A Family-Owned Law Firm Providing the Highest Level of Service to the Accident and Medical Malpractice Victims in Central Illinois.
Holder Law Group, LLP Unique Qualifications
Chas Holder controls the business transaction and legal tax division of Holder Law Group, LLP. He brings very unique and desirable qualifications to the practice as he is a CPA, JD, and graduated in business from the University of Virginia McIntire School of Commerce with high marks. This tailored skill set puts his clients at an advantage with his knowledge and experience. We provide legal services in both transactional business and legal tax arenas.
Business Entity Formation For those who are beginning a new business venture, it is critical to choose the proper legal structure. While websites and non-legal firms may allow you to legally create a new entity at a minimum price, how do you know it is the right entity for your business? Should it be a corporation or an LLC? What are the tax consequences of electing S corporation status?
To determine the best answer to these and many other questions, there is no substitute for seasoned legal counsel. Every situation is unique, and numerous complex factors, such as taxation, liability protection, and control by multiple owners, must be carefully considered. Our firm assists owners in determining the optimum structure for their business entity, whether it is a corporation, partnership, limited partnership or limited liability company. Once the right type of entity is identified, we draft the relevant legal documents with the most beneficial provisions and advise you on employment and tax issues.
General Business Services For existing businesses, The Holder Law Group, LLP provides a full range of services. For a corporation, these may include assistance with implementing a buy-sell agreement, the redemption of a shareholder, or a reorganization. For a limited liability company, the careful preparation of an operating agreement that tackles such difficult issues as managerial control and transfer of ownership interests will help avoid costly disputes and litigation among the owners. Any business with a key employee may need to protect its relationship with that employee by using an employment agreement or non-competition agreement. In many cases, these tasks are accomplished while also considering business succession issues, as well as the individual owner’s personal estate planning needs.
Because The Holder Law Group, LLP has an extensive tax background, we recognize that minimizing tax costs is a critical component of business planning. Examining tax implications of business restructurings, investments, divestitures or compensation issues can make significant differences in the ultimate financial success or failure of a business entity.
Business Divisions and Liquidations From time to time, an enterprise may need to divide into separate parts to accomplish its financial goals, to protect itself from potential liability, to achieve tax savings, or to resolve a conflict among its owners. For a corporation, this is often accomplished by implementing a spin-off, a split-off, or a split-up, which can be completed in a tax-free manner in many situations. These can be complicated transactions with multiple tax implications.
When it becomes necessary to terminate an entity, both legal and tax issues must be considered. The Holder Law Group, LLP can assist you in planning an orderly liquidation with minimal tax consequences.
Commercial Real Estate. The Holder Law Group, LLP provides legal services for all types of commercial real estate transactions with an emphasis on tax planning.
Income Tax Planning when done correctly, the client’s investment in income tax planning will yield benefits far in excess of the costs. Whether structuring a compensation package, starting a new enterprise, purchasing equipment or selling property, income taxes are a significant factor that must be considered. Clients routinely rely on our professionals’ experience and knowledge to advise them on structures and methods to legally minimize their income taxes.
Tax Return Compliance and Review
As a full-service tax practice,Holder Law Group, LLP also offers tax return compliance services to clients who have more sophisticated needs or who prefer dealing with a single firm for both legal and tax compliance assistance. Chas Holder is a tax professionals who has been trained extensively in the preparation of tax returns, which enhances our ability to provide these services.
Our Legal tax services primarily focus on partnerships, S corporations, DISCs, estate and gift transactions, higher net worth individuals and resident and nonresident aliens. These services are frequently performed in conjunction with other legal services, such as entity formation, international tax planning and estate and trust administration.
At Holder Law Group, we believe in small-town personal contact coupled with major monetary results for our clients. We are always available to discuss your case. Either call us directly of submit a confidential form below. With the Champaign car accident and personal injury legal team at Holder Law group on your side you can expect:
Attorneys at The Holder Law Group represent clients in the following Central Illinois Counties:
Champaign County, Coles, DeWitt, Douglas, Edgar, Effingham, Ford, Iroquois, Kankakee County, Livingston, Logan, Macon, McLean, Moultrie, Piatt County, Sangamon, and Vermilion County.