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Value of Good Legal Work
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TAX & SUCCESSION PLANNING LAWYER
Legal knowledge and experience applied to your strategic advantage.
Intelligent tax planning is an essential element to successful business
transactions and ongoing corporate operations. Given the
increasing complexity of tax laws, it is essential that you have
knowledgeable legal counsel to direct you through the many onerous
personal and corporate taxes challenges that your business encounters.
Preparation from a tax lawyer's perspective begins with the initial
strategic planning and the assessment of your current business tax
situation in contrast to alternative tax scenarios. With this tax
knowledge, we are capable of developing an appropriate strategic
approach to your tax situation. Working with your accountants on
the completion of the requisite tax forms, while drafting supporting tax
documentation, is essential to positioning your business to optimize tax
minimization strategies while countering the prospects of adverse tax
litigation. Our goal is to structure your business and its
operations to maximize tax efficiencies while minimizing risk.
Examples of tax law work include: section 85 tax rollovers, estate
freezes, butterfly reorganizations, tax programs (i.e., scientific
research and experimental development tax credit, Canadian controlled
private corporation - small business deduction).
Planning for success means planning early and wisely.
Business succession planning is really about preparing your business for
its future sale or transfer, enabling the business owner to exit with
the highest return from your investment while having confidence in the
business' continued operational success (thereby increasing the
certainty of your pay-out, if so structured).
What is amazing about succession planning is how little time and
preparation is often dedicated by the current ownership to its pursuit.
Instead, far too many owners simply believe that the value is there and
they will be able to take it when they decide to retire or pursue an
alternate venture. That is rarely, if ever, the case.
Effective business succession planning requires considerable preparation
that should begin many years in advance of the actual departure.
It transforms an operational business into a transitional business,
which is tweaked and modified to obtain the most value from its
By waiting until the last minute to transition out of your business
(which is a horrible plan given all the time and effort you've expended
to make the operational business a success), you will in most cases be
taking a massive cut in your realizable financial return. It is
astonishing how much upside business owners throw away because they fail
to adequate plan long in advance. Planning that is undertaken with
the right team of experienced professionals (lawyers, accountants,
investment advisors, business consultants), whose knowledgeable advice
is implemented, pays serious financial dividends.
knowledgeable and experienced legal representation in advancing your
business' commercial operations, while protecting your corporation against legal attacks and other competitive challenges, contact
Toronto corporate lawyer Christopher R. Neufeld at 416-887-9702 or
Toronto Corporate Lawyer
R. Neufeld with
the law firm of Neufeld Legal
Professional Corporation (operating at 1 Yonge Street, Suite 1801,
Toronto, Ontario), is admitted to practice
law in both Ontario and New York State. Christopher's legal
practice focuses primarily on corporate
commercial transactions and contract work. The content of this website is purely
for informational purposes and should not be relied upon - as you should
consult a lawyer with respect to the specifics of your particular
prior to contacting us and be advised that contacting us does not create
a lawyer-client relationship. See also
www.LawTax.ca. COPYRIGHT 2009-10.