Firm Offers White Paper on Redomestication as Strategy to Manage Premium Taxes

Cleveland, Ohio – May 30, 2007 – Firm Offers White Paper on Redomestication as Strategy to Manage Premium Taxes.

The Lawson Firm, a Cleveland-based law firm providing legal and compliance management services to the insurance industry, is offering a white paper examining redomestication as a strategy to manage premium taxes.  The paper discusses the pros and cons of redomestication as well as some alternative strategies. 

According to firm manager Scott Lawson, “Redomestication – the process of changing a corporation’s legal state of incorporation – has become an increasingly popular means for companies to avoid or reduce the impact of retaliatory taxes.  Several large and well-known companies have successfully redomesticated in recent years.”  Lawson further notes, however, “It is important to consider the potential costs and risks associated with redomestication in order to maximize expected benefits.  As with any substantial undertaking, proper analysis, planning and management of the process are key to its success.”  The paper discusses several important issues that companies should consider before redomesticating.

The white paper is currently available through the firm’s website: www.lawsonfirm.net.

The Lawson Firm, LLC (“TLF”) is a Cleveland-based law firm providing legal services to insurers and the companies that serve them.  Further information about TLF may be found at www.lawsonfirm.net.  This release is intended to provide general information only and neither this release, nor the publications mentioned in this release, are intended to provide solutions to individual problems.  Readers are cautioned not to attempt to solve individual problems solely on the basis of the information provided without seeking further counsel.  TLF does not claim expertise in the laws of jurisdictions other than those in which our attorneys are licensed.  Certification in any of the practice areas mentioned herein is not available in Ohio.

Contact:

Scott Lawson
Phone: (440) 409-0303
www.lawsonfirm.net
Email:[email protected]