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.

Omri E. Praiss
401 MAIN ST STE 1400
PEORIA, IL
Specialties
Business, Appeals, Litigation, Class Action, Antitrust
Education
Washington University School of Law,University of Michigan, Ann Arbor,University of Michigan, Ann Ar
State Licensing
Illinois

Michael A Myers
411 HAMILTON BLVD SAVINGS CENTER TOWER
PEORIA, IL
Specialties
Administrative Law, Banking, Commercial, Contracts, Real Estate
Education
Washington University School of Law,Tulane University
State Licensing
Illinois

Matthew R. Grant
401 MAIN ST STE 1400
PEORIA, IL
Specialties
Business, Intellectual Property, Defective & Dangerous Products
Education
University of Missouri - Columbia School of Law,Truman State University
State Licensing
Illinois

Lisa A Petrilli
411 HAMILTON BLVD SAVINGS CENTER TOWER
PEORIA, IL
Specialties
Commercial, Contracts, Estate Planning, Business
Education
John Marshall Law School, Chicago,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Clyde Edwin Walker
411 HAMILTON BLVD STE 1710
PEORIA, IL
Specialties
Debt Collection, Commercial, Bankruptcy, Construction, General Practice
Education
University of Illinois, Urbana-Champaign,Southern Illinois University
State Licensing
Illinois

Michael Alan Keeton
416 MAIN ST STE 1125
PEORIA, IL
Specialties
Business, Commercial, Real Estate, Estate Planning, Administrative Law
Education
University of Illinois College of Law,Bradley University
State Licensing
Illinois

Giuseppe S. Giardina
401 MAIN ST STE 1400
PEORIA, IL
Specialties
Business, Defective & Dangerous Products
Education
Saint Louis University School of Law,Truman State University
State Licensing
Illinois

Frank William Ierulli
(309) 999-6316
211 Fulton Street, Suite 600
Peoria, IL
Specialties
Appeals, Litigation, Commercial
State Licensing
Illinois

William Ralph Kohlhase
416 MAIN ST STE 1125
PEORIA, IL
Specialties
Business, Commercial
Education
University of Wisconsin, Madison,Washington University in St. Louis
State Licensing
Illinois

Brian D Jones
411 HAMILTON BLVD SAVINGS CENTER TOWER
PEORIA, IL
Specialties
Business, Commercial, Health Care, Real Estate
Education
University of Illinois, Urbana-Champaign,University of Illinois, Urbana-Champaign,University of Illi
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