This law firm provides planning with an eye toward the financial, tax, family and business considerations associated with buying and selling of businesses. Determining the choice of entity (regular C corporation, S corporation, LLC, limited partnership, family limited partnerships, etc.) for the acquisition; to optimize; tax benefits is also considered and determined.
Our many years of experience in tax and legal business planning allow us to address the complex issues of buying or selling a business. We can assist you in developing and implementing a strategically sound plan that will facilitate this transaction.
The proper legal documentation to facilitate the structuring of the purchase or sale of a business is a critical step in the process of buying or selling a business. Using proper due care and diligence in crafting of the legal documents to address the particular terms of the transaction as well as other required provisions such as warranties, representations and guarantees is essential and imperative.
As part of this process, we also address critical issues such as cash flow analysis, tax considerations, and proper security terms and mechanisms to insure that the amount due from any sale is received by the seller.
In any event, critical to any successful business sale is the drafting of carefully thought out legal documents.
In certain situations, the use of various tax-free reorganizations, mergers or Section 355 spin-offs, to facilitate the re-organization of business operations for tax or practical reasons may be employed for maximum tax effect.
Hiring Steven was quite possibly the best decision of my life! Steven took the time to hear every single one of my concerns and address them in an extremely clear, concise and thorough manner. He guided me through the notoriously complicated and stressful process of probate with the utmost of compassion and dedication. Thank you Steven!
I highly recommend Steven J. Fromm for all your estate and tax planning needs. He has the most complete and thorough knowledge of current as well as pending federal, state, and local tax codes of any professional that I have ever been involved with. His ability to totally sort out your current financial condition and relate it to a plan to minimize your tax liability and allow you to sleep at night is without equal. He is professional, timely, creative, and an advocate for your needs, whether its personal or business. You can be assured that you will be well taken care of, with cutting edge/ sound financial and tax advice by Steven J. Fromm.
I have always found Steve to be very responsive, accurate and creative in legal matters presented to him. He demonstrates a good business sense. We have collaborated on several highly technical issues over the years. I look forward to our continuing relationship.
Steven has been instrumental in helping my partner and I to create a secure and satisfying estate plan, which meets or exceeds all of our wishes and contains contingencies for everything from medical issues to wealth management and living wills. In this process, Steven has also become a friend. If you need Estate Planning, Tax Advice, a Will or a trust, etc., we highly recommend Steven Fromm, Esquire. He will listen and be sensitive to your unique situation.
Steve is an excellent attorney who has provided help for my family personally for business, tax, and other services for many years. He is extremely knowledgeable and thorough, and is extremely good at explaining legal concepts to me in clear terms understandable to a non-attorney. It is difficult to pick only three attributes above, since Steve’s work meets most if not all of the attributes above.
Steve is an excellent corporate attorney who has a deep understanding of corporate law, taxes and estate planning. He’s been extremely helpful to me in keeping my many companies and business ventures organized, focused and squeaky clean. He’s very strong in estate planning and wealth preservation as well. Finally, his follow through is air tight and utterly dependable.
Steven is a trusted adviser. We depend on him for so many things. He is patient, listens to our needs and makes excellent suggestions. He is extremely talented. We value his advice and have recommended him unhesitatingly to friends and family.
Steve Fromm is a superb lawyer and I highly recommend him! After a terrible experience with a previous lawyer concerning an estate administration, I entered his office feeling very deflated, confused and discouraged. However, I left his office feeling enthusiastic and eager to get down to business. My situation was very unique, I needed his expertise for an array of things and Steve was able to address all of my needs. With a limited timeframe and an extreme amount of obstacles to overcome he worked meticulously, diligently and accomplished extraordinary results. His professionalism is incomparable and I am forever grateful.