Business Tax Planning

Miles & Stockbridge’s tax lawyers work with their colleagues throughout the firm to help business clients effectively plan and administer their operations for tax benefit maximization during the entire life cycle of a business.

Choosing the right business entity at the formation of the business is the foundation of efficient tax planning—we help clients evaluate whether an S corporation, C corporation, limited liability company (LLC), partnership (LLP) or some other vehicle is an appropriate way to meet their growth and financing needs while maximizing tax advantages. We then help them create the appropriate management and organizational structure, with an eye toward the various taxes that states currently impose. We are always alert to the benefits of creative entity variations (for example, combining employee ownership within a partnership structure) that are suited to meet the client’s business tax-planning needs.

Our tax lawyers give advice on creative employee compensation, tax-efficient ways to grow and reorganize the business (including representing buyers in strategic acquisitions) and—for closely held businesses in particular—provide for innovative succession planning, which often integrates with the individual owners’ personal estate planning.