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

John Steven Rossi
116 N CHICAGO ST STE 204
JOLIET, IL
Specialties
Corporate, Banking, Family, Employment, Real Estate
Education
University of Illinois College of Law,Loyola University of Chicago
State Licensing
Illinois

John William Pleta
9400 BORMET DR
MOKENA, IL
Specialties
Real Estate, Probate, Personal Injury, Corporate, Lawsuits & Disputes
State Licensing
Illinois

Lori A Vanderlaan
(815) 740-1500
12 W CASS ST
JOLIET, IL
Specialties
Employee Benefits, Personal Injury, Litigation, Commercial, Ethics
Education
John Marshall Law School, Chicago,University of Illinois, Urbana-Champaign
State Licensing
Illinois

James Franklin Best
(815) 740-1500
12 W CASS ST
JOLIET, IL
Specialties
Business, Fraud, Litigation, Employment, Personal Injury
Education
Drake University,Drake University
State Licensing
Illinois

Scott D. Hammer
16 W VAN BUREN ST
JOLIET, IL
Specialties
Insurance, Litigation, Corporate, Ethics
Education
Georgetown University
State Licensing
Illinois

Curtis Edward Handley
19540 Buckingham Dr. Suite 1
Mokena, IL
Specialties
Business, Intellectual Property, Internet, Entertainment
Education
Thomas Cooley Law School,University of Illinois, Urbana-Champaign
State Licensing
Illinois

John Richard Garofalo
54 N OTTAWA ST STE 210
JOLIET, IL
Specialties
Litigation, Corporate, Estate Planning, Trusts, Real Estate
Education
John Marshall Law School, Chicago,John Marshall Law School, Chicago
State Licensing
Illinois

Douglas Ennis Heathcock
15 W JEFFERSON ST STE 300
JOLIET, IL
Specialties
Commercial, Personal Injury, Workers Compensation, Real Estate, Land Use & Zoning
Education
Chicago-Kent College of Law Illinois Institute of Technology
State Licensing
Illinois

Allie Macinnis Burnet
(815) 740-1500
12 W CASS ST
JOLIET, IL
Specialties
Employment, Civil Rights, Construction, Insurance, Commercial
Education
DePaul University College of Law,Boston University
State Licensing
Illinois

Alan Paul Miller
54 N OTTAWA ST STE 210
JOLIET, IL
Specialties
Litigation, Corporate, Estate Planning, Trusts, Real Estate
Education
University of Michigan Law School,Brown 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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