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Jeffrey J. Owen

Jeffrey focuses primarily on tax motivated corporate transactions, as well as general tax matters. His corporate practice involves general business consulting at all entity life stages — from formation, capitalization, distributions and liquidations to stock and asset sales. Jeffrey frequently renders advice on increasing tax efficiency, tax-free reorganizations, liability concerns and structured debt transactions. He consults on North Carolina state and local tax issues, nonprofit concerns (particularly those of religious organizations) and international tax issues.

PRINCIPAL PRACTICE AREAS INCLUDE

Corporate Transactions

  • Asset and Stock Acquisitions and Dispositions
  • Tax-Free Reorganizations
  • Mergers and Acquisitions
  • Stock Redemptions and Partial Liquidations
  • Buy-Sell Negotiations

General Tax Matters

  • General Nonprofit Representation (particularly religious organizations)
  • Qualified and Non-Qualified Deferred Compensation Plans
  • Federal and NC Tax Credit Transactions
  • IRS and NCDOR Tax Controversies, Appeals, and Audits
  • Property Tax and Present Use Status Appeals
  • Conservation Easements
  • North Carolina Residency and Apportionment Issues
  • Asset Protection Planning
  • International Tax Consulting

REPRESENTATIVE M&A TRANSACTIONS

Served as Corporate Counsel on:

  • a $42M stock sale to a private equity firm
  • a $45M stock sale of an internet-based business
  • a $30M D Reorganization/Split-off of one shareholder

Served as Shareholder Counsel in:

  • a $900M sale of a software company to a private equity firm
  • a $32M sale of a software company with a $9M earnout
  • a $50M sale of a media company to a private equity firm

Served as Tax Counsel on:

  • a $28M sale of an insurance business
  • a $28M real estate sale-leaseback
  • a $23M real estate purchase involving NC Mill Tax Credits
  • a $78M 1031 exchange of three multifamily properties

EDUCATION

University of Denver (LL.M. Taxation, 2001)
Wake Forest University (J.D., 2000; B.A. cum laude with honors, 1997)

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North Carolina (2002)
U.S. District Court for the Eastern District of North Carolina (2002)
U.S. Tax Court (2002)

 

 

COMMUNITY INVOLVEMENT

Jeffrey gives back to the community through his participation in:

  • Asheville Industries for the Blind (Board member 2020-present)
  • Asheville Symphony Society, Inc. (Board member 2020-present, Audit Chair)
  • Central United Methodist Church of Asheville, Inc. Administrative Board (Board Chair, 2014-2016)
  • WNC Communities (2005-Present, Board Chair, 2014-2015)
  • Asheville Breakfast Rotary Club (2003-Present, President 2013-2014)
  • Asheville Masters Swimming, Inc. (President, 2008-Present)
  • Pisgah Legal Services (Tax Team, 2001-Present)
  • Country Club of Asheville, Inc. (Board Member 2010-2013; Secretary 2013)

HONORS

Best Lawyers® in America (2021 – 2022)
Business North Carolina Magazine Legal Elite, Business (2019 – 2020)
Super Lawyer Listed as a “Rising Star” (2014)

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