Business/Corporate and Banking Law Practice
Tax and other Implications of forming a business organization (e.g., corporation, partnership, S Corporation. or limited liability company).
Choice of Organizational FormTax and other implications of forming a corporation. Detailed analysis of I.R.C. 351 and related sections (e.g., I.R.C. 61, 358, 357, 701, 721, 1001, 1221, 1361).
Start-Up ExpendituresPursuant to I.R.C. 195, beginning in 2010 a taxpayer may deduct for the taxable year in which the active trade or business begins an amount equal to the lesser of the amount of start-up expenditures with respect to the active trade or business or $10,000, reduced (but not below zero) by the amount by which the start-up expenditures exceed $60,000.