Corporate Tax in Sammamish, Washington

Find the right Corporate Tax attorney in Sammamish, WA

Corporate Tax Lawyers in Sammamish

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

Corporations are subject to the rule of "corporate personhood." Simply put, this means that corporations, under the law in Washington are treated as individual persons. This means they have many of the same legal rights and responsibilities as actual human beings.

As a prime example, corporations have to pay income taxes, just as a person would.

Corporate Tax Rate in Sammamish, Washington

Every profit-earning corporation in the U.S. must, legally, pay the federal corporate income tax. Most states also have their own corporate income tax, which corporations located in Sammamish, Washington have to remit.

Under federal laws that govern 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.

There's also a good chance that the tax rate applicable to corporations in Washington differ from the individual tax rates. Some states feel that the best economic policy is to attract as many businesses as they can. So, in some states, the corporate tax rate is lower than the individual tax rate.

Corporations in Sammamish, Washington are required to pay both the state and federal corporate tax. Failing to pay either (or both) of these taxes can result in severe legal penalties, including fines that may prove ruinous, especially for smaller businesses.

How Can a Sammamish, Washington Corporate Tax Lawyer Help?

Many major corporations employ tax lawyers full time, to ensure that they are in compliance with tax laws, and find legal means to reduce their tax liability.

But most smaller Sammamish corporations cannot afford to have these professionals on staff. So, they simply hire them as needed. If you are a business owner, and you have questions about corporate taxation, you should seek the counsel of a competent and reputable tax lawyer in Sammamish, Washington as soon as you can.

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Life in Sammamish

Sammamish, Washington is a city in King County. It is a suburb of Seattle, and has a population of about 40,000 people, as of a 2008 estimate by the Census Bureau of the Untied States.

Sammamish remained an unincorporated census-designated place for most of its existence. As with most cities in the Pacific Northwest, the area it occupies was inhabited by various Native American tribes for thousands of years before the arrival of European explorers. Settlers from back east arrived in the early 1800s, mainly for the purpose of logging and fur trading.

Modernly, Sammamish is a quiet residential community whose economy is boosted by the various industries (such as electronics, aerospace, software development, and tourism) in the Seattle area. It is also a destination in itself, thanks to several recreational opportunities that show off the area's natural beauty. These include Lake Sammamish State Park, Beaver Lake Park, and several other nature preserves, offering activities like swimming, hiking, bicycling, and rock climbing, among others.

If you live in Sammamish, Washington, and need some form of legal service, you're in luck. Thanks to the area's economic diversity, there is a thriving legal community in Sammamish. Sammamish, Washington lawyers are able to take just about any type of case a person is likely to face.

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