Knox McLaughlin Gornall & Sennett, P.C.

Business & Tax

The Business and Tax Group of Knox McLaughlin Gornall & Sennett, P.C. represents enterprises of every kind. The attorneys in our group are known for the skill and thoroughness with which we structure transactions for clients.

We offer expert insight with an ability to see the whole picture in areas such as:

Closely Held Business Planning

  • Formation and dissolution of corporations, partnerships and limited liability companies
  • Drafting bylaws, shareholder agreements and operating agreements
  • Acquisitions and dispositions of business interests
  • Transfers to successor generations and buy/sell planning
  • Tax-free reorganizations such as mergers and spin-offs
  • Private offerings of securities

Nonprofit Organizations

  • Design of organization and governance
  • Securing of federal tax-exempt status

Tax Planning and Representation

  • Like-kind exchanges, liquidating and nonliquidating corporate distributions, installment sale transactions, corporate income, capital stock and franchise tax matters, sales and use tax issues, subchapter S elections, individual income tax issues and responsible person representation
  • Representation of clients before the Internal Revenue Service
  • Representation of clients before the Pennsylvania Board of Appeals, Board of Finance and Revenue, and Commonwealth Court

Loan Transactions

  • Documentation of loan and other financial transactions for lenders
  • Representation of borrowers in conventional, asset-based, low-interest and tax-exempt financings

Professional Corporations

  • Formation of professional corporations, partnerships and limited liability entities
  • Structuring of employee benefits for the professional

International

  • As a member of Lawyers Associated Worldwide, the group is able to provide clients with immediate access to qualified professionals around the world

Retirement Planning and Executive Compensation

  • Design and draft executive compensation and employee benefit programs, including stock option arrangements, pension, profit sharing, 401(k) plans and ESOPs
  • Advising plan trustees and administrators on all aspects of qualified plan administration and fiduciary duties

design, advertising, marketing and creative services in Erie, Pennsylvaniacontent management, website design, e-commerce and web development services in Erie, Pennsylvania