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A Rainbow of Start-Ups - A Rainbow of Tax Strategies: How the Type of Start-Ups Affects Its Optimum Tax Structure


Level: Advanced
Runtime: 91 minutes
Recorded Date: December 11, 2019
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Agenda


  • Tax Issues for Startup Companies
  • International Tax Considerations
  • The Dentist Entering Practice
Runtime: 1 hour, 31 minutes
Recorded: December 11, 2019
For NY - Difficulty Level: Experienced attorneys only (non-transitional)

Description

Starting a tech company differs greatly from other types of businesses, such as manufacturing, consulting or professional practices, particularly those having substantial and saleable goodwill.

This panel will review the taxation of tech start-ups and base economy businesses and contrast the differences.

This program was recorded on December 11th, 2019.

Provided By

American Bar Association
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Panelists

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William P. Prescott, Esq.

Member
Wickens Herzer Panza

Mr. Prescott is a member of the Health Care and Corporate and Business Transactions Departments and serves on the Firm’s Board of Directors. Mr. Prescott represents dentists, dental specialists, and other professionals in the areas of developing business and tax structures for co-ownership, associate buy-ins, owner buy-outs, compensation planning, practice sales and acquisitions, dental and dental specialty valuations, group practice and solo group arrangements, dispute resolution, fringe and employee benefits, and business and tax planning. Mr. Prescott is the author of numerous books and articles on the law and dentistry.

Prior to practicing law with the same Firm for 30 years, Mr. Prescott worked in the dental equipment and supply industry for 16-1/2 years as a territory representative, equipment specialist and General Manager, Saslow Dental Company — Northern Ohio.

Martindale-Hubbell has awarded Mr. Prescott an AV rating for preeminent legal ability and having the highest ethical standards. Mr. Prescott has also been elected as a Fellow, American College of Tax Counsel.

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Pamela Ann Fuller

Of Counsel
Tully Rinckey, PLLC

Ms. Fuller’s practice has a triple focus: tax planning, tax controversies, and tax compliance.

She advises a wide range of clients–including private and public companies, joint ventures, funds, high-net-worth individuals, C-Suite executives, and government entities–on transactional, investment, and supply-chain strategies to achieve optimal tax and business results. She advises clients on both purely domestic transactions and transnational ones, helping both U.S.-based companies and foreign companies (and their executives) achieve the best possible results from a tax and business perspective.

As a seasoned practitioner and tax technician, Ms. Fuller is accustomed to handling nuanced matters involving highly technical questions of law, policy, and procedure at the federal, state, and international levels. She provides sophisticated tax planning services across many industry sectors, including financial services, software & digital technologies, real estate development, healthcare, bio-pharma, construction & engineering, infrastructure, oil & energy, and retail. She understands the exigencies of business and can develop sound, practical solutions that serve both tax accounting and financial accounting objectives.

Ms. Fuller is an effective and assertive taxpayer advocate, with nearly two decades of experience resolving tax controversies involving federal, state, and foreign taxes, as well as tax penalties. She has effectively represented clients in IRS audits and at IRS appeals. When going to court is the best strategy, she is able to guide her clients through the complex litigation process. She is a skilled negotiator, and has helped clients achieve attractive out-of-court settlements. Some of the controversies Ms. Fuller has handled have involved novel questions of law. She also has significant experience with complex transfer pricing issues–skills first acquired when she clerked for the United States Tax Court, serving three consecutive 2-year terms in the Chief Judge’s chambers in Washington, D.C.

Ms. Fuller publishes articles on current tax and international law topics, and has frequently served as a session rapporteur in connection with international tax seminars sponsored by the International Bar Association. She regularly speaks at tax and international law conferences, and is slated to chair an in-depth presentation on the international tax planning issues and opportunities raised by the Tax Cuts & Jobs Act of 2017, being held in New York City during Global Law Week 2018.

Ms. Fuller holds an LL.M. in Tax Law from New York University School of Law, a J.D. from Seattle University, and an B.A. from the University of Washington. Earlier in her legal career, Ms. Fuller completed judicial clerkships at both state and federal courts.

Prior to becoming a tax attorney, Ms. Fuller worked as a business new reporter and anchor for a highly regarded NBC News affiliate in Seattle. When she is not practicing tax law, speaking and writing articles on international law, Ms. Fuller loves to snow ski, hike, and travel.

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Roger A. Royse

Founding Attorney
Royse Law Firm, PC

Roger Royse, the founder of the Royse Law Firm, works with companies ranging from newly formed tech startups to publicly traded multinationals in a variety of industries. Roger regularly advises on complex tax structuring, high stakes business negotiations, and large international financial transactions.

Roger is the author of Dead on Arrival: How to Avoid the Legal Mistakes That Could Kill Your Startup and sits on the boards of advisers and mentors several funds, accelerators and tech companies and takes an active role in the strategic planning decisions of his clients. Roger has been a participating instructor of corporate law for the Center for International Studies (Salzburg Austria) and is an adjunct Professor of Taxation (Property Transactions and International Taxation) for Golden Gate University School of Law. Roger is the founder of the philanthropic organization “Team Motion to Dismiss Cancer” which conducted high profile auctions of meetings with venture capitalists to raise money for charity and has been recognized for his efforts on behalf of The Leukemia & Lymphoma Society by being named the 2012 San Francisco Bay Area Chapter Man of the Year.

Roger is a Northern California Super Lawyer, is AV Peer-Rated by Martindale Hubbell, has a “ 10.0 Superb” rating from Avvo.


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