Tax Practice

At PFS, we have always maintained a highly sophisticated tax practice. All of the attorneys in our Tax Practice Group have accounting backgrounds or advanced degrees, such as Master of Law degrees in Taxation or MBAs. Our tax attorneys include members active in tax associations, including former and present Chairpersons of the Chicago Bar Association's Federal Taxation Committee and Partnership and Passthrough Entities Subcommittee. They frequently participate in regulatory comments to the Treasury Department and Internal Revenue Service, as well as speak and write for nationally-recognized seminar companies and tax journals.

Our Tax Practice Group offers tax planning for all forms of business entities, including corporations, Subchapter S corporations, limited liability companies and partnerships, joint ventures, single-member disregarded entities, REITs, as well as entrepreneurs and high-net worth individuals.

Our tax attorneys specialize in identifying creative tax solutions for complex problems arising in analyzing, structuring and negotiating tax-efficient structures for complex business transactions. We have significant expertise in all aspects of business formation, operations, liquidations and numerous transactional areas, including:

•   choice of entity;

•   partnership and limited liability company agreements;

•   the issuance of equity and debt securities;

•   dividends and distributions;

•   mergers, acquisitions, reorganizations and joint venture transactions;

•   divestitures, spin-offs, split-ups and liquidations;

•   real estate transactions, including syndications, tax-deferred exchanges, tenancy-in-common arrangements, and REIT and UPREIT transactions;

•   private equity, venture capital, and hedge fund formations and transactions;

•   executive compensation;

•   leasing transactions;

•   intellectual property licensing and disposition;and

•   general commercial transactions.