Corporate Attorneys Terre Haute IN

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 Terre Haute, IN that can help answer your questions about Corporate Attorneys.

Rhonda Denise Oldham
(812) 238-2421
191 Harding Avenue, P.O. Box 410
Terre Haute, IN
Specialties
Real Estate, Corporate, LLC, Banking, Business
Education
Indiana University School of Law, Bloomington,Indiana State University
State Licensing
Indiana

Joseph Raymond Schroeder
517 LOCUST ST
MARSHALL, IL
Specialties
Probate, Personal Injury, Workers Compensation, Business, Contracts
Education
John Marshall Law School, Chicago,Indiana University
State Licensing
Illinois

David Michael Frisse
(217) 465-1234
307 W. Wood St. Box 430
Paris, IL
Specialties
Agriculture, Estate Planning, Elder Law, Guardianship, Real Estate, Trusts, Business, Probate
Education
University of Notre Dame,St Louis Univ School of Law
State Licensing
Illinois, Indiana

B. Curtis Wilkinson
(812) 232-4311
333 Ohio Street, P.O. Box 800
Terre Haute, IN
 
Ronald E. Jumps
(812) 232-6003
511 Wabash Avenue, P.O. Box 1625
Terre Haute, IN
 
Tracy Marie Weber
(812) 232-4311
333 Ohio Street P.O. Box 800
Terre Haute, IN
Specialties
Business, Family, Real Estate
State Licensing
Illinois

Jack O'Hair Asher
1119 N MAIN ST
PARIS, IL
Specialties
Banking, Real Estate, Probate, Corporate
Education
University of Illinois, Urbana-Champaign,Tulane University, Louisiana
State Licensing
Illinois

Peter J. Sacopulos
(812) 238-2565
676 Ohio Street
Terre Haute, IN
 
Carroll D. Smeltzer
(812) 232-6003
511 Wabash Avenue, P.O. Box 1625
Terre Haute, IN
 
Kelvin L. Roots
(812) 232-4311
333 Ohio Street, P.O. Box 800
Terre Haute, IN
 

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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