Law and Tax Consulting Services

Customized And Tailored To Solve Your Unique Goals

ASSET PROTECTION & ESTATE PLANNING

Here's a brief overview of our estate planning services:

  • Asset protection (business and personal assets)

  • Tax reduction (federal and state level taxes)

  • Asset preservation (wills, trusts, and foundations)

  • Legal filings: corporations, LLCs, partnerships, FLPs, etc.

  • Aligning your law, tax, and financial "teams" together

  • Creating your "virtual family office"

TAX-SAVVY INVESTING

We can help you formulate and implement strategies that are designed to lower the following taxes:

  • Lowering overall personal taxable income (AGI)

  • Lowering capital gains taxes

  • Lowering federal estate and gift taxes

  • Lowering state inheritance tax and probate costs

  • Lowering estate & trust taxes (income/gains)

PHILANTHROPIC IMPACT INVESTING™

Build a legacy that transcends mere financial success by transforming into an impact investor, while enjoying a plethora of benefits, such as:

  • Lower multiple layers of taxes with your foundation

  • Protect assets by donating them to a foundation

  • Build an extensive and diversified portfolio of assets

  • Contribute in a structured and consistent manner

  • Support causes directly through donations and grants

Examples: Gates Foundation, Buffet Foundation, etc.

LAW AND TAX PLATINUM PROGRAM

Gain access to our entire network of attorneys, tax professionals, and investment advisors without hourly rates:

  • Unlimited Consultations with our Attorneys

  • Ask Unlimited Questions to our Tax Professionals

  • Access Weekly Open Office Hours

  • Explore our Extensive Law & Tax Knowledge Hub

  • Attend Weekly Interactive Law & Tax Webinars

  • Access a Vast Library of Legal Forms and Templates

  • Gain Access To Over 5,000+ Law, Tax & Finance Professionals

Digging Deeper

Let's Take A Look At The Strategies We Offer In More Depth

1: Comprehensive Estate Planning:

Everything owned at the time of one's death is a part of their estate, and an estate has to go through the probate process to be "distributed" in accordance with the deceased's wishes. Probate can be a long and expensive process, is public, and can be time consuming.

Our estate planning process generally involves:

  1. Identifying your short and long-term wealth protection goals (during your life and after death).

  2. Incorporating wills, trusts, and powers of attorney to carry out those goals strategically.

  3. Structuring estate plans to lower potential probate costs and transfer taxes (estate tax, inheritance tax).

  4. Incorporating asset protection strategies to protect personal assets from lawsuits and creditors.

Our goal is to help you figure out what assets can go through probate, what assets could be removed from your estate to avoid probate, and the technicalities involved in each of those strategies.

2: Asset Protection Solutions:

Asset protection could relate to the protection of business assets or personal assets. Let's break down personal assets further into "essential" assets (main residence, personal vehicles, etc.) and "investment" assets (rental properties, stocks, shares, crypto, etc).

When we dive into strategies related to asset protection, we generally look at how:

  1. Business assets can be protected from lawsuits or conflicts from internal or external parties.

  2. How to use commercial (LLCs and Incorporations), pass-through (wills and trusts), and tax-exempt (nonprofits and foundations) entities to hold, buy-sell, trade, control, and safeguard assets.

  3. Creation of holding companies and other legal entities to create anonymity and privacy.

  4. Use of other strategies to deter creditors from pursuing your assets (becoming judgment-proof).

    Since 2005, we have worked with thousands of people who have needed asset protection from all sorts of lawsuits, risks, threats, notices, and frivolous claims.

3: Tax Planning and Reduction Strategies:

As a general rule, all income is taxable, regardless of the source, unless there's an exception or exclusion that applies. We have examined thousands of cases and hundreds of official publications to help people understand the technicalities of the tax code, so they are making smart and informed decisions.

We provide education, strategy, and consulting around several tax topics, including:

  1. Developing tax-efficient strategies to minimize income, estate, capital gains, and gift taxes.

  2. Utilizing tax-deferred investment vehicles and charitable giving strategies.

  3. Advanced tax planning strategies for business exits, liquidation of stock, sale of assets, etc.

  4. Analyzing tax implications of transferring assets through your estate versus a trust.

  5. Analyzing tax advantages of using tax-exempt vehicles such as private foundations.

    There is no one-size-fits-all strategy when it comes to tax reduction, and you should be extremely careful when purchasing services that offer a "loophole" or "one-size-fits-all" legal solution that claims to reduce or defer taxes.

4: Business Sale, Transfer, and Succession:

Business succession relates to the smooth transfer of ownership and control of a business, whether that's to an existing business partner, employee, outside party, or to family members. This can involve steeping down from your position as CEO/Owner, selling the business, transferring the business to a trust, or a combination of these strategies.

Here are some of the questions and factors that we dive into:

  1. Creating succession plans for smooth ownership and management transition.

  2. Drafting buy-sell agreements, transfer agreements, and shareholder agreements.

  3. Advanced strategies for transferring a family business to heirs (FLP vs Trusts vs Other).

  4. Considerations when selling or exiting the business to reduce capital gains taxes.

5: Strategic Philanthropy Services:

Philanthropy generally refers to the donation of time, talent, or treasure, or a combination of all three, in a strategic, habitual, and long-term manner. Charity is generally the donation of time, treasure or talent in a sporadic, one-time, or irregular manner.

We have extensive experience in helping business owners, investors, and individuals transform into purpose-driven philanthropic leaders in their communities through the incorporation of public or private nonprofit organizations. This is referred to as strategic philanthropy - the fusion on your financial bottom-line with an impact bottom-line.

Public nonprofits, are incorporations that have been exempt from federal taxation under 501(c)(3) of the tax code. They are generally structured to further charitable, religious, research, youth sport, or educational initiatives.

If they are funded by multiple sources - They can generally classified as public nonprofits. These organization can receive grants and donations from the government, from nonprofits, from corporations, or from individuals. They can offer goods and services to the public.

Examples: Harvard University, MIT, Red Cross, Goodwill.

If they are funded by one primary source - a corporations or a family, they are classified as private foundations. Private nonprofits can be created to serve the public (museums, zoos, etc.), or they can be structured as "non-operating foundations", which are investment, donation, and grant-making organizations. Here, the family sits on the board, invests the funds, and donates 5% or more every year to other nonprofits.

Examples: Gates Foundations, Buffet Foundation, Toyota Foundation, Honda Foundation, etc.

Here are some of the services we provide for nonprofits and foundations:

  1. Establishing private foundations (we call this a Charitable Impact Fund™).

  2. Developing charitable giving strategies aligned with client's values.

  3. Developing a robust "corporate philanthropy" program that aligns for-profit and nonprofit missions.

  4. Ongoing education, mentorship, and support services for board members

6: Asset Sale, Exit, and Transfer Strategies:

If you are looking to sell assets, whether real estate, public stock, private stock, crypto, retirement accounts, IRA, Roth, 401K, vehicles, farm land, etc. - we can help. We typically like to get engaged before the sale, exit, or withdrawal happens, but we can help you after the fact, in some situations.

Here are some of the strategies that we can help with:

  1. Conducting investment strategies and developing customized portfolio strategies.

  2. Monitoring investment performance and making strategic adjustments (as needed).

  3. Advanced business exits, M&A, asset sales, or asset protection strategies.

  4. Asset donations to private foundations vs donating gains to the founadtion.

7: Business Pivots And Asset Monetization:

Business moves at the speed of light, and changes in the economy, the laws, and even case ruling can impact your business, unless you pivot and adopt. Darwin's quote, adapt or die, holds true for businesses as well, as our team knows all about the art and science of pivoting.

Here are some of the strategies we can help with:

  1. Business restructuring and pivoting, including entities and tax structures.

  2. Asset reclassification, sale, transfer, and donations.

  3. Asset and IP monetization strategies, including licensing, M&A, or exits.

8: Estate, Trust, and Foundation Support:

LLCs, incorporations, wills, trusts, and foundations are more than documents designed to stored on a shelf, these are entities that need constant updates and maintenance to ensure they are in compliance and being used effectively.

  1. Commercial entity compliance services - LLCs and Incorporations

  2. Pass-through entity compliance - wills, revocable trusts, and irrevocable trusts

  3. Nonprofit entity compliance - public nonprofits, and private foundations

  4. Support services for the parties involved - grantors, trustee, and beneficiaries

9: Joint Ventures and Strategic Alliances

We not only setup hundreds of joint ventures and strategic alliances for clients, but have engaged extensively in joint ventures ourselves, since 2001. We have the knowledge, experience, and support services that can help you consider, engage, or even offer robust joint venture opportunities.

Here are some services we offer:

  1. Examining legal documents and spotting conflicts

  2. Strategies related to ownership and distributions of assets upon dissolution.

  3. Strategies related to funding, growing, and managing the joint ventures.

  4. Exploring our flagship joint venture program: Law Firm In A Box with those interested in learning these strategies and offering it to their clients.

10: Public Nonprofit Organizations and Grants

We have helped hundreds of entrepreneurs and investors create public nonprofit organizations, mostly educational or research based, that are supported and funded by corporate nonprofit foundations (such as Google Foundation, Microsoft Foundation, Amazon Foundation, etc.).

Here are some services we offer:

  1. Researching and creating a public nonprofit organization that's a recognized 501c3 tax-exempt organization.

  2. Filings and approvals at the state and federal level (IRS)

  3. Bylaws and organizational documents among board members and with donors

  4. Help with creating and launching a nonprofit website that's impactful and professional

  5. Grant and funding opportunities from corporate foundations and government agencies

  6. Ongoing marketing, growth, and expansion opportunities and strategies

We Invite you to schedule a confidential call to discuss how we can use these strategies to help you accomplish your goals

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Available Starting times for Sun, Jul 21, 2024

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Law and Tax Consulting, LLC.

IMPORTANT: LEGAL DISCLAIMER

The information contained on this page does not constitute legal, tax, of financial advice and is strictly for educational and entertainment purposes only. Please consult an attorney or advisor in your area to get a second opinion on legal matters. We are a consulting firm that houses attorneys, accountants, and other licensed professionals who who execute strategies for our clients. No attorney-client relationship is formed by scheduling a call, filling out forms, attending workshops, participating in the Hotline, or by sending us an email.