Tax planning and tax strategies are paramount in every business decision. Whether the corporate transaction involves a merger, acquisition, restructuring, public or private offering or financing, consideration must be given to the tax consequences of the proposed transaction. Mitigation of tax obligations is important to every taxpayer.
Baker & Daniels has extensive tax experience in all phases of the life of a business entity — from choice of the type of entity formed to mitigate the tax consequences (whether the business should be a C corporation, S corporation, partnership or limited liability company) to tax planning strategies to exit the business (whether through estate planning, going public, or private sale).
Our professionals provide extensive experience in navigating the tax complexities and far-reaching implications in merger and acquisition transactions. Additionally, during negotiations of a purchase and sale of a business, buyer and seller are often at odds. Baker & Daniels helps our clients navigate the negotiations related to the structure of the transaction (whether an asset or a stock purchase), purchase price allocation and tax indemnity clauses.
With nearly 100 years of collective tax experience, Baker & Daniels has extensive tax experience in many other areas. We represent multiple tax-exempt organizations and real estate investment trusts (REITs) by providing advice, rendering tax opinions and obtaining letter rulings from the IRS. We provide experience in structuring transactions where appropriate to take advantage of tax statutes by providing historical tax credits, new market tax credits and low-income housing credits. If a controversy does arise, we represent taxpayers before the Appeals Office of the IRS and the U.S. Tax Court.