Corporate Attorneys Rapid City SD

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 Rapid City, SD that can help answer your questions about Corporate Attorneys.

Spencer Carl Mosness
(605) 343-2410
704 St Joseph St, Po Box 290
Rapid City, SD
Bankruptcy, Debt Collection, Business, Insurance, Oil & Gas, Fraud, Probate, Personal Injury, Real Estate
South Texas College Of Law
State Licensing

Timothy L. Thomas
(605) 348-7516
1301 Omaha Street, Suite 224, P.O. Box 8108
Rapid City, SD
Kurt E. Solay
(605) 348-7516
1301 Omaha Street, Suite 224, P.O. Box 8108
Rapid City, SD
Joel E. Hunter
(605) 721-2800
4200 Beach Drive, Suite #3, P.O. Box 9579
Rapid City, SD
Talbot J. Wieczorek
(605) 342-1078
440 Mount Rushmore Road, 3rd and 4th Floors, P.O. Box 8045
Rapid City, SD
George J. Nelson
(605) 343-6336
2902 West Main Street, Suite 1
Rapid City, SD
Tobin A. Karn
(605) 348-1125
601 W. Boulevard
Rapid City, SD
Larry M. Von Wald
(605) 721-2800
4200 Beach Drive, Suite #3, P.O. Box 9579
Rapid City, SD
John R. Murphy
(605) 342-2909
615 Kansas City Street, P.O. Box 5634
Rapid City, SD
Patrick Duffy
(605) 342-1963
604 Mount Rushmore Road, P.O. Box 8027
Rapid City, SD

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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South Dakota Antitrust Laws

Antitrust Code Section: 37-1-3.1, et seq.

Time Limit to Bring Claim: 4 yrs. or 1 yr. after conclusion of civil or equitable action brought by state, whichever is later

Is a Private Lawsuit Possible? Yes; state's attorney power to enforce and must immediately notify the attorney general; the attorney general shall aid in prosecution

Can a Successful Plaintiff Recover Attorneys' Fees? Yes