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

James Robinson Patton
(309) 797-0850
1630 5TH AVE
MOLINE, IL
Specialties
Corporate, Contracts, Commercial, Employment, Bankruptcy
Education
Northern Illinois University College of Law,Augustana College (Sioux Falls , SD)
State Licensing
Illinois

James Dallas Mowen
(309) 797-0850
1630 5TH AVE
MOLINE, IL
Specialties
Corporate, Contracts, Commercial, Employment, Bankruptcy
Education
Loyola University Chicago School of Law,University of Iowa
State Licensing
Illinois

Daniel S. Churchill
(309) 762-3643
1610 5TH AVE
MOLINE, IL
Specialties
Litigation, Banking, Corporate, Commercial
Education
Augustana College (Sioux Falls , SD),University of Illinois, Urbana-Champaign
State Licensing
Illinois

William Lehn Cleaver
(309) 797-0850
1630 5th Avenue, P.O. Box 659
Moline, IL
Specialties
Corporate, Probate, Trusts, Real Estate, Estate Planning
Education
University of Iowa College of Law,Augustana College
State Licensing
Illinois, Iowa

Daniel Pope Ellard
(319) 320-5328
1630 5TH AVE
MOLINE, IL
Specialties
Corporate, Contracts, Commercial, Employment, Bankruptcy
Education
New York University School of Law,University of Georgia School of Law,Vanderbilt University,Vanderbi
State Licensing
Illinois

Benjamin J. Samuelson
(309) 797-0850
1630 5th Avenue, P.O. Box 659
Moline, IL
Specialties
Business, Litigation, Medical Malpractice, Insurance
Education
Loyola University Chicago School of Law,University of Iowa
State Licensing
Illinois, Iowa

Mark Robert Mclaughlin
(309) 797-0850
1630 5TH AVE
MOLINE, IL
Specialties
Corporate, Contracts, Commercial, Employment, Bankruptcy
Education
Saint Louis University School of Law,University of Iowa
State Licensing
Illinois

Mark Daniel Churchill
(309) 762-3643
1610 5TH AVE
MOLINE, IL
Specialties
Banking, Litigation, Corporate, Commercial
Education
Butler University,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Robert J. Noe
(309) 797-0850
1630 5TH AVE
MOLINE, IL
Specialties
Corporate, Contracts, Commercial, Employment
Education
Notre Dame Law School,St Ambrose University
State Licensing
Illinois

Timothy Thomas Reier
(309) 797-0850
1630 5th Avenue, P.O. Box 659
Moline, IL
Specialties
Litigation, Insurance, Estate Planning, Business
Education
University of Iowa College of Law,University of Iowa
State Licensing
Illinois, Iowa

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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