Essentials for Balancing Taxes and Legal Risk
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Essentials for Balancing Taxes and Legal Risk
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In this week's episode of OK at Work, attorneys Sarah Sawyer and Russell Berger from Offit Kurman discuss the essentials for balancing taxes and legal risk. They explore how tax considerations play a critical role in various legal contexts, including business setups, settlements, lawsuits, and ownership changes. The conversation emphasizes the importance of consulting with accountants and tax attorneys to ensure compliance and make informed decisions. Discover strategies for integrating tax planning into your legal and business frameworks to mitigate risks and optimize outcomes.
00:00 Introduction to Tax Season
00:50 The Importance of Considering Tax Consequences
01:39 Tax Strategies in Legal and Business Contexts
02:18 Collaborating with Tax Professionals
02:31 Holistic Approach to Business Decisions
03:00 Conclusion and Farewell