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.

Client Successes

• 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
• Advises multinational corporations with Asheville locations on transfer pricing, tax minimization strategy, and corporate law issues.
• Advises local family owned businesses on financing, contract matters, tax optimization, and tax treaty issues.
• Negotiated tax liability or assessment reductions with IRS, NCDOR, and numerous County Governments.

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)

Bar

North Carolina (2002)

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

U.S. Tax Court (2002)

Education

University of Denver (LL.M. Taxation, 2001)

Wake Forest University (J.D., 2000; B.A. cum laude with honors, 1997)

Awards

Best Lawyers® in America (2021 - 2022)

Business North Carolina Magazine Legal Elite, Business (2019 - 2020)

Super Lawyer Listed as a “Rising Star” (2014)