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

Earl L. Simon
4709 GOLF RD STE 475
SKOKIE, IL
Specialties
Business, Real Estate, Corporate, Estate Planning, Employee Benefits
Education
DePaul University,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Stephanie D. Uhler
4709 GOLF RD STE 475
SKOKIE, IL
Specialties
Business, Real Estate, Corporate, Estate Planning, Debt Agreements
Education
University of Illinois, Urbana-Champaign,University of Wisconsin, Madison,University of Wisconsin, M
State Licensing
Illinois, Wisconsin

Linda Robin Crohn
9003 LINCOLNWOOD DR
EVANSTON, IL
Specialties
Corporate, Real Estate, Business, General Practice
Education
John Marshall Law School, Chicago
State Licensing
Illinois

Michael Henry Erde
4801 W PETERSON AVE
CHICAGO, IL
Specialties
Estate Planning, Elder Law, Probate, Guardianship, Corporate
Education
John Marshall Law School, Chicago,University of Illinois, Urbana-Champaign,Washington University in
State Licensing
Illinois

Dorothy Voss Ward
7250 N CICERO AVE STE 200
LINCOLNWOOD, IL
Specialties
Health Care, Corporate, Partnership, Tax, Litigation
Education
IIT, Chicago-Kent College of Law,Elmira College,State University of New York, Buffalo
State Licensing
Illinois

Motty Stone
(847) 677-3300
8170 McCormick Blvd.
Skokie, IL
Specialties
Wills, Trusts & Estates, Real Estate, Intellectual Property, Business Law
Secondary Specialties
Workouts, Life Insurance, Tenant, Land Contracts, Eminent Domain, Construction Financing, Credit Report Problems, International Arbitration, Employment Contracts, Commercial Leasing , Student Loans, Commercial Construction Contracts, International Transactions, Landlord, Credit Unions, Identity Theft, Mechanics' Liens, Health Insurance, Contract Disputes, Television, Repossessions, Land Use & Zoning, Literary Arts, Government Construction Contracts, Film, Insurance, Tourism, Travel, & Leisure
State Licensing
Illinois

Data Provided By:
Michael S. Froman
9933 LAWLER AVE
SKOKIE, IL
Specialties
Insurance, Personal Injury, Litigation, Business
Education
DePaul University,University of Illinois, Urbana-Champaign
State Licensing
Illinois

David H. Locks
(773) 736-5700
5901 N CICERO AVE STE 406
CHICAGO, IL
Specialties
Probate, Real Estate, Business, Litigation
Education
Northwestern University,University of Illinois, Chicago
State Licensing
Illinois

Barbara M. Decoster
4801 W PETERSON AVE
CHICAGO, IL
Specialties
Litigation, Debt Collection, Commercial, Contracts, Personal Injury
Education
Smith College; George Washington University,Stanford University,University of Iowa
State Licensing
Illinois

Ericka Lynn Adler
7250 N CICERO AVE STE 200
LINCOLNWOOD, IL
Specialties
Health Care, Corporate, Partnership, Tax
Education
DePaul University College of Law,Skidmore College
State Licensing
Illinois

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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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