Incorporation in Nebraska

Find the right Business Incorporation attorney in Omaha, NE

For businesses seeking identification as separate legal entities, Nebraska law allows them to undergo the process of incorporation. As a separate entity from the owners, the business is then considered to be functioning on its own when it buys and sells property, assents to contracts and exercises legal rights. A business looking to incorporate in Nebraska must file with the Secretary of State in accordance with established guidelines.

Benefits of Incorporation in Nebraska

An incorporated business enjoys certain advantages, the most important being a limit of liability for the shareholders. The most shareholders can lose is the amount they invest in the business. With unincorporated businesses, personal property of owners can be liquidated in order to fulfill the liabilities of the business. A corporation also allows creditors in the Omaha area to assess the credit worthiness of the business as a whole rather than that of its owners, allowing the business to get loans more easily. Lastly, the ownership of a corporation is divided into an abundance of equal portions or "shares" of stock. Without this mechanism, transferring ownership of a business would be impractical.

Costs of Incorporation

Incorporation can be costly. First, a modest filing fee might be charged in Nebraska for any business that wants to incorporate. Also, a corporation is taxed as its own entity. In other words, the profits a corporation makes are now taxed separately, while any disbursements to shareholders are taxed as individual income. This is called double taxation. However, a business might avoid this disadvantage with proper planning and assistance from a local Omaha lawyer.

Talk to a Business Law Attorney now!

Life in Omaha

Omaha is the seat of Douglas County and the largest city in the State of Nebraska. Omaha has a population that has been climbing toward 500,000 residents as well as 5 of Fortune 500's richest companies. Those include Union Pacific Corporation, Mutual of Omaha, ConAgra Foods, Peter Kiewit and Sons Inc., and Berkshire Hathaway. These monumental companies attract many other outstanding Fortune 1000 companies like the headquarters of TDAmeritrade, West Corporation, Werner Enterprises, First National Bank of Omaha, and world renown architectural firms like Leo A Daly and the DLR Group.

Omaha's urban landscape plays host to some of the world's most wealthy businessmen like Warren Buffett. Not surprising to find out then Forbes Magazine voted Omaha the "Best bang for your buck city" in the United States. The Olympic Swim Trials were hosted in Omaha in 2008 and again in 2012. Additionally, the College World Series is held in Omaha. Omaha is a diverse Midwestern city with a number of dedicated neighborhoods. Besides gated communities, Omaha offers a number of ethnic neighborhoods like Little Mexico, Little Italy, and Greek Town offer some of the city's most authentic restaurants. Downtown offers a number of nationally recognized historic landmarks and museums. Many residents work in the meatpacking and railroad industries. Omaha is famous for it's meat products, most notably Omaha Steaks which are shipped throughout the world.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA