Business Tax Advice & Planning

Capes Sokol advises companies and business owners on the tax implications of a variety of transactions, from organizing and starting a company, through transitions such as investments, acquisitions and divestitures, and succession planning initiatives. We help clients identify opportunities, minimize exposure, and structure transactions in a tax-efficient manner.

Services Include:

• Choice of entity analysis: Advising business owners on the optimal legal and tax structure for owning and operating a business, including evaluating benefits of a business being taxed as a partnership, S corporation, C corporation, or a disregarded entity.
• Mergers and acquisitions: Providing tax advice in connection with purchases and sales of businesses in taxable and tax-free transactions, including mergers, acquisitions, divestitures, reorganizations, and in making Code Section 338(h)(10) and Code Section 336(e) elections.
• Like-kind exchanges: Implementing and planning for Code Section 1031 like-kind exchanges, including structuring ownership of real estate through tenancy-in-common relationships.
• Private letter rulings: Seeking and securing advance rulings from the Internal Revenue Service regarding the tax consequences of a proposed transaction.
• Succession planning: Providing advice to business owners for transitioning ownership to family members, employees, and/or third parties in a tax-efficient manner.
• Nonprofits: Forming nonprofit corporations, applying for and securing tax-exempt status, and providing on-going advice to maintain tax-exempt status.