Business, Corporate & Tax Law
Our attorneys at the Pennsylvania law firm of Timoney Knox have extensive experience in all aspects of Business, Corporate and Tax law. We counsel clients who are starting a new business in all of the options and proper type of entity for their new business. Our corporate and business clients look to us for ongoing legal advice and counseling regarding their businesses. We are able to assist and advise regarding labor and employment issues, human resource related matters, pension and profit sharing, performance compensation, executive compensation, key man insurance, board of directors and related corporate documentation including corporate books and other ongoing entity activities.
In today's business environment, it is critical to select the proper type of entity:
- Sole Proprietorship
- General Partnership
- Limited Partnership
- Limited Liability Partnership
- Limited Liability Company
- Corporation (subchapter "S" or "C")
Our lawyers work with our clients to not only start businesses, but provide ongoing legal advice in managing the business, from management problems, employee related issues, providing current information concerning their business, to avoiding litigation. We have extensive experience throughout the years assisting our clients in navigating the changing corporate laws and options. As our clients' needs change, we adapt to continue to be able to provide the highest level of service and legal advice our clients expect. In addition to assisting clients in the start of their businesses, we have advised them with respect to the purchase, sale and mergers of their businesses.
Our attorneys at Timoney Knox also have extensive experience handling all types of tax issues. Over the years, our lawyers have provided state, local and federal tax planning to individuals and businesses located in Philadelphia, Bucks, Chester, Delaware and Montgomery Counties. Proper planning can considerably reduce an individual's and business entity's tax liabilities and increase a business's profit margin. Our goal is to provide the proper advice to guide you through the complex tax laws in an effort to maximize your returns and business.
On an ongoing basis, Congress, state and local governing bodies amend the tax laws which make it increasingly difficult for individuals who are not tax professionals to stay current. In such situations, it is important to have experienced tax lawyers, such as those at Timoney Knox, on your side. We are committed to having and maintaining a thorough understanding of all the federal, state and municipal tax laws that can impact your liability. We have extensive experience and several of our lawyers are licensed to practice before the Internal Revenue Service, Federal Tax Court and state and local tax authorities to minimize our clients' tax exposure. If there is a tax problem that arises, we are there to work with you to resolve the matter, whether it be by settlement or litigation.
For individuals, our tax law services include the preparation of personal income tax and gift tax returns to minimize your tax burden. All of this is done in an effort to maximize available credits and adjustments and minimize your tax liabilities. We also assist individuals with the following tax-related matters:
- Personal Income Tax
- State and Local Personal Property Tax
- Real Estate Tax
- Federal Estate and Pennsylvania Inheritance Taxes
- Estate and Trust Income Taxes
- Gift tax returns
For businesses of all types, our law firm offers a great variety of tax advice and consulting services, including performing detailed analyses of the possible tax consequences of each transaction. We have the expertise and resources to help corporations, partnerships, sole proprietorships, and other types of business entities with tax-planning strategies designed to reduce their overall tax liability.
To have your business, corporate or tax matter handled by a skilled and experienced attorney, Contact us immediately.
