Services

Lally & Co. provides privately-held businesses with the following services:

Next-Generation Gifting or Transfer
- Financial account organization
- Business valuation
- Long-term ownership
- Proper business structure
- Utilization of trusts

Employee Incentive Methods
- Phantom stock plans
- Ownership transfer to management
- Non-qualified compensation plans

Shareholder/Partner Tax Compliance and Cash Flow
- Quarterly and annual tax filing coordination
- Business cash flow management
- Tax liability compliance

Coordinating Personal and Business Returns
- Quarterly/annual tax filings
- Business/personal tax minimization strategies
- Multi-state tax filing

Independent Review of Financial Statements
- Audits
- Reviews
- Compilations
- Accurate and understandable financial statements

Shareholder Disputes
- Understanding partnership agreements, limited liability company operating agreements, and corporate by-laws
- Business valuations

Advisor Continuity
- Generational planning
- Implementing and monitoring long-term strategies
- Recommend advisors

Planning a Business Acquisition or Sale
- Tax positioning and efficiency
- Tax structure
- Due diligence (accounting and auditing)

Insurance Needs
- Life, health, disability, and business needs
- Corporate and personal policies
- Funding alternatives

Unique Tax Complexities
- Complex partnership agreements
- Multi-state S-Corp/C-Corp issues
- Tax bracket management strategies (deduction acceleration)

Short-Term CFO
- Internal financial statement assistance
- Business advice
- Board meeting management

Financial Statement Deadlines and Regulations
- Independent accounting and auditing reports
- Bank financing coordination

Understanding Partnership Agreements
- Complex allocation of profits and cash distributions
- Exit strategies