Lunch and Learn: Due Diligence and Tax Considerations for Foreign Entities Investing in US Property

As an owner within Clayton & McKervey’s Small and Mid-sized Entity department, Tim is focused on Clayton & McKervey’s growing Asian practice, with an emphasis on helping Chinese companies establish a presence in the U.S., and domestic companies expand to China. Joining the firm in 2001, his experience includes entity and organizational structure, U.S. tax planning and compliance, mergers and acquisitions, and repatriation strategies. In addition, he facilitates the firm’s CFO/Controller Roundtables, offering both clients and members of the business community the opportunity to learn from one another in an open and interactive environment. With the help of the firm’s team of Mandarin-speaking accountants, he also leads Clayton & McKervey’s Mandarin Roundtables, held twice annually to support the firm’s Chinese clients.

Specializations

• Transactional services, quality of earnings and due diligence, efficient tax structuring
• U.S. and China tax compliance
• International tax structuring
• Chinese currency controls
• Repatriation strategies

Education

• Master in Taxation, Walsh College
• Bachelor of Accounting, Walsh College

Related Insights & Presentations

• Doing Business in China: tax structuring, currency/capital restrictions and repatriation strategies
• China Tax Update: representative offices and treaty benefits
• Business Basics for China – Corp! Magazine
• New Rules for Representative Offices in China
• China Compliance Record Filing Requirements
• Chinese Foreign Exchange Regulations

Connections in the Business Community

• Chinese Consulate
• Oakland, Macomb and Wayne Counties Economic Development
• Asian Pacific American Chamber of Commerce
• Detroit Chinese Business Association
• Michigan Economic Development Corporation
• Detroit Regional Chamber of Commerce

Mr. Kulka is co-founder and serves as Chief Executive Officer of PM Environmental, Inc., a national full service environmental risk management firm. Mr. Kulka has a B.S. in Civil and Environmental Engineering from Michigan State University and is a licensed Professional Engineer (P.E.) in Michigan, Alabama and Georgia.

He specializes in Environmental Due Diligence, Portfolio Management, Mergers and Acquisitions, and Transactional Real Estate and Development.

Mr. Kulka is the National Client manager for numerous Fortune 100 financial institutions, retail chains, industrial conglomerates, and real estate developers. He has directed complex environmental due diligence related to the financing, acquisition, brownfield incentive procurement, remediation and redevelopment of real estate for retail, commercial, industrial and multi-family housing.

He is also a Certified Underground Storage Tank Professional (C.P.) with the State of Michigan Department of Environmental Quality (MDEQ) and has worked on hundreds of UST assessment and closures. Mr. Kulka has presented on national panels within the environmental industry on topics such as Environmental Due Diligence, Brownfield, Leaking Underground Storage Tank (LUST), Environmental Compliance, and Environmental Oddities.

Key strengths include strategic planning, executive recruiting, and developing and maintaining national accounts in banking, private equity, petroleum, legal and real estate.

He has developed and maintained key national clients including Chase, PNC, U.S. Bank, Key Bank, Wells Fargo, Comerica, Huntington Bank, Fifth Third, BB&T, SunTrust, Ally, Berkadia, Penske, Honigman, Butzel Long, RACER Trust, Bedrock Management, Agree Realty, Glencoe Capital, Huron Capital, Peninsula Capital, Black Eagle Partners, and Superior Capital Partners.