Payne & black, LLC

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South Carolina's source for Elder Law and Special Needs Planning

Call Us at (803) 329-8656

Hand in hand with the firm’s business law practice is the firm’s tax practice. This practice is important to the proper representation of our business, elder law and matrimonial law clients. Tax projects handled by the firm include structuring transactions such as asset sales, business sales, tax deferred exchanges, business formations, family partnerships, and corporate and partnership dissolution. We advise clients concerning the tax aspects of divorce and marriage, the tax implications of asset transfers and asset preservation plans, and in planning for distributions from IRAs and Retirement Plans. We also assist clients with the filing of fiduciary returns, including estate and gift tax returns, and fiduciary income tax returns. 

When necessary we represent clients in tax controversies, including representing clients under audit by the IRS, appealing adverse rulings by federal, state and local taxing authorities, and negotiating settlements with the IRS and SC Department of Revenue. 

Finally, the firm represents clients in both commercial and residential real estate matters; including; real estate closings, negotiating and structuring ownership entities, negotiating and drafting contracts, negotiating and drafting leases, the examination of land titles, title insurance matters, deeds and mortgages.

In our business law practice we assist clients in the structuring, formation and financing of a wide range of business matters. Our services include the formation of corporation, limited liability companies (LLCs), limited partnerships, and other entities; including advice regarding the appropriate structure for the client’s business; and the relative rights and obligations of controlling and minority owners, the boards of directors, other governing bodies, and management. We also advise clients regarding day-to-day legal problems that confront business entities, including general corporate governance issues, shareholder disputes, oppression of minority shareholders, breach of contract, and commercial law matters.

Business & Tax Planning