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Biography

Scott is the leader of the firm’s tax planning team and co-chair of the firm’s private equity industry team.  The scope of Scott’s tax practice encompasses tax planning for business formations, ownership arrangements, LLC agreements and M&A transactions.  Scott’s corporate practice extends to handling M&A transactions, equity compensation arrangements and general corporate law matters.

Scott is recognized for his tax planning work with founders, investors, and businesses with respect to their qualified small business stock (QSBS) issues.  Scott has written numerous articles addressing QSBS planning issues, and he has developed a national practice handling Section 1202 and 1045 issues.  Scott’s focus is on securing and maximizing Section 1202’s generous tax benefits for his clients.

Scott has represented companies, founders, investors, management teams, executives, PE sponsors, family offices and individuals across a wide variety of industries, including healthcare, direct marketing, gaming, industrial and commercial real estate development, distributorship, software and hospitality.  Scott applies his expertise and experience to assist clients in achieving their business objectives, whether that means limiting an exposure to contingent liabilities or finding the most tax efficient structure for a business transaction.

Scott's Relevant Experience

General Business Experience

Assisted business owners with their business succession planning, culminating in ESOPs, sales to family members, management or other investors, or to outside financial or strategic buyers.

Handled or managed M&A work for financial buyers acquiring targets in a variety of industry areas.

Assisted PE firms with development of their internal and portfolio company governance and compensation documents.

In connection with handing M&A work for business owners, assisted with structuring and implementing tax favored equity rollovers, including the tax and governance (minority owner) issues.

Developed and coordinated both general and specialized due diligence projects for lower-middle and middle market PE firms (e.g., an immigration-focused due diligence investigation of a Southwest US construction general contractor which utilized a network of independent contractors with their own construction teams).

Managed the firm’s outside general counsel services for PE firms’ portfolio companies (with legal needs ranging from managing world-class IP portfolios to negotiating collective bargaining agreements).

For a leading skilled nursing and personal services company, developed and implemented a specialized and comprehensive due diligence examination of a target company’s independent contractor arrangement.

Handled the structuring of numerous real estate development projects involving industrial or commercial properties, including associated partnership tax planning and LLC governance issues, in transactions often involving property owners, developers and investors.

Handled tax and business issues associated with the conversion of a closely-held LLC to a public company, including the roll-up of franchisee stores.

Handled transactions involving a Heisman Trophy Winner, an NFL Hall of Fame member and Super Bowl champion, a Triple Crown winner, and a PGA player of the year.

Advised numerous clients regarding LLC controlling and minority governance and fiduciary duty issues.

Structured and drafted hundreds of closely-held business, investment, family business and wealth and real estate investment and development limited liability companies.

Advised clients in connection with their tax planning, including structuring closely-held business and investment arrangements and transaction tax planning.

Advised clients in connection with the organization and operation of employer assistance organization public charities and other employer assistance vehicles.

Industry-Specific Mergers & Acquisitions Experience

Health Care: home health, personal care, nursing homes, drug treatment clinics, pharma (cancer; macular degeneration), and hearing aid manufacturer and retailer.

Manufacturing: environmental cyclones, after-market automobile parts, chemical storage tank, specialty glass, and metal fabricating.

Entertainment and hospitality: numerous fast-food and casual dining restaurant concepts, including Long John Silvers and Texas Roadhouse, hotels, minor league baseball team, racetrack and gaming operations, and sports and entertainment agencies.

IP/software: blue tooth company, printing, direct mail, developer of optical cables and engines, various software developers and licensing companies, and e-commerce B2B and B2R businesses.

Insurance: title insurance, surety bond, bail bond and general lines agencies and surety bond underwriters.

Retail: convenience stores, specialty pet products, equine, personalized apparel, auto dealerships, funeral homes and printing houses.

Advertising: general advertising agency and auto industry direct marketing.

Construction and real estate: general contractors, asphalt plants, replacement windows, ready-mix concrete, numerous industrial and commercial property projects, rock quarries, underground and surface coal mining and oil and gas.

Waste: waste collection, landfills, metal recycling and hazardous waste incinerators.

Professional: lawyers, accountants and physicians.

Other Info About Scott

Education

Law School

University of Virginia School of Law, J.D.

Undergraduate School

Harvard University, B.A., with honors

Bar Memberships

Scott is licensed to practice in the following state(s):

Kentucky, 1982

Recognition

Local & National Recognition

Chambers USA, Corporate/M&A, 2005, 20082021

Selected for inclusion in Kentucky Super Lawyers®, Tax, 2007-2016

The Best Lawyers in America®, Corporate Law, Mergers & Acquisitions Law, Tax Law, 2006-2020

Peer Review Rated, Martindale-Hubbell®

Professional Affiliations

Professional Affiliations & Memberships

Louisville Free Public Library Foundation, Legal Counsel

Andy’s Outreach Fund Inc., Board Member

Champ Cares Charitable Fund, Inc., Board Member

Major Publications

Scott is an author or contributor to the following publications:

“Dolson’s Limited Liability Company Forms,” University of Kentucky College of Law/Office of Continuing Legal Education Books

“Limited Liability Companies in Kentucky,” University of Kentucky Office of Continuing Legal Education, December 2011

“Contractual Dissenters’ Rights for Kentucky LLCs”  Kentucky Bar Association, Bench & Bar Magazine, January 2011

“Fiduciary Duty Standards of Conduct for Kentucky LLCs” Kentucky Bar Association, Bench & Bar Magazine, January 2011

“Kentucky Limited Liability Companies, Business Succession, Planning and Kentucky Corporations Handbook,”
University of Kentucky College of Law/Office of Continuing Legal Education Books

“Professional Services Corporations,”
University of Kentucky College of Law/Office of Continuing Legal Education Books

Assisted in drafting the Kentucky Business Corporation Act, the Kentucky Limited Liability Company Act, and the Kentucky Registered Limited Liability Partnership Provisions

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