Thursday, December 15, 2005

What concept is our tax system based on?

You may be surprised to know that our tax system is based on a utilitarian principle called Declining Marginal Utility of Income. What does that mean? Good question. The basic idea states that one would derive less utility from each dollar as he/she has more dollars. This concept provides justification for a concept called progressivity. A “Progressive” tax is one in which a taxpayer pays a greater proportion in tax as the tax-base increases. Sounds familiar?

Interestingly, even people sympathetic to utalitarianism may wonder whether utility can readily be translated into money. Others doubt whether there really is a decreasing utility to every dollar added. One thing today is certain, the more dollars one has the greater his ability to hide the rest of his dollars.

That’s why Estate and Tax Planning is so critical.

Tuesday, December 13, 2005

Alternative Dispute Resolution (ADR)

The LC Law Group represents clients in Alternative Dispute Resolution (ADR) proceedings. We are committed to promoting the use of ADR an effort to obtain a swift and beneficial resolution of disputes. We offer representation in facilitation, mediation, arbitration, and tools evaluation as a part of our dedication to providing out clients with the most effective alternative for dispute resolution.

Entertainment Law

The LC Law Group provides a wide variety of legal services with respect to business transactions in the entertainment industry. Our attorneys advise on such matters as trademarks, copyrights, and designs. We also assist clients in contract negotiations, financing of projects in the film and music industries, and provide legal representation of artists.

Monday, December 12, 2005

Wills Estates and Trusts

We provide a wide variety of legal services in the area of wills, trusts and estates. Our T&E practice varies from standard wills to complex plans for large estates, including areas of law such as gift, estate and generation-skipping tax planning, preparations of wills and trusts, and administration of probate.

Corporate Law, Mergers and Acquisitions

The LC Law Group provides clients with a variety of corporate and financial legal services. Our attorneys work closely with clients in order to create strategies for the development and implementation of our clients’ corporate and financial plans.

WE provide advice on a variety of corporate law matters, such as the establishment of corporate entities, commercial contracts and transactions, the legality of corporate entities, commercial contracts and transactions, the legality of corporate actions under current laws, employment and executive contracts, private placements, other aspects of tax law, and litigation of corporate affairs.
We provide legal advice in the field of mergers and acquisitions. Our attorneys represent sellers, purchasers, or target companies from a wide variety of industries.

Contracts

Our attorneys possess extensive expertise in the area of contracts and are able to tailor the contract terms to our client’s needs and objectives. Our attorneys provide extensive services in real estate, asset purchase/lease agreements, software licensing agreements, employment, confidentiality and non-disclosure agreements, and wide variety of other contract related matters.

Real Estate

The LC Law Group employs several experts with knowledge in the field of Real Estate transactions and is able to assist clients in matters related to all types of Real Estate throughout the New York State area. We assist in the purchasing and selling of residential and commercial property as well as with termination of commercial and residential leases.

We specialize in investment property transactions and are able to arrange different contracts to fit your need. Among these, we specialize in building conversions and commercial leases.