Spence Desenberg + Lee, PLLC1 July 2022
SDL won ACG Houston’s 2022 Diversity, Equity & Inclusion Deal of the Year as well as Health & Wellness Deal of the Year related to the sale of Healthy Lunch Box. About the other transaction participants Riveter Capital (New York, NY) is a private equity firm focused on investing in lower middle-market women- and minority-owned or […]
Read more6 April 2022
SDL is honored to be nominated by ACG Houston for two 2021 Deals of the Year. ACG Houston’s annual Deal of the Year event is focused on celebrating deals in the booming middle-market. They’ll be honoring the deals and dealmakers who drive middle market growth – resulting in job growth, capital formation and the advancement of […]
Read more22 January 2022
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Read more17 January 2022
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Read more12 January 2022
Spence, Desenberg & Lee acted as sell side counsel to Theresa Barajas and Healthy Lunch Box in its sale to Riveter Capital. Healthy Lunch Box, Inc. is a food service provider of high-quality meals to both children and adults in charter schools, clinics, adult-care centers and more. Healthy Lunch Box was founded in 1996 and […]
Read more25 October 2021
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Read more27 August 2021
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Read more7 June 2016
Everyone is at risk of becoming incapacitated and not being able to manage his or her financial affairs. A power of attorney or POA allows a person, usually referred to as a principal, to name someone to manage his or her affairs. 1. “Durable” Power To provide for a potential disability, a person executes a […]
Read more20 May 2016
Upon retiring, many corporate executives and other employees decide to start a second career. In some cases, these people roll over funds from their corporate retirement accounts to an individual retirement account (IRA). The IRA then purchases a business that the person runs. The goal, of course, is to avoid currently paying tax on the […]
Read more13 May 2016
In the previous post, we discussed the advantages of making an S election five years prior to a corporation selling its assets. A corporation that makes the S election typically avoids the two levels of tax (corporate level and shareholder level). However, a corporation that makes an S election and sells its assets within five […]
Read more8 April 2016
Business owners frequently plan to fund their retirement with the proceeds from a sale of their business. However, they frequently fail to take the steps necessary to maximize the after-tax proceeds from the sale. One such step relates to closely-held corporations and involves making an “S election” for tax purposes. Often, a small business will […]
Read more30 March 2016
Sometimes a person, who we will call a donor, wishes to leave property in his or her will to a person who is not capable of managing it. The concern is that the recipient may spend the inheritance foolishly, lose it in bad investments or have one of the recipient’s creditors take the property away […]
Read more18 March 2016
Pets are an important part of many people’s lives. If you are one of those people, what would happen to your pets if you died or became disabled? What would happen if your spouse is not around to care for the animal? The pet owner needs to provide for two different scenarios. One scenario is […]
Read more11 March 2016
People frequently use trusts as part of their financial and estate planning. A beneficiary typically may designate a trust to receive an interest in a qualified defined contribution plan (qualified plan) or IRA on his or her death. The problem is that the trust may not be able to stretch out the distributions from the qualified defined […]
Read more26 February 2016
Each year Americans give billions of dollars to charity. Gifting an interest in a defined contribution plan or IRA to a charity can be a very effective tax strategy for making charitable gifts. (Note: This discussion does not apply to Roth IRAs; they are subject to a different set of rules.) Special Rule for IRAs IRA owners over […]
Read more24 February 2016
Given what is going on in the Houston economy right now, we are anticipating a substantial increase in the number of companies that end up in bankruptcy (“BK”). You likely have clients or customers that are really struggling to survive and/or are actively preparing to file BK. If a client is preparing to file BK, […]
Read more19 February 2016
In previous posts we have discussed the unique characteristics of defined contribution plans (such as profit-sharing plans and 401(k) plans) and IRAs. We noted that a person is usually better off delaying distributions from a defined contribution plan or IRA as long as possible. There are some situations where deferring distributions is not a good strategy. A […]
Read more12 February 2016
We started this series of articles two weeks ago by noting the five key traits of qualified defined contribution retirement plans, such as profit-sharing plans or 401k plans, and IRAs. We mentioned the need to consider these characteristics when planning for these assets, including dispositions upon the plan beneficiary’s death. The traits that we listed […]
Read more5 February 2016
Last week we discussed five traits of 401(k) plans, profit sharing plans, and IRAs. We need to keep these traits in mind to maximize the economic benefits of these assets. These traits come to the forefront when we are doing estate planning. This week we discuss three of the five traits and their impact: (1) plan income […]
Read more29 January 2016
For many people, an interest in a retirement plan, such as a profit-sharing plan, 401(k) plan, or individual retirement account (IRA), is their most significant asset. Planning for these assets is a real challenge. The complexity in this area is monumental. There are many different types of retirement plans. The retirement plan that we are focusing […]
Read more9 November 2015
Many people will grow old and become disabled so that they can no longer care for themselves. People in this situation frequently rely on a spouse or child for care. However, some people won’t have a spouse or children. For other people, the spouse may have passed away or be too infirm to provide assistance. […]
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