Stephanie Loughlin joins Venable’s Tax and Wealth Planning Group in Washington
Venable LLP has announced that tax attorney Stephanie M. Loughlin has joined as a partner in the firm’s Washington, DC office.
Ms. Loughlin, who led Dow Lohnes’s tax planning practice (and worked there for 25 years), handles a wide range of tax matters, including advising businesses in structuring joint ventures, acquisitions and other transactions. She represents closely-held businesses and their owners in handling succession issues, estate planning, and charitable objectives.
Wealth Preservation Planning
Ms. Loughlin assists owners of closely-held businesses and other high-net worth individuals in achieving their business succession, estate planning and charitable objectives. She routinely collaborates with clients’ accountants, investment advisors, appraisers and other professional consultants to develop and implement planning that is tax-efficient and tailored to the goals of her clients. She also represents individuals and trusts and estates before the IRS and federal courts in tax audits and controversies, many of which have involved the valuation of closely-held media and entertainment businesses.
Joint Venture and Business Transactions Tax
Ms. Loughlin advises clients in structuring and negotiating joint ventures, acquisitions and other business transactions. She has represented several private equity funds in connection with the formation of their investment funds as well as with portfolio investments made by the funds. In addition, Ms. Loughlin counsels clients on day-to-day operational issues that arise in the joint venture context.
Charitable & Family Planning
Formation of long-term real estate maintenance trust and sale of $30+ million of privately-held securities to trust
Sales of interests in LLC holding over $80 million of artwork to children’s trusts
Development and structuring of $70+ million Charitable Lead Annuity Trust (CLAT) and private foundation beneficiary of CLAT
Formation of multiple investment partnerships with value in excess of $100 million for gifts to grandchildren in 2010 when Generation Skipping Transfer tax was repealed for one year and planning for related gift tax valuations
Receipt of IRS private ruling providing for five-year extension of a private foundation’s grace period to dispose of excess business holdings
Implementation of charitable dispositions of privately-held securities
Joint Venture and Business Transactions Tax
Representation of Sandler Capital Management in the sale of its portfolio company, WaveDivision Holdings, LLC to Oak Hill Capital Partners, including negotiation of purchase agreement, pre-sale tax planning, foreign and state withholding matters, and tax reporting of sale
Representation of bidding group for the Los Angeles Dodgers Major League Baseball franchise and Dodger Stadium
Representation of lead investor in restructuring of private bio-technology joint venture
Represented South College in connection with a minority invested in the college by Renovus Capital Partners, an education-focused private equity firm
Represented The National Labor College, a regionally accredited higher learning institution founded by the AFL-CIO, in connection with its joint venture with The Princeton Review to establish an online education service
Tax Controversy
Estate tax valuation of shares in a private corporation that owned and operated a professional football team (U.S. Court of Federal Claims)
Representation of clients in IRS Global High Wealth audits
Representation of clients in connection with IRS gift and estate tax controversies involving the valuation of closely-held media, real estate and investment entities
IRS Appeals challenge of audit determination that business losses of trust were non-deductible passive losses
Representation of client in IRS Offshore Voluntary Disclosure Initiative