Business Entity Selection Services
The entity you select will have immediate and long-term tax ramifications for your business. For example, C corporations are subject to double-taxation, which is avoided utilizing by pass-through entities like Partnerships, LLCs and S corporations. Working with a knowledgeable business tax lawyer can help to ensure that you make the appropriate entity selection to shield your personal assets from liability and operate in a “tax advantaged” fashion where possible.
Business Succession Planning Services
Planning an “exit strategy” well in advance of the actual exit can prevent your business from experiencing costly interruptions while ownership is changing hands. Our business succession planning attorneys can help you evaluate the effects of selling versus gifting your business, while incorporating the following goals into your exit strategy: improvement of liquidity, mitigation of your tax burden, protection of your best interests, and continuity of operations during the change.
Business Transaction Tax Services
Business sales and purchases can have hidden costs concealed within provisions of the Tax Code. Working with an experienced business tax lawyer reduces your risk of inadvertently assuming unexpected off-balance sheet risk including tax liabilities, while simultaneously making it easier to meet state and federal compliance requirements.