Transactional and
Advisory Services
Penza Law advises individuals and businesses on how New York’s tax laws apply to their past, present, and future activities. We pride ourselves on providing advice that is concise, direct, and easy to understand. Too often legal advice is vague, hesitant, and convoluted by jargon. This is not our approach: we advise clearly and with confidence.
Tax Guidance for Individuals & Businesses
Are you interested in establishing residency outside of New York for tax purposes?
An individual’s New York tax obligations may vary greatly depending on whether he or she is a resident or nonresident of New York State or New York City. We advise on whether an individual is a resident or nonresident and how an individual may transition from a resident to nonresident.
Are you starting a business that will operate or have customers in New York?
Tax is a key consideration when starting a business. We advise on how New York’s tax laws apply to various types of business entities (e.g., LLCs, partnerships, and corporations), and what a new business must do to comply with their New York tax obligations.
Are you doing business in New York but unsure you have complied with New York’s tax laws?
It is not uncommon for an enterprise to start doing business in New York without first complying with its tax obligations, especially when the enterprise has grown quickly. We advise on what a business must do to become tax-compliant and offer solutions to address any potential liabilities for past business activities.
Do you want to know how New York’s tax laws will apply to a certain business transaction?
We advise on how New York’s tax laws apply to a given transaction—for example, how New York’s sales tax may apply to the sale of a certain product, or how New York’s income tax may apply to the sale of a business asset.