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

David E. Mayfield
(815) 229-5333
4023 Charles St
Rockford, IL
Specialties
Business, Estate Planning, Real Estate
Education
Valparaiso U
State Licensing
Wisconsin

Bryan G. Selander
(815) 229-5333
4023 Charles Street
Rockford, IL
Specialties
Business, Estate Planning, Family
State Licensing
Illinois

Nathan Jan Noble
(815) 544-3117
102 S MADISON ST UPPR 1
ROCKFORD, IL
Specialties
Real Estate, Estate Planning, DUI, Speeding Ticket, Business, Personal Injury
Education
Northern Illinois University,Wheaton College, Norton MA
State Licensing
Illinois

David L. Davitt
(815) 229-5333
4023 Charles Street
Rockford, IL
Specialties
Business, Real Estate, Estate Planning
State Licensing
Illinois

Adam Steven Long
102 S MADISON ST UPPR 1
ROCKFORD, IL
Specialties
Litigation, Commercial, Business, Real Estate
Education
University of Illinois, Urbana-Champaign,University of Kentucky
State Licensing
Illinois

Charles Dale Schlueter
(815) 229-5333
4023 Charles St.
Rockford, IL
Specialties
Business, Family, Estate Planning
State Licensing
Illinois

Tyler Alan Moore
102 S MADISON ST UPPR 1
ROCKFORD, IL
Specialties
Bankruptcy, Debt Collection, Commercial
Education
Northern Illinois University College,Augustana College (Sioux Falls , SD)
State Licensing
Illinois

James E. Stevens
102 S MADISON ST UPPR 1
ROCKFORD, IL
Specialties
Bankruptcy, State, Local And Municipal Law, Real Estate, Corporate
Education
Gonzaga University School of Law,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Barton L. Henbest
4615 E STATE ST STE 202
ROCKFORD, IL
Specialties
Contracts, Business, Corporate, Partnership, LLC
Education
John Marshall Law School, Chicago,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Jason H Rock
102 S MADISON ST UPPR 1
ROCKFORD, IL
Specialties
Commercial, Construction, Bankruptcy, Corporate
Education
Clemson University,Drake University
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