Frequently Asked Questions
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Q. How can I find investors?
Q. How does my debt-to-equity ratio affect my ability to get financing?
Q. What should I do before choosing a name for my enterprise?
Q. If I start a partnership, should we sign a written agreement?
Q. Do I have to pay individual taxes on business income if I incorporate?
Q. How should I hire new employees?
Q. Do the Federal Equal Employment Laws ban discrimination?
Q. Are employees who receive tips still eligible for the minimum wage?
Q. As a new business owner, what should I look at when deciding on insurance?


Q: Do I have to pay individual taxes on business income if I incorporate?

A: 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.

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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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If you would like to schedule a free initial consultation contact an Iowa business organization attorney representing clients in Newton, Iowa at the Pasley and Singer Law Firm. Give us a call at (515) 232-4732 or email us at info@singerlaw.com.
Newton, Iowa Attorney practicing in Iowa primarily in Personal Injury, Auto Accidents, Wrongful Death, Product Liability, Real Estate, Bankruptcy, Business Organizations, Estate Planning and Probate, Criminal Defense & Family Law. Lawyers at the Pasley & SInger Law Firm, L.L. P. are dedicated to serve their clients in Iowa, including the cities of Ames, Nevada, Des Moines, Cedar Rapids, Fort Dodge, Waterloo, Marshalltown, Boone, Webster City, Grundy Center, Newton, Adel, Eldora, Ankeny, Johnston, Indianola, Cedar Falls, Jefferson, Marshalltown, Clarion, Knoxville and the communities that make up Story, Polk, Linn, Webster, Blackhawk, Marshall, Boone, Hamilton, Jasper, Dallas, Hardin, Warren, Greene, Wright and Marion counties.
 
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