Corporate Attorneys Lombard IL

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 Lombard, IL that can help answer your questions about Corporate Attorneys.

Andrew John Draus
425 S MAIN ST
LOMBARD, IL
Specialties
Real Estate, Bankruptcy, Business, Family, Estate Planning
State Licensing
Illinois

Charles Glenn Wentworth
(630) 469-9600
460 N. Main St. Suite 204
Glen Ellyn, IL
Specialties
Business, Litigation, Lawsuits & Disputes, Appeals
Education
University of Utah S.J. Quinney College of Law
State Licensing
Illinois

John F. Morreale
(630) 790-6300
Suite 300 449 Taft Avenue
Glen Ellyn, IL
Specialties
Wills, Probate, Corporate
Education
Northwestern University
State Licensing
Illinois, Michigan, Texas

Diana K. Pecen
835 MCCLINTOCK DR
BURR RIDGE, IL
Specialties
Business, Corporate, Commercial, Construction, Employment
Education
Valparaiso University School of Law,Indiana University,The American Graduate School of International
State Licensing
Illinois

Alison Jeanine Wetzel
835 MCCLINTOCK DR
BURR RIDGE, IL
Specialties
Business, Corporate, Commercial, Construction, Employment
Education
Loyola University Chicago,Loyola University Chicago
State Licensing
Illinois

Charles Glenn Wentworth
(630) 469-9600
460 N. Main St. Suite 204
Glen Ellyn, IL
Specialties
Business, Litigation, Lawsuits & Disputes, Appeals
Education
University of Utah S.J. Quinney College of Law
State Licensing
Illinois

Steven M. Mack
449 TAFT AVE
GLEN ELLYN, IL
Specialties
Probate, Corporate, Trusts, Estate Planning, Wills
Education
University of Illinois, Urbana-Champaign
State Licensing
Illinois, Wisconsin

Layne Christie Marino
(888) 879-1260
622 EXECUTIVE DR
WILLOWBROOK, IL
Specialties
Franchising, Corporate, Trademark Application, Copyright Application, Contracts
Education
John Marshall Law School, Chicago,MacMurray College, Jacksonville
State Licensing
Illinois

Richard James Skrodzki
835 MCCLINTOCK DR
BURR RIDGE, IL
Specialties
Business, Corporate, Commercial, Construction, Employee Benefits
Education
Northern Illinois University Law School,Loyola University
State Licensing
Illinois

Howard Maynard Hoff
835 MCCLINTOCK DR
BURR RIDGE, IL
Specialties
Business, Corporate, Commercial, Construction, Employment
Education
DePaul University College of Law,Calvin College,DePaul University
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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