“Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” — Gregory v. Helvering, 69 F.2d 809, 810 (2d Cir. 1934)
Taxes are not evil.
Nobody likes paying taxes, but taxes have a purpose. You need not pay more than your share. Taxes are a complicated, labyrinthine morass. We work with individuals and business to minimize the transactional cost, the friction that are taxes. We provide reassurance, key knowledge and practical know how ensuring your business performs at an optimal level.
We consult with the entrepreneur, the members and the partners, the C-suites and the senior management, and the Board of Directors of small private and public companies on the tax consequences of their corporate structure and the transactions.
Transactions have tax consequences.
If you are in business, you need a guide to navigate the dangerous waters of taxation. Be it Federal taxation, state and local tax issues, or tax planning of an international company coming into the United States or a US-based company venturing out into the wide world. Businesses need a pilot who understands the shoals of the taxing of transactions, and who can not only tell you what the result will be, but offer solutions using the tools available so you pay no more taxes than you are obligated to pay.
Tax consequences can significantly affect financial performance. Corporate structure, transactions, and securities transactions are complex, multi-variable problems. It is not enough to execute a transaction in the simplest way possible, but to understand the tax effect of the corporate structure and the tax consequences of the transaction in securities, equity, and debt. “For every complex problem there is an answer that is clear, simple, and wrong.” As lawyers, we must understand a client’s corporate and transactional goals and marry them to the most tax efficient manner while not allowing the tax tail to wag the business dog.
We are the mechanics that keeps your business’s engine purring like a kitten.