Planning keeps our clients ahead of the game. Every business and individual faces tax obligations, and advising on tax matters is a key part of our business practice at HCMP. Attorneys in our Business Group have extensive experience in the areas of:
- partnership taxation;
- tax-free reorganizations;
- business acquisitions and sales;
- like-kind exchanges;
- corporate stock redemptions;
- unrelated business income tax;
- estate and gift tax (See Estate Planning & Succession); and
- Washington State sales, use, business & occupation and real estate excise taxes.
With this considerable experience, our attorneys provide advance guidance in structuring transactions and investments to avoid tax traps and maximize return. In certain transactions, we partner with tax experts at our clients' accounting and investment firms to expand the pool of expertise on important tax issues. In certain specialized areas, such as ERISA, we have established relationships with outside lawyers who practice exclusively in those areas, and we consult with them as needed to help our clients achieve their goals.
We look for the opportunities for success in every challenge. At HCMP, we have found that utilizing the existing tax expertise within our Business Group, combined with engaging outside experts where advantageous, has several benefits. First, our approach ensures that tax issues will be considered within the context of the entirety of the transaction, considering the business needs of the client. Second, it allows for a more cost-effective, targeted approach to the client's needs in a particular transaction. Finally, our approach facilitates coordination among the lawyers, accountants, and business people involved in the transaction. It's approach that maximizes efficiency and eliminates unnecessary duplication of effort.