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Private client wealth management


Pass through taxation is a method in which taxes of a business are "passed through" to the tax return of the individuals owning the business. Sole proprietorships, partnerships, most Limited Liability Companies (LLC) etc., qualify for pass-through status. Under the Pass-through status it also means that these business entities are not subject to double taxation as are corporations.
Pass through taxation through a LLC also presents some opportunities for tax planning among members. This is an incredibly complex area and needs a broad range of experienced professionals who can help clients go through the complex rules governing the taxation of sole proprietorships, partnerships etc. JP MAGSON has in place Pass-through Tax Consulting professionals and Associate Consultants with experience you can rely on.

The team provides comprehensive tax planning and guidance on:

    1. Choice of entity decisions and conversions
    2. Formation, termination and structuring
    3. Mergers, acquisitions and divisions
    4. Partner and shareholder compensation
    5. Allocation of partnership income
    6. Entity-level taxes
  1. We ensure that Profit or loss contributions are made by the members to the LLC at any time without tax consequences.lf.

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