Practice Areas

Taxation

For any business, success depends on dealing with a diverse and ever-evolving array of tax rules.  Our goal is to maximize after-tax results for our clients within applicable laws and relations.  Greenberg Glusker’s fully integrated tax practice offers clients counsel and representation in local, state, federal and international tax issues. 

We provide comprehensive and strategic tax planning advice, combining a thorough knowledge of tax laws with a pragmatic problem-solving approach.  We serve partnerships, limited liability companies (LLCs), corporations, private equity funds, tax-exempt organizations and individuals in a wide variety of transactions. 

Our attorneys and tax specialists attempt to use tax-free or deferred methods to form, organize and finance businesses.  We counsel in connection with financings, reorganizations, split-ups, joint ventures, executive compensation packages, acquisitions, dispositions and wind-ups.  

Attorneys in our Taxation Group often act as special tax counsel on transactions with particularly tax-sensitive or emerging tax issues.  Such deals may include real estate and film syndications, tax-deferred exchanges, real estate investment by tax-exempt entities, cross-border transactions, business mergers, acquisitive and divisive reorganizations, resolution of disputes among business owners, granting equity interests to key employees and business liquidations. 

Our practice includes frequent client representation before the Internal Revenue Service, California Franchise Tax Board, State Board of Equalization and other government agencies in connection with tax audits and other tax controversies. 

Representative Experience

  • Represented “A-List” producer of horror and action films in closing the financing with senior and mezzanine debt and equity of a slate of 15 films.
  • Represented the owner of the Oakland Athletics in negotiating the acquisition and financing of a new baseball stadium.
  • Advised major commercial nursery in reorganizing its capital structure to provide classes of junior equity to key employees.
  • Minimized income and property taxes through the structured redemption of 50 percent owners of a major commercial center by a remaining owner.

For more information, please contact Gary Kaplan.

Exchanges, Sales & Reorganizations

Our Taxation Group is regularly engaged in tax structuring of business stock and asset sales, mergers, and business reorganizations such as recapitalizations and spin-offs. We render advice on dispositions of real property, often as tax-deferred, like-kind exchanges.

Additionally, our attorneys often provide advice in connection with the condemnation, or sale under threat of condemnation, of real property.

For more information, please contact Gary Kaplan.

Organizing & Structuring

Our Tax attorneys work closely with the Corporate attorneys in organizing and structuring partnerships, LLCs, corporations, and S corporations for clients operating or investing in a vast range of businesses.  Many of these entities conduct private offerings of equity interests.  The Taxation Group focuses on the tax implications of the choice of entity and the tax effects of the business deal on the equity owners.  We  also advise on the tax aspects of various equity compensation arrangements, including options, appreciation rights, restricted stock, and phantom equity.

In the course of conducting business, disputes sometimes arise between business owners.  We regularly advise clients during the resolution of these conflicts and maintain a sharp focus on minimizing the adverse tax consequences in these matters.

For more information, please contact Gary Kaplan

International Taxation

For our client clients conducting business overseas, we advise on the most tax-efficient structures available to them. We also advise foreign clients purchasing assets or starting businesses in the US.

Our Taxation Group works with correspondent firms in the World Law Group. This powerful legal alliance maintains offices in most major global economic centers and allows us to coordinate U.S. and foreign legal and tax strategies.

For our entertainment clients working internationally, we regularly advise film producers and talent in connection with overseas film production.

For more information, please contact Gary Kaplan.

Individual Taxation

We advise on individual tax planning issues, including the sales of principal residences, management of “passive” losses, capital gain vs. ordinary income issues, and deferred compensation arrangements.

Our Taxation Group collaborates closely and effectively with our Estate Planning Group to structure and execute our clients’ wealth preservation and transfer strategies. We create family partnerships and restructure corporations and LLCs to provide for the tax-efficient transfer of assets and businesses to younger generations. We also advise on charitable giving programs and offer continuing counsel on organizing and running family private foundations.

For more information, please contact Gary Kaplan.

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