Starting a business venture of any type is exciting, but it can also feel daunting from a legal and tax perspective. We are here to make this process as painless as possible, while giving you the assurance that you are selecting the right type of entity for state law and federal tax purposes. During the course of business, the need arises to enter into contracts, leases, and other business agreements.
These agreements have far-reaching legal implications that can present significant liability for the business. We can assist you in drafting or reviewing these business documents to ensure your protection and peace-of-mind. If you are acquiring or selling all or part of a business, experienced legal counsel is critical. Our attorneys can represent your interest and negotiate the terms to your satisfaction.
We will also help you avoid common tax traps and unforeseen tax consequences as a result of the transaction. Disputes are common in the life of a business and happen for a variety of reasons.
These agreements have far-reaching legal implications that can present significant liability for the business. We can assist you in drafting or reviewing these business documents to ensure your protection and peace-of-mind. If you are acquiring or selling all or part of a business, experienced legal counsel is critical. Our attorneys can represent your interest and negotiate the terms to your satisfaction.
We will also help you avoid common tax traps and unforeseen tax consequences as a result of the transaction. Disputes are common in the life of a business and happen for a variety of reasons.
Services
Established in 2012, The Law Offices of Dennis M. Lanphier, P.C. is a boutique law firm located in Denver, CO.
We provide sophisticated tax and legal counsel to business and individuals along Colorado's Front Range as well as globally.
The tax professionals within our firm include attorneys, CPAs, Enrolled Agents, and a Master of Laws in Taxation.
Our firm gives clients the unique opportunity to leverage big firm expertise with small firm relationships.
Our professionals combine technical proficiency and varied experience to provide sophisticated solutions for our clients while still giving each client the attention and individual focus that they require (and deserve!).
We provide sophisticated tax and legal counsel to business and individuals along Colorado's Front Range as well as globally.
The tax professionals within our firm include attorneys, CPAs, Enrolled Agents, and a Master of Laws in Taxation.
Our firm gives clients the unique opportunity to leverage big firm expertise with small firm relationships.
Our professionals combine technical proficiency and varied experience to provide sophisticated solutions for our clients while still giving each client the attention and individual focus that they require (and deserve!).
Navigating the legal pitfalls and tax complexities of running a business can be a source of constant stress for many entrepreneurs.
We believe that maintaining trusted legal counsel throughout the life of your business can be critical to helping you succeed, relieving anxiety and frustration, and ensuring you achieve the best tax outcomes.
Federal tax laws are complex, ever-changing, and often overlooked in legal planning.
Our attorneys help small businesses navigate these complexities, giving them peace-of-mind and allowing them to focus on what they do best.
We believe that maintaining trusted legal counsel throughout the life of your business can be critical to helping you succeed, relieving anxiety and frustration, and ensuring you achieve the best tax outcomes.
Federal tax laws are complex, ever-changing, and often overlooked in legal planning.
Our attorneys help small businesses navigate these complexities, giving them peace-of-mind and allowing them to focus on what they do best.
There are many types of business entities available and many factors that must be considered when determining the best entity for a given situation.
Before deciding, it is important to know the various types of business entities available and the differences between them.
The differences between these entities range from minimal to significant and may include tax consequences, number of owners, management structure, types of ownership interests, transferability of ownership interests, operating documents, and documents required to be filed with the Colorado Secretary of State and/or the Internal Revenue Service.
Before deciding, it is important to know the various types of business entities available and the differences between them.
The differences between these entities range from minimal to significant and may include tax consequences, number of owners, management structure, types of ownership interests, transferability of ownership interests, operating documents, and documents required to be filed with the Colorado Secretary of State and/or the Internal Revenue Service.
S-corporations typically are not subject to a corporate level tax.
An S-corporation's profits and losses generally "pass-through" to its stockholders who then report their respective shares of these items on their individual income tax returns (Form 1040).
S-corporations also provide their stockholders with a unique tax minimization strategy - the "dividend/salary split."
An eligible entity must file Form 2553 (Election by a Small Business Corporation) with the Internal Revenue Service to make an election under I.R.C. 1362(a) to be an S corporation.
An S-corporation's profits and losses generally "pass-through" to its stockholders who then report their respective shares of these items on their individual income tax returns (Form 1040).
S-corporations also provide their stockholders with a unique tax minimization strategy - the "dividend/salary split."
An eligible entity must file Form 2553 (Election by a Small Business Corporation) with the Internal Revenue Service to make an election under I.R.C. 1362(a) to be an S corporation.
The Colorado Corporations and Associations Act (the "CCAA") regulates the authority of foreign entities to transact business or conduct activities in Colorado.
A "foreign entity" includes an entity formed under the laws of another state.
For example, an entity formed under the laws of Delaware would be considered a foreign entity.
A foreign entity is prohibited from transacting business or conducting activities in Colorado until the foreign entity has filed a "Statement of Foreign Entity Authority" with the Colorado Secretary of State.
A "foreign entity" includes an entity formed under the laws of another state.
For example, an entity formed under the laws of Delaware would be considered a foreign entity.
A foreign entity is prohibited from transacting business or conducting activities in Colorado until the foreign entity has filed a "Statement of Foreign Entity Authority" with the Colorado Secretary of State.
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