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CLARK BUTLER
WALSH & HAMANN |
315 E 5th St.
Waterloo, Iowa 50703 |
| Phone: (319) 234-5701 |
| Fax: (319) 232-9579 |
| Email: info@cbwh-law.com |
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Waterloo, Iowa Attorney practicing in Iowa primarily in Civil Litigation, Business Organization, Estate Planning & Probate, Family Law, Insurance Defense, Motor Vehicle Accidents, Personal Injury, Premise Liability, Product Liability, Real Estate, Workers' Compensation & Wrongful Death. Lawyers at the Clark, Butler, Walsh & Hamann are dedicated to serve their clients in Iowa, including the cities of Waterloo, Cedar Falls, Fort Dodge, Ames, Cedar Rapids, Iowa City, Davenport, Dubuque, Des Moines, Adel, Marshalltown, Pella, Decorah, Eldora, Johnston, Ankeny, Muscatine, Ottumwa, Manchester, Elkader, and Burlington , and the communities that make Polk, Webster, Story, Linn, Johnson, Scott, Dubuque, Black Hawk, Dallas, Marshall, Marion, Winneshiek, Muscatine, Wapello, Delaware, Clayton, Hardin and Des Moines counties.
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| Question: |
| Do I have to pay individual taxes on business income if I incorporate? |
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| Answer: |
A corporation is a separate entity for legal and tax purposes. The corporation is liable for taxes on its profits, but the owner is not liable for taxes on corporate revenue unless that revenue is given to the owner as wages or other compensation. |
| Copyright © MMVII JAKOBIE |
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| If you would like to schedule a free initial consultation contact an Iowa business organization attorney, representing clients in Marshalltown, Iowa at the Clark, Butler, Walsh & Hamann. Give us a call at (319) 234-5701 or email us at info@cbwh-law.com. |
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DISCLAIMER: The information you obtain at our firm web site is not, nor is it intended to be, legal advice. It is recommended that you should consult an attorney for individual advice regarding your own situation.
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