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

William Paul Streeter
(309) 637-1400
124 Sw Adams, Suite 360
Peoria, IL
Specialties
Business, Real Estate, State, Local And Municipal Law, Commercial
Education
UCLA SOL,Stanford Univ
State Licensing
California, Illinois

Frederick A. Johnson
411 HAMILTON BLVD STE 1900
PEORIA, IL
Specialties
Residential, Commercial, Real Estate
State Licensing
Illinois

Michael Roger Seghetti
(309) 637-6000
416 MAIN ST STE 1400
PEORIA, IL
Specialties
Business, Commercial, Real Estate, State, Local And Municipal Law
Education
Notre Dame Law School,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Boyd Odell Roberts III
(309) 637-1400
CHASE BUILDING, 124 SW ADAMS ST STE 360
PEORIA, IL
Specialties
Workers Compensation, Commercial, Insurance, Family, Criminal Defense
Education
DePaul University College of Law,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Bruce Edward Thiemann
301 SW ADAMS ST STE 700
PEORIA, IL
Specialties
Business, DUI, Estate Planning, Real Estate, Litigation
Education
American University, Washington College of Law, Washington,Southern Illinois University, Carbondale
State Licensing
Illinois

James Paul Lefante
(309) 999-1111
411 Hamilton Boulevard Suite 1510
Peoria, IL
Specialties
Residential, Medical Malpractice, Trucking Accident, Personal Injury, Business
Education
John Marshall Law School, Chicago,Western Illinois University
State Licensing
Illinois, New York

James F. Monafo
401 MAIN ST STE 1400
PEORIA, IL
Specialties
Business, Defective & Dangerous Products
Education
Saint Louis University School of Law,Washington University at Saint Louis
State Licensing
Illinois

David Alan Rolf
411 HAMILTON BLVD SAVINGS CENTER TOWER
PEORIA, IL
Specialties
Appeals, Commercial, Insurance, Employment, Personal Injury
Education
University of Illinois College of Law, Champaign, IL,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Thomas M. Henry
(309) 690-3355
First Natl Bank Building
Peoria, IL
Specialties
Wills, Trusts, Estate Planning, Real Estate, Business
Education
Illinois State University,Illinois State University,Southern Illinois University
State Licensing
Illinois

Jennifer Marie Ascher
411 HAMILTON BLVD SAVINGS CENTER TOWER
PEORIA, IL
Specialties
Domestic Violence, Health Care, Real Estate, Business, Tax
Education
St. Louis University School of Law, St. Louis, MO,University of Illinois, Urbana-Champaign,Universit
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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Illinois Antitrust Laws

Antitrust Code Section: Illinois Antitrust Act: Ch. 740 §10/1, et seq.

Time Limit to Bring Claim: 4 yrs.

Is a Private Lawsuit Possible? Yes

Can a Successful Plaintiff Recover Attorneys' Fees? Yes

From www.findlaw.com