Understanding What “Tax-Free” Really Means in Business Sales Now, I know what you are thinking nothing is “tax-free.” Yes, that is correct. Generally, tax-free in tax planning is a tax deferral. Also, the tax deferral discussed in this article applies to capital gains. It does not apply to ordinary income items from the sale of the business, includ...
Acquisition of Two Commercial Properties Leased to a Major Equipment Company Richard James of The Wilson Firm represented a commercial real estate investor in the purchase of two commercial properties used by a major equipment company in a deal that qualifies under income tax law as sale-leaseback transaction. Total transaction value was in excess ...
Introduction Many people consider becoming “real estate professionals” to diversify income and to create tax losses from rental property to offset against earned income. I must preface with what I learned in my days in the tax law program—"do not let the ‘tax tail’ wag the dog.” You should arrange your business affairs in a manner that is tax effic...
Closed Estate Administration Involving Real Estate, Business Assets & Debt Successfully closed a four-year dependent administration involving significant real estate holdings, financial assets, and the shutdown of a closely held business with outstanding debt. Our team navigated the probate court requirements, creditor issues, asset management, and...
Formed Family Limited Partnership for High-Net-Worth Real Estate Client Created a family limited partnership for a high-net-worth real estate investor and established a management structure for property intended for sale to a homebuilder. This planning provided liability protection, tax efficiency, and long-term family governance for the client's r...
Advised on Trust Domestication & Ending California Tax Nexus Richard advises a second-generation high-net-worth client on domestication of trusts and the closure of California entities in order to eliminate California tax nexus on investment income. This restructuring significantly improved the client's long-term tax posture while maintaining a...
Represented Buyer in Purchase of Two Equipment Rental Locations Through Sale-Leaseback Represented a high-net-worth real estate investor in the purchase of two equipment rental locations via a sale-leaseback transaction. Our team advised on the acquisition structure, tax implications, and long-term investment strategy to support stable returns and ...
Represented Buyer in $6M Multistate Logistics Company Acquisition Richard represented the buyer of a $6 million logistics company with operations in multiple states. Our work included advising on the purchase agreement, assisting with financing, navigating income tax considerations, structuring purchase price allocation, and coordinating a Section ...
