The attorneys in SSE&C’s tax practice area have broad practice capability at the state and federal levels and provide tax planning and advisory services for small and mid-sized corporations, partnerships, limited liability companies, not-for-profit institutions, other organizations, and individuals. By giving our clients sound advice throughout the life cycle of their businesses, we help them plan in order to maximize tax benefits and to minimize tax burdens.
General Business Taxation
The firm’s tax attorneys play a significant role in working with attorneys in our other practice areas to address general business issues that may be significantly impacted by tax rules. Our attorneys coordinate all tax and business planning efforts with our client’s wealth managers and accountants to ensure that a client’s objectives are maximized to the fullest extent possible.
Our tax and business practice attorneys are transactional lawyers who strive to understand the client’s objectives and then utilize their cutting edge skills to quickly and efficiently complete the client’s business transaction.
We regularly counsel clients on:
- Entity and new venture planning
- The tax-favored structuring of all varieties of corporate transactions and business activities
- Avoiding unreasonable compensation problems and taxable distributions (disguised dividends)
- All tax and business issues that arise in the day-to-day operation of the business.
The tax practice area attorneys have extensive experience in structuring general and limited partnerships and limited liability companies, and in handling the various tax considerations that arise in the operation of these business enterprises, including the use of special allocations and preferences to facilitate client goals.
Real Estate Transactions
SSE&C is engaged by real estate developers and entrepreneurs who require specialized tax planning for their general and limited partnerships and limited liability companies. Like-kind exchanges that qualify for preferential treatment under Section 1031 of the Internal Revenue Code is a significant area in which our tax attorneys work closely with our attorneys in real estate practice.
Tax Litigation and Controversies
Our tax practice attorneys have extensive experience representing business entities and individuals in federal and state tax controversies at the audit, administrative and appeal levels. While they seek to resolve controversies through administrative appeal or negotiated settlement, our attorneys also have the experience to effectively litigate tax matters to the extent that the situation dictates.
Executive Benefit Planning
We at SSE&C have also designed and implemented non-qualified deferred compensation arrangements for our clients and their employees. These plans include stock options, restricted stock awards, bonus plans, phantom stock plans, rabbi trusts and secular trusts, among others. We have counseled clients from the perspective of both employer and employee and have been instrumental in obtaining and creating favorable deferred compensation arrangements for many of our highly compensated executive clients.