Corporate Attorneys Twin Falls ID

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 Twin Falls, ID that can help answer your questions about Corporate Attorneys.

Thomas B. High
(208) 733-5463
126 Second Avenue North, P.O. Box 366
Twin Falls, ID
 
Robert M. Harwood
(208) 733-5463
126 Second Avenue North, P.O. Box 366
Twin Falls, ID
 
J. Robert Alexander
(208) 733-5463
126 Second Avenue North, P.O. Box 366
Twin Falls, ID
 
Julie A Manning
(208) 514-5266
1770 State St Ste 274
Boise, ID
Specialties
Business, Corporate, Social Security
State Licensing
Washington

Jeffery John Crandall
(208) 667-8989
8596 N Wayne Dr Ste A
Hayden, ID
Specialties
Business, Contracts, Corporate, Fraud, Employment, Estate Planning, Elder Law, Guardianship, Real Estate, Construction, Land Use & Zoning
Education
McGeorge SOL Univ of the Pacific,Brigham Young Univ
State Licensing
California, Washington

Tara Martens
(208) 733-5566
132 3rd Avenue East, P.O. Box 1276
Twin Falls, ID
 
John O. Fitzgerald II
(208) 733-5566
132 3rd Avenue East, P.O. Box 1276
Twin Falls, ID
 
Rube G. Junes
(208) 743-9516
Po Box 285
Lewiston, ID
Specialties
Business, Construction, Litigation
State Licensing
Oregon, Washington

Robert Gregory Ferney
(208) 691-6534
12722 N 10th Ave
Boise, ID
Specialties
Business, Tax, Estate Planning
State Licensing
Washington

Jason Scott Wing
(208) 667-4000
Spokesman Review Building, 608 Northwest Blvd., Suite 300
Coeur d'Alene, ID
Specialties
Land Use & Zoning, Litigation, Business, Securities Offerings, Real Estate
Education
University of Idaho,The George Washington University
State Licensing
Idaho

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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