Business & Tax

Bus Tax 2

The Business & Tax Group of Knox McLaughlin Gornall & Sennett, P.C. represents enterprises of every kind. The attorneys in our group are known for the skill and thoroughness with which we structure transactions for clients. In addition, we offer presentations on a variety of practical topics to other professionals through the Knox Law Institute.

We offer expert insight with an ability to see the whole picture in areas such as:

Closely Held Business Planning

  • Formation and dissolution of corporations, partnerships and limited liability companies
  • Drafting bylaws, shareholder agreements and operating agreements
  • Acquisitions and dispositions of business interests
  • Transfers to successor generations and buy/sell planning
  • Tax-free reorganizations such as mergers and spin-offs
  • Private offerings of securities

Nonprofit Organizations

  • Design of organization and governance
  • Securing of federal tax-exempt status

Tax Planning and Representation

  • Like-kind exchanges, liquidating and nonliquidating corporate distributions, installment sale transactions, corporate income, capital stock and franchise tax matters, sales and use tax issues, subchapter S elections, individual income tax issues, and responsible person representation
  • Representation of clients before the Internal Revenue Service
  • Representation of clients before the Pennsylvania Board of Appeals, Board of Finance and Revenue, and Commonwealth Court

Loan Transactions

  • Documentation of loan and other financial transactions for lenders
  • Representation of borrowers in conventional, asset-based, low-interest and tax-exempt financings

Professional Corporations

  • Formation of professional corporations, partnerships and limited liability entities
  • Structuring of employee benefits for the professional

International

Retirement Planning and Executive Compensation

  • Design and draft executive compensation and employee benefit programs, including stock option arrangements, pension, profit sharing, 401(k) plans and ESOPs
  • Advising plan trustees and administrators on all aspects of qualified plan administration and fiduciary duties

Contact: Mark A. Denlinger
(814) 459-2800 • Send an email