Mergers & Acquisitions – They say selling a business is an art – we’ve turned it into a science
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If you own property as part of your business and you’re considering selling your company, you may want to think about using that real estate to help you put off paying any capital gains taxes you may owe. The 1031 Exchange has been around for several years. However, many entrepreneurs are not familiar with the ins and outs of this provision of the IRS tax code. Chris Cali is a business attorney and an expert in commercial real estate matters. In this edition of “Deal Talk,” Mr. Cali explains the 1031 Exchange in detail and clarifies which situations and what kinds of property qualify for the provision. The 1031 Exchange may not eliminate taxes, but it could possibly save you tens of thousands through tax deferrals.
In my experience I have handled a wide range of issues for clients in matters of real estate, general corporate, commercial, estate planning, probate, tax, and bankruptcy. Additionally, I have served residential and commercial clients as a real estate broker. I co-owned a franchise and managed a team of twelve agents prior to embarking full time on my legal career.
My clients include small and mid-sized businesses and their principals, condominium associations, chambers of commerce, and real estate developers and investors. I have worked in the real estate industry for over ten years and draw on my experience as both a real estate broker and attorney to provide comprehensive strategy, insight and counsel to my clients.
While the Illinois Supreme Court prohibits lawyers from claiming a specialty, I do concentrate my practice in the following areas: Business planning including choice of entity, capital structure, and general corporate matters, ongoing business representation involving a wide variety of corporate and commercial matters, residential and commercial real estate closings, residential and commercial leasing, landlord/tenant disputes, real estate litigation, condominium association representation, real estate tax appeals, a wide variety of estate planning, and representation of executors, heirs and other parties in the administration of both intestate and testate decedent’s estates.
We invested over a decade perfecting every step of the process. The result is a method proven to reduce your risk and maximize your price.
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M&A Attorneys
One of the biggest mistakes you can make when selling your business is not negotiating the letter of intent (LOI). Join M&A Attorneys Mital Makadia and David Siegel while we…
CPA | Acquisitions Advisor
How can you build your business with the plan to sell it in the future? Join Saul Cohen, a CPA and acquisitions advisor, as we discuss how saleable businesses are…
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