Federal and State Tax
Federal income tax and state income and excise tax issues present important choices and opportunities to many individuals and play a significant role in the life of most businesses.
We provide tax advice in many different settings. In instances involving start-up businesses, we help our clients choose the most tax-efficient entity -- typically a limited liability company, a C corporation or an S corporation. Once a form of entity is selected we help to design a suitable capital structure, governance provisions, and, in many cases, an owner and key manager compensation program.
We also provide federal and state tax advice to existing businesses in connection with transactional and operational matters and to individuals in connection with significant personal and family planning issues. These include:
- Mergers and Acquisitions
- Spin-offs and other divisive reorganizations
- Estate plans (presenting both income and transfer tax issues)
- Marital dissolutions and entity dissolutions
- Equity incentive plans
- Executive compensation arrangements
- Capital contributions and distributions
- Partnership transactions
- Leases and other real property transactions
In the state tax arena, we advise out-of-state businesses conducting business in Washington concerning nexus and related issues which might trigger the applicability of this state’s business and occupation tax. We also represent these entities when they are audited by the state.