Cohen & Grigsby PC

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A Culture of Performance

At Cohen & Grigsby we make it a priority to know and understand your business so that we can serve you not only as legal advisors but as strategic business counselors - allowing you to optimize your opportunities and mitigate your risk.

Our long-lasting, highly productive relationships with our clients are built on trust, service, execution and superior work product and results.

Cohen & Grigsby PC
625 Liberty Ave - 5th Floor
Pittsburgh PA 15222-3152
Tel: 412 297-4900
Fax: 412 209-0672

Tax

Cohen & Grigsby advises clients on a wide array of federal, state, local and international transactional and tax planning matters, and defends many of them in tax examinations by taxing authorities. Among are key concentrations are:

Compensation Planning

Many of our clients - C corporations, S corporations, limited partnerships, and limited liability companies -- ask us to design appropriate equity-based compensation plans. We structure flexible stock option plans, allowing for the grant of both “qualified” and “nonqualified” stock options, for newly-formed as well as later-stage C corporations. Typically, these plans provide for non-uniform vesting features, including those that were performance-based, as well as differing acceleration features.

We also create “unit option plans” for limited partnerships and limited liability companies. These entities’ tax status requires the architecture of their equity based compensation plans to differ significantly from standard stock option plans. We design such plans to produce favorable results, and to install several “phantom stock” plans which provide employees with economic benefits similar to those of stock option plans and unit option plans while avoiding some of their inherent accounting and legal complexities.

Like-Kind Exchanges

We structure complex tax-free, like-kind exchange transactions.

International Planning

We advise clients regarding the most appropriate business structures for their worldwide operations, successfully providing them with operational flexibility, access to favorable income tax treaty networks and the ability to consolidate their worldwide income in the U.S. Our advice has enabled clients to:
* Utilize excess cash flow in the markets where investment was needed.
* Employ intellectual property to create cash flow from, and deductible expenses in, high tax jurisdictions
* Manage transfer pricing adjustment risks.
* Manage import/export duty costs.

IRS Tax Audits / Pennsylvania Use Tax Matters

We routinely advise clients in connection with IRS audits.