When seeking advice and support for your business – whether you are just starting out or have been around for a number of years – you need a resource who can speak to strategic action in terms of the law, the tax code, and business itself. This type of comprehensive consulting is extremely rare, and the vast majority of businesses hire three separate entities to cover these three distinct areas.
Skalski Law is a unique exception in that we offer exactly this type of inclusive service. At our core, we approach our client work from the perspective of business – after all, that’s what we are, and we understand what it means and takes to operate a business. In addition, we have implemented successful strategies with previous clients that span countless industry types, business sizes, and corporate structures. Our expertise is evident in how we apply all we’ve learned and seen over the years.
Woven into this foundation of business is our dual professional expertise in law and tax. What that means for our clients is that we address all needs, questions, and decisions within this extensive framework. Sometimes an action may make sense from a tax perspective, but it may not be legally sound. Alternatively, you may consider taking a certain step, but it could end up costing in the long run due to inadvisable tax implications. We cover all of these bases when we consult with you.
It is also essential to note that because we are a law firm, all work with our clients is protected by attorney-client privilege. This privilege is significantly more expansive than that inherent to an accountant-client or consultant-client relationship. For instance, if you make statements or provide documents to your accountant, he/she can be compelled to divulge them through the IRS or courts. But, in certain instances, we are able to hire an accountant on your behalf that is in effect our subcontractor (through the Kovel arrangement), so the attorney-client privilege is extended into your tax matters, which is ideal.
Here are some of the questions and issues we can address with you:
- What is the best legal strategy for my business considering my current situation/need?
- How should I establish my business effectively for tax purposes?
- What should I be doing in my business to protect myself legally, and minimize personal risk?
- Which is better – to lease my business facility/office or buy?
- What steps should I take to start my business effectively from the beginning?
- How to I protect my individual assets if I own a business or am in a partnership?
- What if I get sued by a client or employee?
- What is best for my business – a partnership, LLC, LLP, or corporation?
- How do I know I’m minimizing my tax liability, and not paying too much in taxes?
- My business has cash flow challenges. What are my options?
- I have some real estate that I can sell – is this a good option to improve cash flow? What would be the downside, or upside? Should I instead consider borrowing against it, leasing it, developing it, or donating it?
- How do I bring in a business partner, employee, or independent contractor? What do I need to be concerned about, or vigilant about?
- How do I sell my business?
- What happens to my business if I die?
- I want to leave my current job to start my own business, but I signed an employee agreement. What can I do?
- I may be the victim of targeted downsizing, or have lost my job unfairly. What are my legal options for recourse?
There are lots of questions and opportunities in business, and we have answers. Let’s talk further. Call or email today.