Tax Attorney Consultation - Adding a 50/50 Partner to a profitable business
I'm looking to book paid consultations with 3-4 experienced tax attorneys to help me determine the best strategy for adding a 50/50 partner to my business while optimizing our tax structure. My Situation: I have a single-member LLC in New Jersey operating a profitable SaaS business generating mid-six figures in annual revenue with high margins. I want to bring on my brother as a 50/50 partner (he will be serving as CTO), and I also want to elect S Corporation taxation. My primary goal is to structure this in a way that minimizes the tax burden for both of us, particularly for my brother when receiving his ownership stake. A direct equity purchase at fair market value is not feasible for my brother. My Key Concerns: • Minimizing my brother's tax burden when receiving equity (ideally $0 or as low as possible) • Getting S Corp tax benefits (reducing self-employment tax) • Making sure my brother has true ownership, not just profit-sharing rights • Keeping the structure clean and IRS-compliant • Proper documentation to avoid IRS issues down the road What I'm Looking For: I want to book a 30-60 minute paid consultation with 3-4 tax attorneys who have direct experience with partnership formations. The goal of each consultation is to: 1. Review my specific situation and numbers 2. Discuss strategies and recommend the best approach for my situation 3. Explain the tax implications for both me and my brother 4. Outline next steps and estimated costs to implement After completing consultations, I will select one professional to handle the full implementation, including any necessary filings, operating agreement amendments, and coordination with a business attorney if needed. Ideal Candidate: • US-based tax attorney or CPA with JD/LLM in taxation • Someone who has helped a client navigate a similar type of situation in the past • Ability to clearly explain complex tax concepts • Available for consultation within the next 1-2 weeks • Optional (Familiarity with New Jersey state tax implications) Business Details: • Entity: Single-member LLC (New Jersey) • Industry: SaaS / Technology • Annual Revenue: Mid-six figures • Profit Margins: High (typical for SaaS) • Partner Role: CTO (full-time, critical to business growth) Apply tot his job