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

P. Randall Knowles
209 W MADISON ST
WAUKEGAN, IL
Specialties
Civil Rights, Contracts, Debt Collection, Corporate, Personal Injury
Education
Elmhurst College,School Name Unknown
State Licensing
Illinois

Patricia C Kraft
33 N COUNTY ST
WAUKEGAN, IL
Specialties
Estate Planning, Real Estate, Corporate, Probate, Family
Education
Loyola University Chicago School of Law,Northern Illinois University
State Licensing
Illinois

Blake Erin Stone
110 N WEST ST
WAUKEGAN, IL
Specialties
Administrative Law, Government, Commercial, Construction, Environmental
Education
Northern Illinois University College of Law,Eastern Illinois University,Marion Military Institute
State Licensing
Illinois

David Lee Hazan
111 N COUNTY ST
WAUKEGAN, IL
Specialties
Commercial, Litigation, Financial Markets And Services, Bankruptcy
Education
John Marshall Law School, Chicago
State Licensing
Illinois

Thomas W. Hayes III
33 N COUNTY ST
WAUKEGAN, IL
Specialties
Estate Planning, Tax, Trusts, Business
Education
University of Notre Dame,College of St. Thomas in St. Paul, Minnesota
State Licensing
Illinois

Mark Peter Broderick
415 WASHINGTON ST STE 204
WAUKEGAN, IL
Specialties
Appeals, Bankruptcy, Debt Collection, Commercial, Construction
Education
Thomas M. Cooley Law School,University of Notre Dame
State Licensing
Illinois

Thomas A. Morris Jr.
(847) 223-2170
110 N WEST ST
WAUKEGAN, IL
Specialties
Commercial, Contracts, Construction, State, Local And Municipal Law
Education
University of Virginia School of Law,Holy Cross College
State Licensing
Illinois, Virginia

Stephen Andrew Oakley
(847) 249-0300
110 N WEST ST
WAUKEGAN, IL
Specialties
Appeals, Commercial, Construction, Corporate, Business
Education
John Marshall Law School, Chicago,University of Illinois, Urbana-Champaign
State Licensing
Illinois

Stacey Lynn Seneczko
110 N WEST ST
WAUKEGAN, IL
Specialties
Appeals, Civil Rights, Commercial, Construction, Environmental
Education
Southern Illinois University School of Law,Southern Illinois University
State Licensing
Illinois

Thomas Arthur Pasquesi
(847) 295-9980
101 WAUKEGAN RD STE 600
LAKE BLUFF, IL
Specialties
Estate Planning, Trusts, Administrative Law, Litigation, Business
Education
John Marshall Law School, Chicago,Northwestern University
State Licensing
Illinois

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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