Corporate Attorneys Racine WI

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 Racine, WI that can help answer your questions about Corporate Attorneys.

John G. Shannon
(262) 637-1260
1300 S GREEN BAY RD # 104 PO BOX 081518
RACINE, WI
Specialties
Business, Personal Injury, State, Local And Municipal Law, Estate Planning
Education
University of Puget Sound School of Law
State Licensing
Wisconsin

John B. Stutt
(262) 389-2683
840 LAKE AVE STE 200
RACINE, WI
Specialties
Business, Estate Planning, Litigation, Real Estate
Education
University of Wisconsin Law School
University of Wisconsin
University of Wisconsin
State Licensing
Wisconsin

David W Paulson
(262) 637-8551
913 MAIN ST
RACINE, WI
Specialties
Personal Injury, Mediation, Banking, Business, Foreclosure
Education
MARQUETTE U
State Licensing
Arizona, Wisconsin

James W. Hill
(262) 632-7541
840 LAKE AVE PO BOX 516
RACINE, WI
Specialties
Corporate, Probate, Guardianship, Litigation
Education
Harvard University Law School ,Luther College
State Licensing
Wisconsin

Stephen J. Smith
(262) 632-7541
840 LAKE AVE PO BOX 516
RACINE, WI
Specialties
Estate Planning, Tax, Corporate
Education
Northwestern University School of Law ,Luther College
State Licensing
Wisconsin

Bernard J. Powers
(262) 619-9000
500 COLLEGE AVE
RACINE, WI
Specialties
Tax, Estate Planning, Business, Probate
Education
University of Wisconsin Law School ,University of Wisconsin, Madison ,University of Wisconsin, Madis
State Licensing
Wisconsin

John B. Stutt
(262) 389-2683
840 LAKE AVE STE 200
RACINE, WI
Specialties
Business, Estate Planning, Litigation, Real Estate
Education
University of Wisconsin Law School,University of Wisconsin,University of Wisconsin
State Licensing
Wisconsin

Michael D. Bannon
(262) 886-9720
6216 WASHINGTON AVE
RACINE, WI
Specialties
Real Estate, Construction, Environmental, Business, Employment
Education
Marquette University Law School ,Indiana University
State Licensing
Wisconsin

Daniel J. Pettit
(262) 886-9720
6216 WASHINGTON AVE
RACINE, WI
Specialties
Business, Real Estate, Tax, Construction, Environmental
Education
University of Wisconsin Law School ,University of Wisconsin, Whitewater
State Licensing
Wisconsin

Piermario Bertolotto
(262) 652-5050
3505 30TH AVE
KENOSHA, WI
Specialties
Bankruptcy, Business, Real Estate
Education
Marquette University Law School ,Marquette University,Marquette University
State Licensing
Wisconsin

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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