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

Jerome Wilbert Pinderski Jr.
115 W COLFAX ST
PALATINE, IL
Specialties
Corporate, Business, Real Estate, Litigation, Banking
State Licensing
Illinois

Polly Jean Pinderski
115 W COLFAX ST
PALATINE, IL
Specialties
Real Estate, Corporate, Wills, Trusts, General Practice
State Licensing
Illinois

Bruce Gales Thill
117 W SLADE ST STE 201
PALATINE, IL
Specialties
Business, Corporate, Estate Planning, Trusts, Real Estate
Education
Chicago-Kent College of Law Illinois Institute of Technology,University of Wisconsin, Madison
State Licensing
Illinois

Paul Christopher Pinderski
115 W COLFAX ST
PALATINE, IL
Specialties
Corporate, Construction, Land Use & Zoning, Trademark Application, Copyright Application
State Licensing
Illinois

Jerome W Pinderski Jr
115 W COLFAX ST
PALATINE, IL
Specialties
Corporate, Banking, Construction, Land Use & Zoning, Real Estate
State Licensing
DC

Jason Michael Chmielewski
1626 W COLONIAL PKWY
INVERNESS, IL
Specialties
Real Estate, Residential, Commercial, Estate Planning, Probate
Education
Clemson University,DePaul University
State Licensing
Illinois

Kerry M. Lavelle
(847) 705-7410
501 W Colfax
Palatine, IL
Specialties
Business, Estate Planning, Tax
State Licensing
Illinois

Bruce K. Roberts
(847) 705-7640
1620 Colonial Parkway
Inverness, IL
Specialties
Estate Planning, Corporate, Commercial, Real Estate, Trusts
Education
Northwestern University School of Law
State Licensing
Illinois

Jonathan Aaron Kessinger
(847) 398-7901
1622 W COLONIAL PKWY STE 201
INVERNESS, IL
Specialties
Contracts, Corporate, LLC, Residential, Estate Planning, Commercial
Education
DePaul University College of Law,University of Central Florida
State Licensing
Illinois

Robert John Ross
(847) 358-5757
1622 W COLONIAL PKWY STE 201
INVERNESS, IL
Specialties
Business, Wills, Trusts, Probate
Education
DePaul University,University of Illinois, Urbana-Champaign
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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