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

Cory Aaron Genelin
(507) 387-1115
124 E WALNUT ST STE 200
MANKATO, MN
Specialties
Litigation, Business, Employment, Personal Injury, Insurance
Education
William Mitchell College of Law,University of Saint Thomas
State Licensing
Minnesota

Christopher Michael Roe
(507) 345-1166
127 S SECOND ST PO BOX 3049
MANKATO, MN
Specialties
Agriculture, Business, Corporate, Employment, Estate Planning
Education
William Mitchell College of Law,University of St. Thomas
State Licensing
Minnesota

Allen Patrick Eskens
(507) 345-5500
151 ST ANDREWS CT #610 PO BOX 1056
MANKATO, MN
Specialties
Family, Criminal Defense, Business, Bankruptcy, Estate Planning
State Licensing
Minnesota

Paul Elmer Grabitske
(507) 345-5500
151 SAINT ANDREWS CT STE 610
MANKATO, MN
Specialties
Criminal Defense, Business, Bankruptcy, Family, Estate Planning
State Licensing
Minnesota

Christopher Eric Sandquist
(507) 387-1115
124 E WALNUT ST STE 200
MANKATO, MN
Specialties
Corporate, Business, Employment, Workers Compensation, Litigation
Education
University of Minnesota Law School,Creighton University
State Licensing
Minnesota

John C Peterson
(507) 625-6600
201 N BROAD ST #200 PO BOX 7
MANKATO, MN
Specialties
Estate Planning, Real Estate, Business, State, Local And Municipal Law
Education
Drake University Law School
State Licensing
Minnesota

Andrew Michael Tatge
(507) 387-1115
124 E WALNUT ST STE 200
MANKATO, MN
Specialties
Business, Family
Education
University of St. Thomas School of Law - Minneapolis,Creighton University
State Licensing
Minnesota

Silas Leonard Danielson
(507) 345-1166
127 S SECOND ST PO BOX 3049
MANKATO, MN
Specialties
Agriculture, Business, Criminal Defense, Employment, Litigation
Education
Hamline University School of Law,Concordia College
State Licensing
Minnesota

Michael C Karp
(507) 345-1166
127 S SECOND ST PO BOX 3049
MANKATO, MN
Specialties
Business, Commercial, Real Estate, Tax
Education
Oklahoma City University School of Law,Bemidji State University
State Licensing
Minnesota

Andrew A Willaert Jr.
(507) 387-1115
124 E WALNUT ST STE 200
MANKATO, MN
Specialties
Business, Employment, Real Estate, Litigation, Personal Injury
Education
William Mitchell College of Law,Saint John's 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...

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Minnesota Antitrust Laws

Antitrust Code Section: Minnesota Antitrust Law of 1971: 325D.49, et seq.

Time Limit to Bring Claim: 4 yrs.

Is a Private Lawsuit Possible? Yes; attorney general also enforces

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com