Atlanta, GA
Contracts and agreements Lawyer at Atlanta, GA
Practice Areas: Contracts & Agreements, Business ... +4 more
OUTCOME: Closed with Earnout on Target Date under terms of LOI
Represented Buyer in the purchase of a controlling membership interest in the holding company of a $1M+ high-tech manufacturer.
OUTCOME: Closed on target and structured in a manner to minimize taxes and preserve S corporation status.
Represented redeeming S corporation in a $3 million Stock Purchase Agreement with a minority shareholder and advised regarding corporate governance issues involved with naming a new corporate President ... .
OUTCOME: Deal closed on target date for full purchase price offered in LOI
Represented seller in an asset sale of a manufacturing business line, including the transfer of equipment, inventory, accounts receivable, customer and vendor/supplier contracts, warranties, leases, in ... tellectual property, employment agreements, benefit plans, working capital, and other incidentals to sale.
OUTCOME: Long Term Supply Agreements negotiated to minimize risk and anticipate issues. No litigation involving any of the LTSAs after several years of operation under the agreements through numerous cycles and supply chain issues.
Negotiated and drafted long term supply agreements for various products involving several Fortune 500 OEMS up the supply chain. Multiple LTSAs each accounting for $10M+ in annual revenue.
OUTCOME: Settled for net federal income tax savings of over $948,500
An IRS field examiner used the "bank deposit method" to propose an assessment of $582,000 in income tax over 3 tax years on my client. On top of this, the examiner also applied the fraud penalty (75% ... of the underpayment). So basically the IRS initially claimed that my client owed $1,018,500 plus interest. By reconstructing my client's income under the bank deposit method (from the records of 22 bank accounts obtained under a FOIA request), we successfully argued that most items were non-taxable in nature. My client happily settled all 3 years for under $70,000 plus interest.
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