Corporate Attorneys Sioux City IA

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 Sioux City, IA that can help answer your questions about Corporate Attorneys.

Michael William Ellwanger
(712) 277-3304
522 Fourth Street, Suite 300
Sioux City, IA
Specialties
Personal Injury, Medical Malpractice, Litigation, Business, Employment
Education
University of Iowa College of Law,Morningside College
State Licensing
Iowa

Lindsey R Buchheit
(712) 226-4000
701 PIERCE ST STE 200
SIOUX CITY, IA
Specialties
Bankruptcy, Business, Estate Planning, Commercial
Education
University of Nebraska College of Law,University of Nebraska Wesleyan
State Licensing
Iowa, Nebraska, South Dakota

John B Anderson
(712) 277-1261
423 6th Street Suite 400
Sioux City, IA
Specialties
Estate Planning, Business, Real Estate
Education
University of Iowa College of Law,University of Iowa
State Licensing
Iowa

Jay P Phipps
(712) 873-3210
P.O. Box 442 232 Main Street
Moville, IA
Specialties
Business, Family, Personal Injury
Education
University of South Dakota Law School
State Licensing
Iowa

John B. Anderson
(712) 277-1261
400 Security Building, 423 Sixth Street, P.O. Box 3527
Sioux City, IA
 
Rebecca A Nelson
(712) 277-2373
522 Fourth Street, Suite 300
Sioux City, IA
Specialties
Family, Employment, Business
Education
University of South Dakota School of Law,Morningside College
State Licensing
Iowa

Barbara Fisher Orzechowski
(712) 252-1866
4280 Sergeant Road, Mayfair Center, Suite 290
Sioux City, IA
Specialties
Estate Planning, Probate, Real Estate, Business, Family
Education
University of South Dakota College of Law
State Licensing
Iowa

Kyle Stephen Irvin
(712) 277-1261
423 6th Street Suite 400
Sioux City, IA
Specialties
Bankruptcy, Real Estate, Estate Planning, Business
Education
University of Iowa College of Law,Northwestern College
State Licensing
Iowa

Chad C Thompson
(712) 378-3611
P.O. Box 219 4 East 2nd Street
Kingsley, IA
Specialties
Business, Bankruptcy, Personal Injury
Education
Creighton University School of Law
State Licensing
Iowa

Jeana L. Goosmann
(712) 255-8838
701 Pierce Street, Suite 200, P.O. Box 3086
Sioux City, IA
 

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...

Click here to read the rest of this article from GlobalBx