KEN KIRSCHENBAUM, ESQ
ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE
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Comment on Mixing consult fee with sale price / If attending Holiday Party please RSVP today 
November 21, 2024
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Holiday Party 2024 – this is your invitation - rsvp if attending
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          The K&K Holiday Party will be on December 12, 2024 in Old Westbury, NY from 6:30 to 9:30 PM.  You’re invited, but you do need to RSVP before December 1, 2024 so we can properly plan.  Format is casual dress, cocktails and plenty of pass-around hors d'oeuvres; you won’t leave hungry.  Please send your RSVP to Kathleen Lampert at 516 747 6700 x 319 or KLampert@Kirschenbaumesq.com or Amy Laveglia at 516 747 6700 x 313 or ALaveglia@Kirschenbaumesq.com.
          Come see old and meet new friends at this social event.  Looking forward to seeing you at the party.
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Comment on Mixing consult fee with sale price from article on November 7, 2024
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Ken,
       Responding to “Joe’s” November 7 2024 question in which he asked what you thought of structuring the deal with the twist of the ‘consultation’ being part of the equation to reduce our taxable portion, your answer was correct, and you were especially correct in referring him to our firm for information on the tax consequences, especially the possibility of turning capital gains (which are generally taxed at 20%) into ordinary income which can be taxed at 37%.  
We often get involved in transactions because the Seller’s CPA has never been involved in this type of transaction and isn’t sure about the tax consequences or proper structure of the deal.  My advice to Joe would be “tell me what you want and I will tell you how to do it, if you tell me how to do it you might not get what you want.” 
   Mitch Reitman  
817 698 9999 X  101
Reitman Consulting Group
Fort Worth, TX
http://www.reitman.us
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Response
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          It’s important to recognize other professional’s area of expertise and contribution.  K&K does not do taxes, we leave that to Mitch.  Other professionals such as brokers in the industry [not all of them] and insurance brokers, to name a few, also deserve mention.  Of course the technical professionals are essential.  You can get a list of qualified professionals on The Alarm Exchange.  All those offering their area of expertise can be considered.
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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301
ken@kirschenbaumesq.com
www.KirschenbaumEsq.com