Corporate Attorneys Saint Joseph MO

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 Saint Joseph, MO that can help answer your questions about Corporate Attorneys.

David R. Schmitt
(816) 233-0303
Suite 500, 106 S. 7th Street
St. Joseph, MO
Specialties
Litigation, Business, Personal Injury
State Licensing
Missouri

Kenneth Eric Siemens
(816) 364-6677
P.O. Box 6157, 3007 Frederick Avenue
St. Joseph, MO
Specialties
Business, Estate Planning, Real Estate, Personal Injury
Education
University of Missouri - Columbia School of Law,University of Missouri, Columbia
State Licensing
Missouri

Benjamin Spencer Creedy
(816) 364-6677
3007 Frederick Ave.
St. Joseph, MO
Specialties
Business, Litigation, Personal Injury
Education
University of Kansas School of Law,University of Montana
State Licensing
Missouri

Lance B. Davis
(816) 233-1515
510 North Fourth Street
St. Joseph, MO
 
World Finance Corporation
(816) 671-1922
2905 S Belt Highway
Saint Joseph, MO
 
James Thomas Graves
(816) 279-9835
Ste. 345, 400 Jules Street
St. Joseph, MO
Specialties
Transportation, Commercial, Real Estate
State Licensing
Missouri

Thomas D. Watkins
-6232700
3715 Beck Road, Po Box 6236
St. Joseph, MO
Specialties
Business, Estate Planning, Real Estate, Employment
State Licensing
Missouri

Andrew Joseph Liles
(816) 364-4044
Suite 200, 1018 W. St. Maartens
St. Joseph, MO
Specialties
Litigation, Business, Employment, Construction, Personal Injury
Education
University of Missouri School of Law,University of Missouri
State Licensing
Missouri

St Joseph Loan Co
(816) 233-8417
701B S Belt Highway
Saint Joseph, MO
 
EZ Money Check Cashing
(816) 676-0307
803 S Belt Hwy Ste A
Saint Joseph, MO
 

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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