James C. Shanley

Jim’s practice focuses on federal, state and local taxation, with special emphasis on the tax treatment of business transactions, including mergers and reorganizations; the formation, syndication, and reorganization of partnerships and limited liability companies; asset sales and acquisitions; stock sales and purchases; executive compensation; “Golden Parachute” tax minimum procedures for corporate takeover targets and their executives; and planning to maximize use of credits and deductions.

Jim’s recent experience includes providing advice:

• Regarding the reorganization of a tax-exempt hospital into a series of affiliated but separate and distinct entities, such as the parent holding corporation, the hospital operating unit, the real estate holding corporation, and the various departmental activities.
• To foreign corporations regarding the most advantageous and tax-efficient structures for acquiring or organizing domestic business organizations.
• To both employers and executives on the tax aspects of equity-based compensation (such as nonqualified stock options, incentive stock options, and restricted stock plans) and nonqualified deferred compensation (such as “top hat” plans) and related issues.
• To corporate takeover targets, the acquiring entities, and the target executives regarding procedures designed to produce the maximum after-tax entitlement for the target executives at the lowest possible after-tax cost to the target and the acquirer.