21Oct 2020 by Pat Geddie
4 Different Branches of Business Law

4 Different Branches of Business Law

Tax Law
Owning a business requires great attention to detail on your part, especially when it comes to legal matters. Business agreements, employee rights and the drafting of contracts are usually required, and these tasks can all be made simpler by hiring a business attorney. There are quite a few branches and specialties within business law, and knowing what they are may help you make the best possible choice when hiring a lawyer. 1. Contract Law  Creating contracts is usually a vital part of any business, no matter its size. Employer-employee agreements, the sale or trade of goods and partnership agreements may all be necessary as you build your company. An attorney who specializes in contract law can assist you with contract language and ensure that your best interests are being met…
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03Dec 2019 by Pat Geddie
Inbound Structuring for U.S. Real Estate in a Post-2017 Tax Cut and Jobs World

Inbound Structuring for U.S. Real Estate in a Post-2017 Tax Cut and Jobs World

Tax Law
By Anthony Diosdi As a general matter, the Internal Revenue Code imposes a 30 percent withholding tax on U.S. sourced payments of interest to foreign persons if such interest income is not effectively connected with a U.S. trade or business of the payee. See IRC Sections 871(a)(1), 881(a)(1). U.S. payors of interest subject to this 30 percent withholding tax are required to withhold the 30 percent tax from the interest otherwise payable to the non-U.S. person and pay it to the Internal Revenue Service (“IRS”). Interest paid to foreign persons with respect to certain “portfolio debt instruments” is not subject to withholding tax. Portfolio interest received by a foreign corporation or nonresident alien individual is exempt from U.S. withholding tax. See IRC Sections 1441(c)(9) and 1442(a). Congress enacted the portfolio…
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