Dow Lohnes Price provides advice during all phases of the purchase/sale negotiations, including the preparation of a letter of intent and review of the purchase/sale agreement. Additionally, Dow Lohnes Price provides recommendations and planning services regarding the handling and reporting of an acquisition or disposition on state, local and federal tax returns. These planning services provided by the firm include:

• Advice regarding any sales and use tax implications, bulk sale notification requirements and other transfer tax implications of a proposed transaction.
• Advice regarding the best structure and related reporting of a transaction for state income tax purposes, including whether the transaction should be treated as a business or nonbusiness transaction, and whether the subject business is unitary with other existing businesses.
• Advice regarding sales/use tax collection responsibilities for new ventures.
• Review of purchase/sale agreements for state tax planning ideas and recommendations.
• Performance of federal and state tax due diligence for potential acquisitions, including visiting the seller's data room and interviewing the seller's tax representatives to identify potential federal and state tax exposures and benefits.