Neil W. Gurney

Partner

With over 35 years of legal experience, Neil focuses on business and real estate transactions, as well as estate and tax planning for business owners. He serves as general counsel to numerous owner-managed, privately held businesses, including those which own, develop, and manage real estate (both residential and commercial), as well as those engaged in manufacturing, retail, consumer products, and automobile sale and leasing. He handles all aspects of sophisticated business and real estate acquisitions and sales, financings (debt and private equity, taxable and tax-exempt) and refinancings. He has represented owners in connection with complicated tax-deferred transactions and low-income housing projects utilizing tax-credit equity, and has significant experience with numerous governmental loan programs. Neil has achieved the highest rating, AV Preeminent®, from Martindale-Hubbell®.

Education & Admissions

Education

  • The Ohio State University

    (B.A., summa cum laude with honors and distinction in Philosophy, 1974)
    Phi Beta Kappa

  • University of Michigan

    (Danforth Fellow in Graduate School of Philosophy, 1974-75)

  • The Ohio State University Moritz College of Law

    (J.D., 1977)

Admissions

  • State of Ohio

Experience

REPRESENTATIVE EXPERIENCE

  • Has over 35 years of experience in representing numerous privately held businesses and their owners in connection with a wide variety of business and personal transactions, including acquisitions and sales, reorganizations, joint ventures, business succession and estate planning, prenuptial agreements, syndications, private equity and debt financings, employment and consulting agreements, and general commercial transactions.
  • Has represented numerous entrepreneurial enterprises as general counsel. The enterprises have annual revenues ranging from $2 million to over $200 million and are engaged in numerous activities, including the sale of steel and related products; manufacturing; retail sale of furnishings, clothing, and other goods; computer hardware and software development, licensing, support, and sales; real estate development, management, and leasing; commercial and residential construction; product distribution; metal shredding and recycling; automobile sales and leasing; restaurants and food services businesses; cardiology, internal medicine, opthamology, optometry, general dentistry, orthodontics, and various other activities.
  • Has handled all aspects of sophisticated financings of businesses (both start-ups and mature enterprises) and real estate, including private placements, tax exempt bond issues, taxable note issues, interest rate swap transactions, HUD insured loans, and a wide range of government loan programs.
  • Has significant experience in representing family owned businesses and handling their succession planning, including the structuring and implementation of sophisticated estate planning techniques such as family partnerships and limited liability companies, sales to defective grantor and other trusts, charitable remainder and other irrevocable trusts, stock options, bonus, and other deferred compensation plans.

Publications & Presentations

Presentations

  •  “Protecting Personal Assets & Minimizing Estate Taxes at Death” (June 2007)
  • “Executive Compensation and the New 409A Regulations,” Tax Seminar (May 2007)
  • “LLC Trends & Developments” (December 2006)
  • “Limited Liability Update in OLW” (December 2005)
  • “What’s New & What’s Left in Sophisticated Estate Planning Section 1031 Tax-Free Exchange To Sell or Not to Sell – That is the Question” (September 2005)
  • Frequent speaker at various seminars and institutes sponsored by the Cleveland Bar Association and National Business Institute. Topics have included corporate reorganizations and mergers, tax-free exchanges, tax planning for computer transactions, limited liability companies and family partnerships.

Involvement

PROFESSIONAL AFFILIATIONS

  • American Bar Association
  • Ohio State Bar Association
  • Cleveland Metropolitan Bar Association (Former Chair, General Tax Committee; Estate Planning and General Tax Sections)
FIRM INVOLVEMENT 
  • Committee on Legal Opinions

Honors

HONORS

  • AV Preeminent Peer Review Rated – Martindale-Hubbell