Tax Planning and Structuring

Taxes are the price of good government but also can be detrimental when they are too high. You need not pay more than you are legally obligated to pay. You can take steps to structure your transactions to reduce your tax burden within legal bounds. We help individuals and businesses navigate the complicated array of tax laws and intelligently reduce their taxes so they can use those savings for their families and businesses.

Business Tax Planning

At every stage in a company’s life cycle, taxes must be considered. When we work with start-up companies, our goal is to enable them to launch and operate in the most tax-efficient manner possible based on their circumstances. We help them select an appropriate legal entity (S Corp, C Corp, LLC, etc.) that considers all applicable taxes because a corporate structure beneficial under federal tax laws can be a disaster under state and local laws. We also advise owners how to set up their company not just to minimize taxes but to reduce ongoing compliance costs.

Once a business is running, that enterprise will engage in transactions with tax consequences, including buying, selling, and merging with other companies. We counsel clients on how to structure such deals to reduce tax, including taking advantage of more favorable capital gains tax rates.

A company and its owners will eventually need an exit plan. Our attorneys can help devise a plan to sell the business or take it public in a manner that reduces taxes and other costs and maximizes the value to the owners.

Individual Tax Planning

Tax planning can make a significant dent in an individual’s tax bill both while they are alive and for their heirs. We counsel clients on strategies that can help them save federal and state income and estate taxes as well as enable them to achieve other goals. Whether they want to protect heirs from creditor claims, ensure the future of their family business, support a charity they care about, or accomplish another goal, we can develop a custom-tailored solution to meet their needs in the most tax-efficient manner.

How We Help

No one wants to pay taxes, but it is a necessity. With experienced legal guidance, it is possible to reduce tax liability so more money stays in your pocket, not the government’s. However, while minimizing taxes is important, individuals and companies should not make decisions only based on the tax consequences. We help clients weigh their options based on their unique circumstances and tax considerations.

Contact us to discuss your tax planning needs.