Corporate Tax in Loveland, Colorado

Find the right Corporate Tax attorney in Loveland, CO

Corporate Tax Lawyers in Loveland

In Loveland, Colorado, a "corporation" is specified as a legal entity that's separate from its owners. So, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This rule is called "corporate personhood." Essentially, under the law of Colorado, corporations are, in many ways, the same as individual human beings. So, corporations have some of the same legal rights and obligations as actual people.

An noticeable example of this concept is a corporation's obligation to pay income taxes similar to how an actual person would.

Corporate Tax Rate in Loveland, Colorado

All corporations in America have to pay a federal income tax. Various states also have a corporate income tax, which corporations operating in Loveland, Colorado have to pay.

Under the federal tax system, and the tax laws of several states, corporate income is taxed at a different rate from the income of individuals. For instance, the top federal income tax rate for corporations is 35%, compared with 33% for individuals. The highest tax rate applies to corporations making more than .3 million per year. The lowest corporate tax rate is 15%, applying to those corporations that make less than ,000 per year.

In Colorado 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 typically lower than the individual income tax rate, unlike the federal system, where the corporate tax rate is higher.

Whatever a company's legal tax rate is, all corporations in Loveland, Colorado must pay the taxes assessed against them. If they don't, they can be made to pay very large fines - usually much larger than their original tax bill.

How Can a Loveland, Colorado 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.

Of course, smaller companies in Loveland can't afford to have full-time legal and accounting departments on their payroll. Therefore, if your business is organized as a corporation, and has an issue with its taxes, it's essential that you contact a Loveland, Colorado tax attorney as soon as possible.

Talk to a Tax Law Attorney now!

Life in Loveland

Loveland, Colorado is a city in Larimer County. It has a population of about 67,000 people, and is located about 45 miles north of Denver.

Loveland was founded in 1877, along the newly constructed Colorado Central Railroad. Throughout the first half of the 20th Century, Loveland's economy was heavily dependent on agriculture. However, after World War II, the economies of western states, including Colorado, began to boom. Modernly, Loveland, Colorado frequently receives national recognition for being one of the best places in the country to live.

Companies like Hewlett-Packard have a substantial presence in Loveland, Colorado, creating a large and diverse employment base.

Because of its robust economy, the lawyers of Loveland, Colorado have developed very sophisticated and competent practices. If you need legal advice in Loveland, Colorado, there's probably a lawyer nearby who can help.

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