Corporate Attorneys Paducah KY

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 Paducah, KY that can help answer your questions about Corporate Attorneys.

Richard Kruger
(618) 524-9302
PO BOX 568
METROPOLIS, IL
Specialties
Real Estate, Probate, Estate Planning, Corporate, Divorce
Education
University of Illinois College of Law,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Carl J. Marshall
(270) 442-1900
The Center for Maritime Education Building, 129 South Water Street, P.O. Bo
Paducah, KY
 
John T. Reed
(270) 444-6330
117 North Fourth Street, P.O. Box 1725
Paducah, KY
 
Todd A. Farmer
(270) 443-4431
2008 Broadway
Paducah, KY
 
Phillip L. Little
(270) 443-6511
7th Floor, U.S. Bank Building, 333 Broadway, P.O. Box 1700
Paducah, KY
 
Rick W. Abell
(618) 524-9302
PO BOX 568
METROPOLIS, IL
Specialties
Business, Litigation
Education
University of Illinois, Urbana-Champaign,Southern Illinois University
State Licensing
Illinois

Alan C. Stout
(270) 443-4431
2008 Broadway
Paducah, KY
 
G. Kent Price
(270) 443-6511
7th Floor, U.S. Bank Building, 333 Broadway, P.O. Box 1700
Paducah, KY
 
Wm. Kevin Shannon
(270) 442-1422
601 Washington Street, P.O. Box 1876
Paducah, KY
 
E. Spivey Gault
(270) 442-1900
The Center for Maritime Education Building, 129 South Water Street, P.O. Bo
Paducah, KY
 

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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Kentucky Antitrust Laws

Antitrust Code Section: 367.175, et seq.

Time Limit to Bring Claim: 5 yrs. unless specified otherwise

Is a Private Lawsuit Possible? Yes

Can a Successful Plaintiff Recover Attorneys' Fees? No

From www.findlaw.com