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Taxes 101 for New Law Firm Owners
So your firm is thriving and excited to announce partner promotions. Congratulations!
After years of hard work and sacrifices, your top associates have made it to owner status. While focusing on the responsibilities of being a new owner and taking care of clients' affairs, the last thing on a new law firm partner's or shareholder's mind may be how this promotion will affect his or her personal taxes; that is, until mid-March rolls around. By that time it may be too late to take the sting out of any resulting tax surprises. This article addresses the key items a newly promoted law firm owner should know regarding his or her changed individual tax situation. Understanding how one's tax status has been altered can assist in a smooth transition from being solely an employee to being both an employee and owner of the enterprise.
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The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Use of Deferred Prosecution Agreements In White Collar Investigations
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How AI Has Affected PR
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The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.