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

Barbara Gale Taft
115 W JEFFERSON ST STE 400
BLOOMINGTON, IL
Specialties
Commercial, Construction, Litigation, Employee Benefits, Medical Malpractice
Education
George Washington University National Law Center,Tulane University, Newcomb College
State Licensing
Illinois

Brian Curtis
308 E WASHINGTON ST
BLOOMINGTON, IL
Specialties
Real Estate, Estate Planning, Corporate
Education
McKendree College,Southern Illinois University
State Licensing
Illinois

Jonathan Andrew Backman
(309) 820-7420
117 N CENTER ST JOHNSON
BLOOMINGTON, IL
Specialties
Litigation, Appeals, Bankruptcy, Corporate, Civil Rights
Education
Harvard University,Harvard University
State Licensing
Illinois

James T. Foley
115 W JEFFERSON ST STE 400
BLOOMINGTON, IL
Specialties
Corporate, Business, Litigation, Financial Markets And Services
Education
DePaul University,University of Notre Dame
State Licensing
Illinois

Christopher L. Nyweide
(217) 351-7479
115 W JEFFERSON ST STE 400
BLOOMINGTON, IL
Specialties
Corporate, Business, Litigation, Financial Markets And Services
Education
John Marshall Law School, Chicago,Illinois Wes leyan University
State Licensing
Illinois

Ryan Gammelgard
(309) 828-5281
Bloomington, IL
Specialties
Corporate Counsel
Education
Undergraduate : Eastern Illinois University
Law School : University of Illinois


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David C. Wochner
308 E WASHINGTON ST
BLOOMINGTON, IL
Specialties
Corporate, Estate Planning, Probate, Real Estate, Tax
Education
University of Illinois, Urbana-Champaign,Notre Dame University
State Licensing
Illinois

Todd E. Bugg
1001 N MAIN ST STE A
BLOOMINGTON, IL
Specialties
Real Estate, Estate Planning, Business, Corporate, Landlord & Tenant
Education
University of Illinois College of Law,Illinois Wesleyan University
State Licensing
Illinois

Nathan Bradford Hinch
(309) 827-4055
202 N CENTER ST FL 1
BLOOMINGTON, IL
Specialties
Construction, Environmental, Business, Real Estate, Estate Planning
Education
Chicago-Kent College of Law Illinois Institute of Technology,Wheaton College
State Licensing
Illinois

Clayton J. Patterson
1001 N MAIN ST STE A
BLOOMINGTON, IL
Specialties
Litigation, Commercial, Contracts, Corporate, Real Estate
Education
Eastern Illinois University,University of Illinois, Urbana-Champaign
State Licensing
Illinois

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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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