Tax and Business Succession Planning

When it comes to preparing for the best and worst potential outcomes in taxation and business succession, the Manier & Herod law firm in Nashville is where tradition and innovation meet.

State and Federal Tax Planning

Whether a transaction involves a straightforward purchase and sale of stock or a tax-free spin-off or split-up, sophisticated tax and business knowledge is critical to providing clients with effective representation. Planning in this area involves structuring tax-free mergers and reorganizations, providing advice regarding the tax impact of parent and subsidiary transactions, and planning business acquisitions to maximize future tax benefits.

At Manier & Herod, our tax and business succession planning practice focuses on all aspects of state and federal taxation, including tax planning for individuals and businesses of all types and sizes. The firm's clientele includes emerging and established businesses, entrepreneurs, and professional practices, and its attorneys provide sound, proactive, personalized legal services during all stages of the transition of a business to the next generation of ownership/management.

The firm's attorneys in this practice group work closely with the firm's other practice groups to provide comprehensive and innovative legal and business solutions and opportunities for the firm's clients. In addition, several lawyers practicing in this area are also certified public accountants, and many have experience in tax litigation before the U.S. Tax Court and other state and federal courts.

Astute Business Succession Planning in Tennessee

For owners of closely held businesses of any size, the absence of a well-designed, thoroughly thought-out business succession plan can prove to be a recipe for disaster.

Without proper planning, family businesses routinely prove to be of little value to spouses, children or other family members after the death of the owner. As a result, these businesses are often liquidated at substantially discounted values, or fail in the absence of dedicated successor owners, managers or both. Manier & Herod attorneys practicing in the area of business succession planning work with business owners to help develop plans that provide for an orderly transition of entity ownership interests during life or at death, while ensuring that the business owner and his or her intended beneficiaries receive the maximum value for these interests.

Manier & Herod attorneys who specialize in crafting tax and business succession plans to fit the specific and individualized needs of its clients are:

These skilled lawyers' diverse backgrounds and experiences allow them to respond swiftly to any tax question or controversy that may arise.