Tax

Lores Law takes a practical and proactive approach, helping clients by assisting with any tax related matter, including but not limited to, (i) international,(ii) federal, (iii) state, and (iv) local taxation matters, and (v) structuring transactions to maximize tax benefits and minimize tax obligations.

Some of the services Lores Law offers are:

Legal Representation before the IRS for Audits and Appeals
Tax Collection Defense
Tax Controversy and Litigation
Penalty Abatement

Lores Law advises clients on participation in these programs helping individuals taxpayers to be in compliance with their offshore assets, as well as on the benefits and detriments of each.

International Tax:

I. Offshore Compliance

Foreign Account Tax Compliance Act (FATCA);
Foreign Bank and Financial Account (FBAR);
Bank Secrecy Act; and
Foreign Corrupt Practices Act (FCPA).

Currently, the IRS offers five options for resolving noncompliance involving foreign assets. Lores Law advises clients on participation in these programs, as well as on the benefits and detriments of each. These programs are:

II. Voluntary Disclosure Guidance

Streamlined Domestic Offshore Procedures
Streamlined Foreign Offshore Procedures
Delinquent FBAR Submission Procedures
Delinquent International Information Return Submission Procedures

1031 Exchange Services

Need help with your 1031 Exchange? Lores Law can help!

The sale of a business or investment asset can create a large tax liability. A properly structured tax deferred exchange under Internal Revenue Code §1031 allows businesses and individuals to defer the recognition of capital gains and other taxes associated with the sale, as long as new assets are purchased to replace the relinquished assets. In general, most 1031 Exchanges are structured as a real property (real estate) exchanges.

To have the benefit of a 1031 Exchange, the property (or business asset) must have been held by the client for productive use in a trade or business, or for investment purposes. The property (or business asset) must also be exchanged for like-kind replacement property that will be held for similar purposes. With few restrictions, exchanges allow businesses and individuals the flexibility to sell and buy property with no significant changes to the terms of the sale and purchase agreements.

By utilizing a 1031 Exchange, clients are able to maximize their capital by deferring the taxes that would otherwise be incurred on an outright sale of their property and use the entire amount of the equity from the 1031 Exchange to acquire substantially more replacement property. Properly structured, a 1031 Exchange becomes an invaluable tax savings and wealth preservation tool. For more information regarding a 1031 Exchange and how to property structure your next transaction, please contact our office.

When you are selecting a Qualified Intermediary to assist you in your next 1031 Exchange transaction, let Lores Law help you who has the highest level of security, expertise and service to offer our clients.

Investors complete 1031 Exchanges to defer the capital gains tax on the disposition of their investment properties. There are many different types of exchanges that are available to investors, each with their own specific requirements and limitations.

Lores Law 1031 Exchange Services

Real Estate Exchanges

Reverse 1031 Exchange

Business Law

Corporate Services

Whether your enterprise is a start-up or, a closely held family business or a public franchise, succeeding in today’s marketplace requires more than “business as usual.” In this value-based, highly regulated climate, non-economic performance parameters – such as corporate compliance and governance – are as critical to your success as your company’s bottom line. Our services include:

corporate governance
corporate compliance and ethics
mergers and acquisitions
venture capital and private equity
white collar defense

Corporate Governance

The ever-evolving and stringent regulatory environment you operate in today demands proactive legal advice to ensure that corporate governance matters are carefully and adequately addressed in your organization.

Whether your company is private or public, domestic or global, you can rely on Lores Law commitment to practical and vigilant representation for the full range of corporate governance matters. Some of the services we provide include:

board composition, structure and requirements
regulatory and internal investigations
litigation avoidance

From Concept to Completion: Ongoing Representation; Lores Law can guide you all the way.

You can rely on Lores Law for experienced counsel long after the negotiation of your original transaction. Lores Law will hold your hand from beginning to end and even after. Lores Law stays with you, prepared to advise you throughout the lifecycle of your business venture.

Private Companies

Private companies are the lifeblood of American business. Nearly 80 percent of businesses in North America are private companies that are either family-owned or operated. Like all companies, these family businesses face myriad challenges in today’s economic environment. But unlike other companies, a family business must face the added and often complicated obstacle of family relationships.

Lores Law understands that business is not just your passion; it is your livelihood. Lores Law understands your business is unique and requires customized advice tailored to your specific needs and objectives. And Lores Law understands relationships with other family members can create additional challenges that must be addressed.

With this understanding in mind, Lores Law places an emphasis on learning your personal and professional needs so we can provide integrated and effective legal counsel. We work with you to manage your business objectives alongside your personal financial and lifestyle goals to craft a plan that accomplishes both.

Business Immigration Solutions

Lores Law PLLC understands that immigration issues are vital to companies that must bring talent to the U.S. from foreign affiliates or fill positions that require unique skill sets. Lores Law advises clients in securing waivers or achieving other mitigation when visas or travel requests are rejected by immigration officials

Estate Planning

Wealth Planning and Preservation

Succession Plan Analysis

As the largest generation of U.S. business owners contemplates retirement, some find themselves in better shape to walk away from the business, confident their goals will be met, whether those goals include a positive cash flow that will support them in their next phase or a continuation of their legacy. However, a business owner’s personal financial success is often inexorably intertwined with the future of their business. And yet, most business owners do not know how to assess elements of this symbiotic relationship to make the most of their hard work.

Estimates suggest more than 70 percent of family-owned businesses do not survive the transition from founder to second generation primarily to unrealistic or poor planning or lack of interest on the part of the successor generation. If you intend to preserve your business legacy, an in-depth analysis of all documentation and planning processes is in order. Call today and ask for yours. You need an impartial review of all of your business and personal matters, including:

corporate documentation, structure, and business plan
coordination of estate planning documents with the business succession plan.

Tax