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Lotzar Law Firm P.C.

Legal talent that pays for itself.
480.905.0300 x103 8687 E. Via de Ventura, Suite 115 Scottsdale, Arizona 85258

Free Report: What Does It Mean to Respect Corporate Formalities in Arizona?

March 16, 2015 by Charles Lotzar

What does it mean to respect corporate formalities

Many business owners form a Corporation in order to ensure that they are able to protect their financial interests. Incorporating creates a separate legal identity for your business so you do not become personally responsible for judgments against your corporation or for debts that your corporation incurs. Incorporating can also have tax benefits, as it may be possible to take some of your compensation in distributions rather than as salary. This means you do not have to pay Social Security or Medicare taxes on that income.

When you incorporate your business, it is important to realize that you must actually treat the company as a separate legal entity in order to continue to enjoy the benefits and protections of incorporation. The steps involved in treating your corporation as a corporation are referred to as “corporate formalities.”

Click here to read the report or download the PDF.

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Charles Lotzar
Charles Lotzar
With more than 25 years of legal experience, Chuck Lotzar knows how to solve problems and make deals happen. He earned his Bachelor of Arts in Business from Michigan State University in 1982, and his Juris Doctorate from the University of Detroit School of Law in 1985. Mr. Lotzar has extensive experience dealing with public contracts and issues related to public officials and has been involved in bond financings with an aggregate value in excess of $5 billion.
Charles Lotzar
Latest posts by Charles Lotzar (see all)
  • How Often Do I Have to Re-Certify a Tax Credit Tenant’s Household Income? - November 12, 2015
  • Property Tax Abatement vs. Property Tax Exemptions – GPLET - November 12, 2015
  • Can You Restructure Your Business Under the Arizona Entity Restructuring Act? - November 5, 2015

About Charles Lotzar

With more than 25 years of legal experience, Chuck Lotzar knows how to solve problems and make deals happen. He earned his Bachelor of Arts in Business from Michigan State University in 1982, and his Juris Doctorate from the University of Detroit School of Law in 1985. Mr. Lotzar has extensive experience dealing with public contracts and issues related to public officials and has been involved in bond financings with an aggregate value in excess of $5 billion.

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FROM OUR BLOG

How Often Do I Have to Re-Certify a Tax Credit Tenant’s Household Income?

Property Tax Abatement vs. Property Tax Exemptions – GPLET

Can You Restructure Your Business Under the Arizona Entity Restructuring Act?

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