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

William J George
(952) 470-4550
17800 EXCELSIOR BLVD
MINNETONKA, MN
Specialties
Business, Mediation, Arbitration
Education
University of Minnesota Law School,Saint John's University
State Licensing
Minnesota

David Lee Fenske
(952) 277-0123
5125 Co Rd 101 #202
Minnetonka, MN
Specialties
Corporate, Banking, Mergers & Acquisitions, Probate, Estate Planning
Education
William Mitchell College of Law,Gustavus Adolphus College
State Licensing
Minnesota

Lora Lewicki Whitehouse
(612) 770-8141
17800 Excelsior Boulevard, Suite 100
Minnetonka, MN
Specialties
Wills, Business, Family, Contracts
Education
University of North Dakota School of Law,Minnesota State University, Moorhead
State Licensing
Minnesota

Jane S Welch
(952) 277-0128
5125 Co Rd 101 #202
Minnetonka, MN
Specialties
Bankruptcy, Business
Education
William Mitchell College of Law,Ripon College
State Licensing
Minnesota

Thomas R Lujan
(952) 908-3176
5509 EDEN PRAIRIE RD STE 3
MINNETONKA, MN
Specialties
Business
Education
University of Minnesota Law School,United States Military Academy
State Licensing
Minnesota

Dana Andrew Dullum
(952) 277-0129
5125 Co Rd 101 #202
Minnetonka, MN
Specialties
Corporate, Bankruptcy
Education
University of North Dakota School of Law,University of North Dakota
State Licensing
Minnesota

Brian Michael Sund
(952) 975-0050
5125 Co Rd 101 #202
Minnetonka, MN
Specialties
Litigation, Commercial
Education
William Mitchell College of Law,University of Wisconsin, Eau Claire
State Licensing
Minnesota

Wendy Joy Badger
(952) 277-0145
5125 Co Rd 101 #202
Minnetonka, MN
Specialties
Debt Collection, Business, Estate Planning, Corporate
Education
William Mitchell College of Law,University of St. Thomas
State Licensing
Minnesota

Tricia Ann Olson
(952) 277-0121
5125 COUNTY ROAD 101 STE 202
MINNETONKA, MN
Specialties
Intellectual Property, Estate Planning, Debt Collection, Business, Corporate
State Licensing
Minnesota

Maret Ruth Olson
(952) 975-0050
5125 Co Rd 101 #202
Minnetonka, MN
Specialties
Corporate, Employment, Litigation, Arbitration
Education
University of Illinois College of Law,Northwestern University
State Licensing
Illinois, 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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UST Executive Conference on the Future of Health Care
Dates: 11/5/2020 – 11/5/2020
Location:
University of St.Thomas Saint Paul
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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