LexisNexis® Legal Newsroom
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Where Tax Law Is Practiced

Small Law: Tax law is practiced extensively among firms with 1-20 attorneys. These attorneys often work with small business owners on such issues as the best way to organize and operate the businesses so that they are in full compliance with tax laws...

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Types of Tax Practitioners

In general, tax attorneys and paralegals handle planning issues, which involve arranging an individual’s or business’ future events to minimize taxes. Tax attorneys also deal with tax controversy or litigation, which involves settling a dispute...

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Negotiating the Purchase Agreement for a Closely Held Business

Imagine that your client calls you and tells you that he has just agreed to purchase a closely held business. You are asked to prepare the purchase contract for the deal. Where do you begin? You might begin by asking your client the following questions...

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How to Handle Corporate Distress Sale Transactions

Economic conditions over the past few years have increased the number of distressed companies that are seeking to sell assets as part of their plans to improve their financial condition. Rising interest rates, oil prices and large legacy costs are some...

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Requesting Letter of Intent or Memorandum of Understanding

One or both parties may request that their preliminary understandings be embodied in a letter of intent or memorandum of understanding. The wisdom of entering into such an agreement at an early stage of negotiations when the terms of the transaction are...

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Drafting Closing Documents and Closing a Transaction

The first place to start in preparing to close a merger, acquisition, or consolidation transaction is to review all the conditions to closing set forth in the merger, securities, or asset purchase agreement and create a checklist of the items that are...