Season 2 Episode 14:

  Watch on YouTube

In this episode of Under the Basswood Tree podcast, Chris Klug joins Rudo Mugwagwa, to discuss corporate domestication and how it differs from mergers and entity conversions. 

The conversation examines how domestication may allow a business to transfer its legal existence to another jurisdiction while preserving contracts, assets, liabilities, and, in many cases, its Employer Identification Number (EIN). Chris and Rudo also discuss tax considerations, state-specific filing requirements, regulatory compliance, situations where domestication may support multi-state operations, business growth, investor expectations, or broader restructuring efforts. 

Podcast highlights you shouldn’t miss: 

• What corporate domestication is and how it differs from mergers and entity conversions 
• When changing a company’s state of organization may be appropriate
• Tax, regulatory, licensing, and contractual considerations before domesticating 
• Why preserving corporate continuity may matter during business restructuring 
• The importance of evaluating each business’s specific facts before making structural changes 

Chris 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.

Rudo advises on investment funds, corporate, and cross-border compliance matters, with experience across fund formation, governance, and investor-side advisory.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

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.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

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.

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

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

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

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

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 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

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

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

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

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 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

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

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,

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

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.

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

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 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,

The post Moving a Company to Another State: Understanding Corporate Domestication appeared first on Basswood Counsel.

Season 2 Episode 11:

  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.  

Jephte Lanthia advises on corporate and securities, fintech, and compliance, assisting fund managers with investments, securities offerings, broker-dealer regulation, and industry compliance matters.

If this episode resonates with what you’re working through, contact [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

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.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

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.

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

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

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

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

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 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

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

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

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

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 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

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

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,

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

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.

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

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 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,

The post Part 1: Broker Dealer Compliance Deep Dive: Regulatory Foundation — Registration, WSPs, Capital Requirements, and FINRA Approval appeared first on Basswood Counsel.

Special Episode:

  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: 

Rudo advises on investment funds, corporate, and cross-border compliance matters, with experience across fund formation, governance, and investor-side advisory.

Peggy 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 [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before making that decision.

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA, foreign entities, and prior-year compliance.

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face, from Regulation BI and advertising oversight to examinations, vendor management, and AI-assisted compliance tools.

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

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.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

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.

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.

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.

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to avoid those issues.

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack the federal, state, and cross-border tax considerations non-U.S. businesses must address once U.S. operations begin.

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 effectively.

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 financing choices shape U.S. tax exposure from day one.

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 shifted, where clarity emerged, and why adaptability is now a core business skill.

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 the most impactful provisions and explain where timely planning can preserve value.

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 partnership guides how they work with clients.

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 proactive planning matters.

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 rapidly changing AML landscape.

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 into compliance programs without losing transparency, judgment, or control.

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 for innovation, investor protection, and companies building in the digital asset ecosystem.

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, and long-term financial planning decisions.

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 opportunities and tradeoffs business owners and advisors should be considering now.

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.

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 that can help mitigate unexpected tax exposure.

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 Paul Atkins’ approach may influence enforcement, rulemaking, and capital formation across public and private markets.

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, and leadership structures to manage risk and unlock value.

The post Beyond Returns: Investor Confidence & Governance, A Zimbabwe Perspective  appeared first on Basswood Counsel.

Season 2 Episode 10:

  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: 

Chris 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.

Ashley 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 [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

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.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

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.

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

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

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

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

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 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

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

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

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

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 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

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

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,

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

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.

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

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 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,

The post Estate Planning Explained: The Documents, Decisions, and Conversations That Matter appeared first on Basswood Counsel.

Season 2 Episode 09:

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?  
   

Chris 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.

Gina 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 [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

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.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

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.

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

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

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

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

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 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

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

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

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

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 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

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

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,

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

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.

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

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 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,

The post U.S. Tax Rules for Foreign Investors: U.S. Trade or Business & ECI Explained appeared first on Basswood Counsel.

Season 2 Episode 08:

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

Chris 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.

Gina 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 [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

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.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

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.

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

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

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

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

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 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

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

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

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

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 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

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

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,

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

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.

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

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 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,

The post U.S. Tax Sourcing Rules: How to Determine Where Income Is Taxed appeared first on Basswood Counsel.

Season 2 Episode 07:

  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? 

Chris 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.

Renee, 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 [email protected]. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

What should a U.S. company consider before entering Spain? This episode examines market-entry planning, employment requirements, local presence, and other issues businesses may encounter when expanding into the Spanish market.

Corporate domestication allows certain businesses to relocate their legal domicile without necessarily dissolving the existing entity. This episode examines the tax, legal, and regulatory considerations that should be evaluated before

This episode examines U.S. tax obligations for citizens, green card holders, and other U.S. persons with income or assets outside the United States. Topics include foreign tax credits, FBAR, FATCA,

Compliance does not end after registration. In Part 2 of this broker-dealer compliance series, Jephte Lanthia and Erik Dolan explore the ongoing regulatory, operational, and supervisory responsibilities that broker-dealers face,

From FINRA registration and WSPs to capital requirements and supervision systems, this episode explores the foundational side of broker-dealer compliance.

From governance structures and reporting standards to diaspora investment and institutional readiness, this conversation examines the practical realities behind attracting long-term capital.

Estate planning is not just about preparing documents. It is about helping families make informed decisions before difficult moments arise.

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.

Sourcing rules answer a simple but critical question: where is your income actually earned for tax purposes?

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.

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

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

In Part 2 of our FBAR and FATCA series, Rudo Mugwagwa and Gina Lee move from understanding the rules to addressing where filings most often break down and how to

This episode discusses the FBAR and FATCA frameworks, common misunderstandings, and the consequences of getting compliance wrong.

Entering the U.S. market involves far more than forming an entity- it requires thoughtful planning across incentives, compliance, and exit strategy. In this episode, Chris Klug and Gina Lee unpack

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

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 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

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

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

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

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 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

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

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,

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

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.

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

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 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,

The post Transfer Pricing Explained: Getting It Right Across Borders  appeared first on Basswood Counsel.