There are a lot of laws that surround creating and operating a business. Many of these laws, rules, and regulations are complex and vary by state, city, and sometimes even by county. One very important aspect of business law that all business owners must be aware of is taxation law. Our taxation law attorneys assist business owners with all aspects of business sales tax.
Sales taxes play a vital role in business transactions and therefore, it is important to create and enforce innovative tax planning for your business. Whenever an event or transaction may be subject to sales tax, our lawyers work to construct the transaction to achieve delay of the gain by tactics such as tax-free exchanges, installment notes and tax-free reorganizations. Should a transaction be subject to sales taxation, we implement strategies to have the transaction’s gain taxed at less long-term capital gain rates, rather than greater and traditional sales tax rates.
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Our tax law attorneys focus on advising small business clients in addition to individuals with their personal taxes, and in all area of state and federal taxation, including income tax planning, tax complications, and compliance issues. Our tax law attorneys also have extensive skills in corporate business taxation complications such as mergers of entities, corporation restructuring and business acquisitions.