Business Tax Planning

Our attorneys are actively involved with tax planning for business transactions. We are well versed with the structuring, acquisition, reorganization and disposition (taxable or tax deferred) of partnerships, limited liability companies and corporations, including S corporations. Much of the transactional planning and implementation involves closely held corporations and the tax effect on the entity as well as on the individual owners. Transactions include entity sales, mergers, spin-offs, recapitalizations and liquidations for corporations, joint ventures and limited liability companies as well as redemptions, reorganizations and valuation freezes of individual owner interests. We are consulted on sophisticated partnership tax law issues involving unique economic sharing arrangements. We also have substantial experience with the New York State Empire Zone and Brownfield Tax Credit programs, representing many clients seeking to maximize their tax benefits under these programs.

Business transactions include:

• Tax-free real estate exchanges
• Acquisitive and split-up business reorganizations
• Valuation freeze recapitalizations
• Shareholder agreements
• Choice of entity
• Real estate development activities