Jay focuses his practice on business and transactional tax law. He advises a wide variety of corporations and high-net-worth individuals on tax and legal aspects of business and real estate activities and represents these taxpayers before federal and state taxing authorities.
Jay was one of the early proponents of Opportunity Zones, and has been at the leading edge of the legislation and related tax incentives since they were first enacted in the Tax Cuts and Jobs Act in late 2017. He has spoken at over a dozen National conferences on the structuring of Qualified Opportunity Funds and Qualified Opportunity Zone businesses, and has helped form more than a dozen successful Qualified Opportunity Funds thus far, ranging in size from small private transactions to transactions in the $200 million to $500 million range.
Jay also works with high-net-worth individuals and business owners to organize their personal income tax and estate planning affairs in order to maximize wealth preservation and minimize tax on transfers to family members, charities, and other recipients. This is accomplished through the use of the latest sophisticated estate planning strategies, including family limited partnerships, installment sales to defective grantor trusts, the formation of family charitable foundations, and other similar techniques.
Jay has also represented and advised numerous public and private companies, as well as private equity and venture capital firms, on investment and acquisition transactions and on the disposition of business interests, in transactions ranging from early-stage investments in high-tech start-ups to acquisitions and sales of mature, late-stage companies and publicly traded corporations.
Another focus in his practice is the taxation of intellectual property, including tax aspects related to the development, licensing and exploitation of intellectual property rights, the migration of valuable intellectual property to offshore jurisdictions and the tax-efficient sale of intellectual property rights. Jay also has extensive experience in the areas of structuring mergers, acquisitions, business sales, and related business transactions.