About George

George advises clients in real estate transactions, M&A, and general corporate matters. He regularly assists clients by developing and implementing tax and asset protection structures for operating businesses and passive investments. George leads the firm’s Qualified Opportunity Zone practice, helping Qualified Opportunity Funds and investors analyze project eligibility and ensure regulatory compliance. He has structured single and multi-asset funds ranging from small, two investor deals to $20 million joint ventures between large real estate developers and tribal economic development entities.

Experience

In his practice, George has:

  • Advised private real estate developers using tax increment financing and Qualified Opportunity Zone investment fund structures for downtown redevelopment. These engagements often include all aspects of land assemblage, negotiating construction and term loans, negotiating operating agreements, obtaining other tax credits and incentives, and leasing.
  • Structured real estate investments for federal historic rehabilitation tax credits (HTCs). In one such deal that was originally negotiated as a single-tier structure with a third-party tax credit syndication fund, George helped determine that the developer’s principals could claim real estate professional status for federal tax purposes and that they met the material participation requirements under IRC § 469. This enabled the taxpayers to claim the credits directly, characterize them as active as opposed to passive, and therefore apply them against all federal tax liability.
  • Represented a variety of buyers and sellers of businesses, including sales to and acquisitions by private equity firms. Businesses have ranged from physician practices to commercial real estate brokerages, gas stations, restaurant franchisees, and employee benefits firms.
  • Represented borrowers and lending institutions in connection with secured and unsecured commercial loans, including both defending against and seeking commercial foreclosure.
  • Prepared estate plans that integrate business succession and asset protection.
  • Represented commercial landlords in lease workouts, collections litigation, and commercial tenant bankruptcy.
  • Served small business owners as outside general counsel and advised them on various tax matters such as making an election to minimize self-employment taxes, hiring minor children as a tax strategy to create earned income for IRA purposes and to shift family income into lower tax brackets, and creating a family management company to complement passive income for purposes of adopting a solo 401(k) retirement plan.
  • Prepared declarations of protective covenants, conditions, and restrictions for homeowner associations.
  • Assisted startup founders from entity formation through capital raises with angel and venture capital investors, including negotiating SAFEs, convertible notes, and preferred equity.
  • Advised real estate and private equity investors regarding self-directed accounts (including IRAs, 401(k)s, and HSAs) on prohibited transaction rules under IRC § 4975 and structuring to avoid or minimize tax on unrelated business taxable income and unrelated debt-financed income.

Education

  • Indiana University Maurer School of Law, J.D., cum laude
  • University of Dayton, B.A., Finance, and Accounting, magna cum laude

Admissions

  • Indiana
  • Northern District of Indiana
  • Southern District of Indiana
  • U.S. Bankruptcy Court, Southern District of Indiana