Corporate Attorneys Red Wing MN

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 Red Wing, MN that can help answer your questions about Corporate Attorneys.

Jack C Strobel
(651) 388-1891
406 W 3RD ST STE 200
RED WING, MN
Specialties
Business, Corporate, Estate Planning, Probate
Education
Drake University,Drake University
State Licensing
Minnesota

Jennifer Lynn Lappegaard
(651) 388-8805
411 W 3RD ST
RED WING, MN
Specialties
Land Use & Zoning, Employment, Debt Agreements, Business
Education
William Mitchell College of Law,University of Minnesota, Twin Cities
State Licensing
Minnesota

Andrew Clifford Myers
(651) 388-1891
406 W 3RD ST STE 200
RED WING, MN
Specialties
Business, Estate Planning, Litigation, Real Estate, Employment
Education
University of Montana School of Law,Bradley University
State Licensing
Minnesota

George L May
(651) 437-6300
204 SIBLEY ST
HASTINGS, MN
Specialties
Business, Litigation, Real Estate, Estate Planning, Employment
Education
University of Minnesota Law School,University of Minnesota
State Licensing
Minnesota

Daniel Jerome Fluegel
(651) 438-9777
1303 S FRONTAGE RD STE 5
HASTINGS, MN
Specialties
Business, Estate Planning, Real Estate
Education
William Mitchell College of Law,University of Saint Thomas
State Licensing
Minnesota

Ranae L.T. Simonson
1626 Old West 3rd St
Red Wing, MN
Specialties
Family, Real Estate, Personal Injury, Business, Estate Planning
Education
William Mitchell College of Law,Gustavus Adolphus College
State Licensing
Minnesota

Kent W. Speight
411 W 3rd Street
Red Wing, MN
Specialties
Real Estate, Debt Agreements, Business, Litigation, Probate
Education
U Of Wisconsin
State Licensing
Minnesota, Wisconsin

Philip A. Helgeson
(715) 262-5551
1400 N Acres Rd # 20
Prescott, WI
Specialties
Family, Business, Real Estate
Education
U Of St. Thomas School Of Law
State Licensing
Wisconsin

Donald J. Fluegel
(651) 438-9777
1303 Frontage Rd S #5
Hastings, MN
Specialties
Business, Estate Planning, Real Estate
Education
Georgetown U
State Licensing
Minnesota, Wisconsin

Nicholas George B May
(651) 437-6300
204 SIBLEY ST
HASTINGS, MN
Specialties
Employment, Business, Litigation, Criminal Defense, Appeals
Education
William Mitchell College of Law,University of Iowa
State Licensing
Minnesota

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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Local Events

UST Executive Conference on the Future of Health Care
Dates: 11/5/2020 – 11/5/2020
Location:
University of St.Thomas Saint Paul
View Details

UST Executive Conference on the Future of Health Care
Dates: 11/5/2020 – 11/5/2020
Location:
University of St.Thomas Saint Paul
View Details