Often when property is gifted, whether directly or perhaps into a trust agreement, the transfer may be incomplete or only partially complete. An incomplete gift may be from design, and some estate planning attorneys will use an incomplete gift purposefully within an overall estate plan. Other times, the gift may be incomplete, but not necessarily […]
Under Section 2040(a) of the Internal Revenue Code, all jointly owned property must be included within a decedent’s estate, except for any portion that can be shown to have originally belonged to the surviving joint tenant, and that was never received or acquired by the surviving joint tenant from the decedent for less than full […]
In a recent article, a Denver business attorney from The McGuire Law Firm discussed a cash for asset acquisition. The article below will discuss a related type of transaction that is similar, but also quite different called a stock for assets acquisition. A stock for assets acquisition may also be called “C Reorganization” and can […]
If you are a business owner in Denver, the City and County of Denver has a number of different types of taxes that can be assessed by the treasury division and may apply to your business. The article below has been prepared by a tax attorney from The McGuire Law Firm to provide additional information […]
What is a holding company? Generally, a holding company could be viewed as a company that owns the stock or interests in another company. For example, Corporation A could own 100% of the stock of Corporation B and thus Corporation A would be a holding company. A holding company can potentially reduce risk and exposure […]
The McGuire Law Firm provides a free consultation with a business attorney. John McGuire, the founding partner of The McGuire Law Firm believes it is important to provide a free consultation to small business owners for many reasons. First and foremost, as a business attorney, Mr. McGuire views his relationships with clients as a long […]
What are some of the typical or general documents and agreements that parties will enter into when business assets, business interests or a business are being purchased and sold? This is a common question a business owner may ask their business attorney when they are preparing to sell their business or purchase a business. Although, […]
Can a IRS tax lien be released? This is a common question asked of a tax attorney when an individual or business owes taxes to the IRS and the IRS has filed a tax lien. The answer is, yes, a tax lien can be released under certain situations and circumstances. The video below has […]
Many individuals who own closely held business interests, such as an interest within a limited liability company or closely held corporation will enter into a buy sell agreement. These individuals (and perhaps their estate) may accomplish a number of planning objectives and goals with a buy sell agreement, and potentially optimize income, gift and estate […]
What is a letter of intent? This is a common question a client may ask their business attorney. A letter of intent may be used in a handful of circumstances and can be useful tool when parties are attempting to spell out the major terms and conditions of an agreement prior to moving forward with […]