MN
Specialties
Business, Contracts, Real Estate, Estate Planning
Education
California Western School of Law,University of California - Los Angeles
State Licensing
California, Minnesota

Thomas Ross Donely
(952) 432-3136
7300 147TH ST W STE 600
APPLE VALLEY, MN
Specialties
Banking, Employment, Litigation, Real Estate, Business
Education
William Mitchell College of Law,Bethel University and Seminary
State Licensing
Minnesota

Michael David Burville
(651) 460-3757
429 THIRD ST PO BOX 187
FARMINGTON, MN
Specialties
Real Estate, Business, Estate Planning, Probate
Education
University of Minnesota Law School,University of Minnesota
State Licensing
Minnesota

Don Paul Cochran
(612) 418-5177
14375 Ebony Ln
Apple Valley, MN
Specialties
Estate Planning, Business, Tax
Education
University of Iowa College of Law,University of Iowa
State Licensing
Iowa, Minnesota

Patrick W Stewart
(952) 432-8300
15025 GARRETT AVE STE 200
APPLE VALLEY, MN
Specialties
Family, Estate Planning, Real Estate, Business, Litigation
Education
William Mitchell College of Law,Gustavus Adolphus College
State Licensing
Minnesota

Emily Marie Fox Williams
(952) 432-3136
Molenda P.A., 7300 W 147th St Ste 600
Apple Valley, MN
Specialties
Business, Estate Planning, Employment
Education
Hamline University School of Law,Iowa State University
State Licensing
Minnesota

James F Sheldon
(952) 432-3136
7300 147TH ST W STE 600
APPLE VALLEY, MN
Specialties
Estate Planning, Business, State, Local And Municipal Law, Public Finance, Real Estate
Education
William Mitchell College of Law,Miami University
State Licensing
Minnesota

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...

Click here to read the rest of this article from GlobalBx

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
View Details

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