Under the Basswood Tree Podcast

Basswood Counsel

Bringing you the latest updates and analysis of important legal developments in corporate and tax. Our podcast delves into discussions around complex laws and regulations, tackles challenging scenarios, and provides insights to help you understand and navigate the ever-changing legal and commercial landscape.

  1. Part 1: Broker Dealer Compliance Deep Dive: Regulatory Foundation — Registration, WSPs, Capital Requirements, and FINRA Approval

    6d ago

    Part 1: Broker Dealer Compliance Deep Dive: Regulatory Foundation — Registration, WSPs, Capital Requirements, and FINRA Approval

    Season 2 Episode 11: Part 1: Broker Dealer Compliance Deep Dive: Regulatory Foundation — Registration, WSPs, Capital Requirements, and FINRA Approval From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.   Watch on YouTube In Part 1 of this broker-dealer compliance deep dive, Jephte Lanthia and Erik Dolan discuss the regulatory foundation behind forming and operating a broker-dealer, including FINRA registration, written supervisory procedures (WSPs), net capital requirements, supervision systems, and recordkeeping obligations. The conversation also explores the distinction between broker-dealer and investment adviser activity, outside business activities, and the importance of building compliance systems that reflect how a firm truly operates.   Podcast highlights you shouldn’t miss:  What activities trigger broker-dealer registration requirements under U.S. securities laws.  How FINRA evaluates broker-dealer applications, including business plans, supervisory systems, and personnel experience.  Why written supervisory procedures (WSPs) must align with how a firm actually operates instead of relying on generic templates.  What broker-dealers should understand about net capital requirements, FINOP responsibilities, and financial supervision.  How firms should approach recordkeeping, outside business activities, and off-channel communications compliance.   Host: Jephte LanthiaJephte Lanthia advises on corporate and securities, fintech, and compliance, assisting fund managers with investments, securities offerings, broker-dealer regulation, and industry compliance matters. Guest: Erik Dolan Erik Dolan is a compliance and risk management professional with more than 25 years of experience in financial services. He has served in regulatory and compliance roles with organizations including the MSRB, FINRA, and the CFTC, advising firms on complex regulatory and enforcement matters. Erik has worked with investment advisers, private equity firms, broker-dealers, and fund complexes, helping organizations strengthen compliance programs and navigate evolving regulatory requirements. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post Part 1: Broker Dealer Compliance Deep Dive: Regulatory Foundation — Registration, WSPs, Capital Requirements, and FINRA Approval appeared first on Basswood Counsel.

    30 min
  2. Beyond Returns: Investor Confidence & Governance, A Zimbabwe Perspective

    Jun 3

    Beyond Returns: Investor Confidence & Governance, A Zimbabwe Perspective

    Special Episode: Beyond Returns: Investor Confidence & Governance, A Zimbabwe Perspective  From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.   Watch on YouTube In this episode of Under the Basswood Tree, Rudo Mugwagwa sits down with Peggy Mapondera to discuss governance, operational credibility, and investor confidence within Zimbabwe’s evolving private capital ecosystem.  The conversation explores what institutional investors evaluate beyond returns, including governance structures, reporting standards, operational systems, management credibility, and transparency. Rudo and Peggy also discuss investment readiness, diaspora capital, cross-border collaboration, legal and compliance considerations, and the importance of helping SMEs and founder-led businesses transition into scalable, investment-ready institutions.  Throughout the episode, they emphasize that building investor confidence in emerging markets requires more than opportunity alone — it requires visibility, operational rigor, strong partnerships, and governance frameworks capable of supporting long-term institutional capital. Podcast highlights you shouldn’t miss:  What institutional investors evaluate beyond returns when assessing emerging market opportunities and fund managers.   Why governance, reporting standards, operational systems, and transparency are critical to building investor confidence in Africa.   How Zimbabwean fund managers and businesses can improve investment readiness and attract regional or diaspora capital.   Why collaboration between legal, tax, compliance, and investment professionals is essential in cross-border investment transactions.   How SMEs and founder-led businesses can transition into scalable, institutional businesses capable of attracting long-term capital and future exits.  Host: Rudo MugwagwaRudo advises on investment funds, corporate, and cross-border compliance matters, with experience across fund formation, governance, and investor-side advisory. Guest: Peggy MaponderaPeggy Mapondera is an Investment Principal at Masawara Plc, with over fifteen years of experience across private equity, structured finance and M&A in African markets. She sits as a Non-Executive Director at Zimnat Asset Management and Mangwana Opportunities Fund, and is the founder of Athira Capital, a gender-lens investment initiative focused on Southern African agribusiness. She is also a collector of contemporary African art through The Mapondera Collection. She brings to today’s conversation a practitioner’s perspective on governance, investor confidence and what building credible investment platforms actually looks like on the ground. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post Beyond Returns: Investor Confidence & Governance, A Zimbabwe Perspective  appeared first on Basswood Counsel.

    44 min
  3. Estate Planning Explained: The Documents, Decisions, and Conversations That Matter

    May 26

    Estate Planning Explained: The Documents, Decisions, and Conversations That Matter

    Season 2 Episode 10: Estate Planning Explained: The Documents, Decisions, and Conversations That Matter Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.   Watch on YouTube Estate planning is often associated with wills and legal documents, but the process involves much more than paperwork. In this episode of Under the Basswood Tree, Chris Klug and Ashley Vidal discuss how thoughtful estate planning can help individuals and families prepare for incapacity, protect assets, reduce uncertainty, and create a smoother transition during difficult moments.  The conversation covers the role of wills, revocable trusts, powers of attorney, healthcare directives, and fiduciary appointments, while also addressing why customized planning is essential. Chris and Ashley also discuss common misconceptions around estate planning, practical considerations for families, and why proactive planning can make a meaningful difference long before documents are ever needed. Podcast highlights you shouldn’t miss:  What is the difference between a will and a revocable trust, and when should each be used?  Why incapacity planning is one of the most important,  and most overlooked, parts of an estate plan.  How powers of attorney and healthcare directives help families make decisions during emergencies.  Why estate planning should be customized instead of relying on generic online templates.  How coordinated estate planning can help reduce confusion, delays, and unnecessary stress for loved ones.  Host: Chris KlugChris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions. Host: Ashley VidalAshley brings five years of litigation experience across products liability, personal injury, and medical malpractice, and applies that steady, detail-driven approach to supporting estate planning, tax preparation, and corporate matters. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post Estate Planning Explained: The Documents, Decisions, and Conversations That Matter appeared first on Basswood Counsel.

    19 min
  4. U.S. Tax Rules for Foreign Investors: U.S. Trade or Business & ECI Explained

    May 11

    U.S. Tax Rules for Foreign Investors: U.S. Trade or Business & ECI Explained

    Season 2 Episode 09: U.S. Tax Rules for Foreign Investors: U.S. Trade or Business & ECI Explained When do foreign investors become subject to U.S. tax? This conversation explores how activities, structure, and timing determine whether income is taxed—and how to plan ahead. Entering the U.S. market as a foreign investor can unlock significant opportunity—but it also introduces a new layer of tax complexity.   In this episode, we focus on two critical questions that determine U.S. tax exposure:     Do you have a U.S. trade or business?   And if so, is your income effectively connected to it?   Podcast highlights you shouldn’t miss:  When are foreign investors taxed in the U.S.?  What is a U.S. trade or business?What is effectively connected income (ECI)? What is the difference between ECI and passive income (FDAP)?Why is tax filing critical for foreign investors?     Host: Chris KlugChris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions. Host: Gina LeeGina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post U.S. Tax Rules for Foreign Investors: U.S. Trade or Business & ECI Explained appeared first on Basswood Counsel.

    28 min
  5. U.S. Tax Sourcing Rules: How to Determine Where Income Is Taxed

    Apr 27

    U.S. Tax Sourcing Rules: How to Determine Where Income Is Taxed

    Season 2 Episode 08: U.S. Tax Sourcing Rules: How to Determine Where Income Is Taxed Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes? Sourcing rules determine whether income is taxed in the U.S. or elsewhere. This conversation explores how those rules apply to interest, dividends, services, royalties, and more.  This episode covers: What are sourcing rules in U.S. tax? How is interest income sourced? How services are taxed internationally How royalties and rental income are sourced Why sourcing rules matter for tax planning Host: Chris KlugChris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions. Host: Gina LeeGina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post U.S. Tax Sourcing Rules: How to Determine Where Income Is Taxed appeared first on Basswood Counsel.

    20 min
  6. Transfer Pricing Explained: Getting It Right Across Borders 

    Apr 13

    Transfer Pricing Explained: Getting It Right Across Borders 

    Season 2 Episode 07: Transfer Pricing Explained: Getting It Right Across Borders  Transfer pricing is not about finding a perfect number. It is about building a defensible position grounded in data, comparability, and how your business actually operates.   Watch on YouTube What is transfer pricing, and why does it matter more than ever for global businesses? In this episode of Under the Basswood Tree, we unpack how companies price transactions across borders, the role of the arm’s length standard, and how to build a defensible strategy supported by real data and documentation.  This episode covers: The definition of transfer pricing? What is the arm’s length principle? How companies determine fair pricing? Why documentation is critical in transfer pricing? How often should transfer pricing be reviewed?  Host: Chris KlugChris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions. Host: Renee TiunRenee, a foreign‑trained attorney and enrolled agent at Basswood Counsel specializes in U.S. domestic and cross border taxation. She brings over a decade of broad legal experience, including eight years working with complex U.S. international tax issues, offering clients a thoughtful, cross‑border perspective grounded in practical experience. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post Transfer Pricing Explained: Getting It Right Across Borders  appeared first on Basswood Counsel.

    16 min
  7. Estate Planning Explained: When a Will Is Enough and When a Trust Makes Sense 

    Mar 16

    Estate Planning Explained: When a Will Is Enough and When a Trust Makes Sense 

    Season 2 Episode 06: Estate Planning Explained: When a Will Is Enough – and When a Trust Makes Sense Estate planning often begins with a simple question: should your plan be centered around a will or a trust? This conversation explores how the two structures differ, how probate fits into the process, and why thoughtful planning helps ensure assets transfer as intended.   Watch on YouTube Should your estate plan be built around a will or a trust? In this episode of Under the Basswood Tree podcast, Chris Klug and Renee Tiun discuss how these two tools function within an estate plan, including how revocable living trusts can streamline asset management, maintain privacy, and avoid probate when properly funded. The conversation also explores incapacity planning, common misconceptions about control over trust assets, and how estate planning strategies should evolve as families, wealth, and circumstances change. This episode covers: Why estate planning is not simply drafting a will and how wills and revocable living trusts play different roles in managing and transferring assets. What makes a revocable living trust effective. This conversation highlights why assets must be properly transferred into a trust for it to avoid probate and function as intended. How revocable trusts allow flexibility during your lifetime. Grantors typically retain full control of trust assets while creating a smoother transition for beneficiaries. Why probate can create delays and public exposure. This episode explains how probate works and why many families plan to avoid it when possible. How estate plans should evolve over time. Life events such as marriage, children, new assets, or business ownership can change how an estate plan should be structured. Host: Chris KlugChris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions. Host: Renee TiunRenee, a foreign‑trained attorney and enrolled agent at Basswood Counsel specializes in U.S. domestic and cross border taxation. She brings over a decade of broad legal experience, including eight years working with complex U.S. international tax issues, offering clients a thoughtful, cross‑border perspective grounded in practical experience. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post Estate Planning Explained: When a Will Is Enough and When a Trust Makes Sense  appeared first on Basswood Counsel.

    20 min
  8. Mar 2

    The Strategic Importance of Estate Planning

    Season 2 Episode 05: The Strategic Importance of Estate Planning Estate planning is more than drafting a will - it’s about aligning your assets, beneficiaries, and tax strategy into one cohesive plan. In this episode, Chris Klug and Gina Lee explain how thoughtful coordination and ongoing review safeguard both your wealth and your legacy. Many people believe estate planning begins and ends with a will. In reality, it involves aligning assets, debts, business interests, retirement planning, and tax implications into a cohesive strategy. This episode explores the pitfalls of DIY or incomplete planning and explains how a coordinated, personalized approach protects both your family and your legacy. This episode covers: Why estate planning is not just about drafting a will or trust, but about coordinating assets, debts, beneficiary designations, and long-term family goals. Real-world examples of how incomplete or DIY estate plans – including unfunded trusts – can create unintended probate complications. How estate planning should evolve over time, from young families to business owners to later-life transitions. The importance of trust funding and beneficiary alignment, and why signed documents alone do not ensure assets transfer as intended. How estate planning connects with income tax, estate and gift tax, business succession, and cross-border considerations – especially for complex estates. Host: Chris KlugChris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions. Host: Gina LeeGina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence. If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas. Share: More Podcasts What Really Happens in an M&A Deal? From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more Coming to America: Structuring Your U.S. Expansion For non-U.S. companies, the decision to operate in the U.S. is as much a tax decision as a business one. In this episode, we break down how footprint, structure, and A Year of Change: Navigating New Rules in Securities, Crypto, and Financial Markets A year of regulatory change has reshaped how businesses approach securities, fintech, and digital assets in the U.S. In this anniversary episode, Hazvinei Mugwagwa and Jephte Lanthia reflect on what From Tax Cuts to New Opportunities: Key Highlights of the One Big Beautiful Bill Act The One Big Beautiful Bill Act introduces significant and permanent changes that reshape tax planning for both individuals and businesses. In this episode, Chris Klug and Gina Lee walk through One Year Under the Basswood Tree: Reflecting on Partnership, Purpose, and Growth What does it mean to redefine success in the practice of law? In this anniversary episode, Basswood’s founders discuss their values, the story behind the Basswood name, and why true Succession Planning: Preparing Your Business for What’s Next Most business owners don’t realize how closely succession planning, estate planning, and exit strategy are connected. In this episode, we walk through what business succession planning really involves and why The AI + AML Dilemma: What Crypto Adoption Really Means for Compliance As crypto adoption accelerates, AML compliance is evolving just as quickly. In this episode, we discuss how compliance professionals and institutions are navigating fraud risk, evolving investor behavior, and a The AI Dilemma in AML: Game-Changer or a Governance Minefield? The promise of AI in AML lies in speed, scale, and insight, but the pitfalls are equally real. In this episode, we discuss how financial institutions can responsibly integrate AI Playing Catch-up: America’s Regulatory Sprint for Crypto Leadership As the U.S. positions itself as a global leader in crypto and fintech, regulatory clarity has become a central theme. In this episode, we examine what recent policy shifts mean How the One Big Beautiful Bill Act Affects Individuals OBBBA is not just a policy update – it’s a practical planning roadmap for individuals and families. In this conversation, we explore how the Act affects income taxes, credits, deductions, How the One Big Beautiful Bill Act Affects Businesses From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning Building Your M&A Team In M&A, process and people matter as much as price. This episode explores why assembling an experienced advisory team early can make or break a transaction. US Exit Tax, Covered Expatriates, and Planning Ahead: A Legal and Tax Perspective Renouncing U.S. citizenship or terminating a green card comes with significant tax consequences that extend well beyond paperwork. This episode breaks down expatriation, covered expatriate status, and the planning considerations Basswood Counsel Discusses New SEC Chairman The appointment of a new SEC Chairman often signals more than a leadership change – it sets the tone for regulatory priorities ahead. In this episode, we examine how Chairman AI & Corporate Governance AI has the power to amplify both strengths and weaknesses within an organization. In this conversation, we discuss why boards must actively engage with AI – setting guardrails, governance frameworks, Send Us A Message Full Name Phone Email Send The post The Strategic Importance of Estate Planning appeared first on Basswood Counsel.

    20 min

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Bringing you the latest updates and analysis of important legal developments in corporate and tax. Our podcast delves into discussions around complex laws and regulations, tackles challenging scenarios, and provides insights to help you understand and navigate the ever-changing legal and commercial landscape.