LRC

The type of business entity you choose for the operation of your organization is important for many reasons: taxation, personal liability, financing, and business succession. LRC can help structure your new business or restructure your existing entities so you become cost- and tax-efficient. Once we complete your complimentary, detailed consultation and recommend an optimal business organizational structure, we’ll provide comprehensive education throughout the structuring process to ensure the fulfillment of your planning objectives. LRC specializes in: • Choice of Entity Consultation • Corporation • Limited Partnership • Limited Liability Company • Professional Association & Corporation • Professional Limited Liability Partnership • International Business Company • Family Limited Partnership

When you’re engaged in your organization’s day-to-day operations, some matters go unnoticed. LRC provides an outsider’s expert perspective, so you can get a transparent view of your entire business. We offer consulting services for all matters related to the administration of privately held businesses, helping you increase profitability, build your bottom line, and keep your organization running smoothly. LRC specializes in: • Business Tax Planning • Contract Drafting, Negotiation, or Review • Business Control • Buy-Sell Agreements • Business Succession Planning • Purchase or Sale of Business • Business Risk Management

We’ve been able to provide clients with many financial returns through our proactive and strategic tax planning consultations. Now a standard planning practice, our professional, periodic consultations give clients an opportunity to plan ahead of their required tax remittances in any given year and for certain circumstances. LRC specializes in: • Annual Tax Planning • Family Limited Partnerships • Wills • Powers of Attorney • Trusts • Probate • Irrevocable Life Insurance Trust

LRC can represent clients in federal income tax and payroll tax disputes, then advise them on proper entity structuring and compliance observance after the dispute resolution. With a unique and synergistic perspective on tax laws, our attorneys help clients resolve known issues and avoid future controversies with the I.R.S.

It is paramount when planning for asset preservation and risk management that you segregate your assets into classes by your perceived risk associated with the asset ownership. For example, portfolio investments such as cash and stocks do not create litigious exposure from third party claims. Therefore, holding these investments separately from a business structure that actively operates a bar, restaurant, rental property or heavy machinery will shield the assets from potential claims arising from these business activities. LRC has developed some asset placement entity structures for estate planning, asset protection and tax efficiency that can benefit your active business interests and your passive investments. LRC consultants conscientiously review your personal balance sheet and private business interest to come up with a plan and strategy for preservation of your wealth.

To manage insurable risks and the associated costs of a formal insurance program, your company might require a dedicated, customized captive insurance company. LRC helps you strategize its design, implementation, and management, resulting in economic savings, more comprehensive underwriting to pinpoint risks, and assurance that your interests are well represented.

When a new company is created, the state of incorporation typically publishes personal information of high-level employees. Today’s political environment demands processes like this, instantly opening details about you and your business to public exposure. At LRC, our experts provide proven methods to minimize the availability of your personal information in the public domain — so you can eliminate and prevent vulnerability to unnecessary risks.

Many members of our staff have worked in various industries as controllers, chief financial officers, corporate counsels, risk management, finance, and budgeting executives — and that’s why LRC can provide a “hands-on” perspective to understanding your organization that most business consulting firms do not possess. We can act as your business liaison with banks, finance companies, insurance companies, and other lawyers that represent your company in collateral matters. We specialize in: • Monthly Financial Closing & Analysis • Banking & Lender Relationship Consultation • Commercial Risk Review • Bookkeeping Setup & Training • Outsourced Bookkeeping • Periodic Bookkeeping Review

Tax returns are never straightforward. Take the guesswork out, ensure accuracy, and maximize your federal or state tax return — with LRC’s comprehensive preparation services. Our experienced tax professionals have a deep understanding of controllership and financial management and are proficient in dealing with tax issues relating to individuals, corporations, partnerships, limited liability companies, trusts, and international business companies. We specialize in: • Tax Planning • Corporations • Partnerships • Limited Liability Company • Trusts • Estate Tax Returns • State Income Tax & Franchise Tax Returns • Individual Tax Returns • Gift Tax Returns • Business Risk Insurance Management