Business & Tax

The Business & Tax Group of Knox McLaughlin Gornall & Sennett, P.C. represents enterprises of every kind. The attorneys in our group are known for the skill and thoroughness with which we structure transactions for clients. In addition, we offer presentations on a variety of practical topics to other professionals through the Knox Law Institute.

We offer exceptional insight with an ability to see the whole picture in areas such as:

Closely Held Business Planning

• Formation and dissolution of corporations, partnerships, and limited liability companies
• Drafting bylaws, shareholder agreements, and operating agreements
• Acquisitions and dispositions of business interests
• Transfers to successor generations and buy/sell planning
• Business Succession Planning
• The Family Private Equity Model
• Tax-free reorganizations such as mergers and spin-offs
• Private offerings of securities

Mergers & Acquisitions

• Sell-side transactions
• Buy-side transactions
• See also: Mergers & Acquisitions Process Overview Series

Nonprofit Organizations

• Design of organization and governance
• Securing of federal tax-exempt status

Tax Planning and Representation

• Like-kind exchanges, liquidating and nonliquidating corporate distributions, installment sale transactions, corporate income, capital stock and franchise tax matters, sales and use tax issues, subchapter S elections, individual income tax issues, and responsible person representation
• Representation of clients before the Internal Revenue Service
• Representation of clients before the Pennsylvania Board of Appeals, Board of Finance and Revenue, and Commonwealth Court

Loan Transactions

• Documentation of loan and other financial transactions for lenders
• Representation of borrowers in conventional, asset-based, low-interest, and tax-exempt financings

Professional Corporations

• Formation of professional corporations, partnerships, and limited liability entities
• Structuring of employee benefits for the professional

International

• As a member of Lawyers Associated Worldwide, the group is able to provide clients with immediate access to qualified professionals around the world

Retirement Planning and Executive Compensation

• Design and draft executive compensation and employee benefit programs, including stock option arrangements, pension, profit sharing, 401(k) plans, and ESOPs
• Advising plan trustees and administrators on all aspects of qualified plan administration and fiduciary duties
• Qualified Domestic Relations Orders