Corporate Tax in Green Bay, Wisconsin

Find the right Corporate Tax attorney in Green Bay, WI

Corporate Tax Lawyers in Green Bay

In Green Bay, Wisconsin, a "corporation" is a legal entity formed under the law, which is treated (for some purposes) as a "person" with a legal identity distinct from that of its owner.

This doctrine is recognized as "corporate personhood." While the concept is somewhat abstract, the law of Wisconsin treats corporations as individual persons, for most purposes. This means that, legally, corporations have most of the same rights, privileges, and commitments as living, breathing human beings.

One of the major legal duties a corporation has is the requirement that it pay taxes on its income, just as a person would.

Corporate Tax Rate in Green Bay, Wisconsin

Every profit-earning corporation in the U.S. must, legally, pay the federal corporate income tax. Many states further have their own corporate income tax, which corporations located in Green Bay, Wisconsin have to remit.

Under federal laws that control corporate income taxes, corporations pay a different income tax rate from individual people. Corporations pay a maximum federal income tax rate of 35%, and a minimum rate of 15%, depending on their income. The high tax rate applies to corporations that make .3 million per year, and the low rate applies to any company bringing in less than ,000.

In Wisconsin the corporate tax rate likely differs from the individual tax rate as well. In many states, policymakers have decided that the local economy benefits most when it is business-friendly. In those states, the corporate tax rate is usually lower than the individual income tax rate, unlike the federal system, where the corporate tax rate is higher.

In any case, Green Bay, Wisconsin corporations have to pay both the state and federal income tax. If they fail to do so, they can be subject to grave penalties, such as very large fines. These fines can be big enough to put some smaller companies out of business. Suffice to say, it's normally cheaper for corporations to pay their taxes than to not.

How Can a Green Bay, Wisconsin Corporate Tax Lawyer Help?

Many larger corporations have lawyers and accountants who guarantee that they are in complete compliance with both state and federal tax law.

But if you are the owner of a small corporation in Green Bay, chances are you don't have a full-service legal department on your payroll. Therefore, if you need help with your corporate taxes, it's essential that you speak with a lawyer in Green Bay, Wisconsin who practices tax law.

Talk to a Tax Law Attorney now!

Life in Green Bay

Green Bay, Wisconsin is the county seat for Brown County and has a population of over 104,000. The city is best known for being home to the NFL team, the Green Bay Packers. Green Bay is nicknamed "Titletown", which is a reference to the record number of championship titles won by the Packers.

The city of Green Bay is very fond of outdoor festivals and celebrations. In addition to Packer games at Lambeau field and other sports functions, popular events include Winterfest on Broadway, Artstreet, and Summer in the Park. Shopping is also very popular in Green Bay, Wisconsin. Bay Park Square features a football-themed food court with many eateries and two giant flatscreen TVs at each end of the court. Green Bay Plaza and East Town Mall also have a variety of retail stores and restaurants.

Historically, Green Bay's economy consisted mostly of trade and farming. Currently, the city boasts an active business and economic life comprised of many different trades and industries. Some major employers in Green Bay, Wisconsin include Humana, Schneider International, and American Foods Group. The Green Bay Packers are also a major employer for the city.

Lawyers in Green Bay, Wisconsin usually assist clients at the Green Bay City Municipal Court or at the Brown County Courthouse. Green Bay attorneys enhance their skills by attending continued legal education courses and by participating in local and state bar associations. They offer a variety of legal services and perform many different types of legal tasks.

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