Tax Planning for Business Attorney
Whether you are a start-up trying to figure out what organization and capitalization structure will best serve you, or the owner of a closely-held business thinking about succession planning, the attorneys at Longman & Van Grack have the experience and expertise to make your business goals a reality while minimizing your tax planning liabilities.
Longman & Van Grack’s tax attorneys work directly with our clients internal and external financial advisors to minimize the costs and maximize the tax benefits associated with accomplishing their goals. We understand that tax planning is only one part of running a successful business, so we strive to provide relevant and timely advice that fits with our clients overall vision.
We appreciate the fact that a lawyer is there to provide guidance, not to tell you how to run your business. In determining the appropriate tax structure for a client, whether as a startup or in connection with a purchase or disposition, we maintain a careful focus on the clients ultimate business and investment objectives.
Structuring commercial transactions to provide tax benefits is a key component of a successful tax plan. We help our clients develop, evaluate, and implement strategies for minimizing the income tax consequences associated with the purchase or sales of assets, mergers, consolidations, business divisions and separations, and other forms of taxable and tax-free reorganizations.
We also have experts on staff that can evaluate whether there are tax credits available to your business. We then determine what strings are attached to available credits, work with you to evaluate whether taking advantage of the available credits makes business sense, and if it does, help you take advantage of those credits.
We have assisted numerous clients with succession planning, which can be a sensitive subject for many business owners and their families. The tax implications of passing control of a business are an extremely important part of the business decision, but can seem trivial compared to the emotional issues involved. We approach the process with a holistic perspective in order to take into account all of the business owners objectives.
Tax law is subject to frequent updates, and our attorneys are up to date on all the latest changes. If you have a tax plan in place, or are ready to strike a deal, but would like someone to take a second look, the attorneys at Longman & Van Grack are able to perform a legal audit of existing plans and pending deals to assess the tax implications.
In tax planning, as in the business world, waiting carries a risk. It is never too early to discuss business tax issues with an attorney.
Contact Longman & Van Grack’s ta attorneys today at (301) 291-5027 to schedule a consultation. Our experienced team of tax lawyers, based in Bethesda and Rockville, Maryland, are prepared to serve your business needs.