Shareholder Ed Hannon Focuses on Tax Structures in M&A and Real Estate Deals
Am Law 100 firm, Polsinelli, welcomes Edward J. Hannon to its Tax Practice in Chicago.
Edward J. Hannon joins the firm as a shareholder and will provide counsel to clients on the development of tax savings structures for the acquisition and disposition of privately-held businesses. Ed also advises clients on the use of tax-oriented structures in real estate transactions and has represented developers in connection with the pursuit and completion of opportunity zone-related projects.
“Our business-minded clients are always looking for the best tax strategies to maximize the value of their deals,” said William J. Sanders, Polsinelli’s Tax Practice Chair and Firm Treasurer. “Ed has a wealth of knowledge in this area, which he applies in supporting international and U.S. clients with great sensitivity to their needs and goals.”
Hannon represents real estate owners and investors in the use of tax-oriented structures related to governance, entity formation and dissolution of issues. He frequently advises investors in opportunities to minimize U.S. tax costs related to real estate investments and transactions. He also has an in-depth understanding of regulations, including Section 1031 of the Internal Revenue Code and Delaware statutory trust and common structure.
Drawing from more than 25 years of experience, Hannon drafts and negotiates tax provisions included in stock purchase agreements, merger agreements and tax sharing agreements for U.S. - based businesses. He also specializes in representing strategic buyers and private equity firms in acquisitions and dispositions ranging in value from $30 million to $500 million.
Polsinelli Tax practice attorneys provide creative solutions and legal guidance on international, federal, state and local tax laws to entities in all major industries and tax status classifications. Attorney’s partner with clients to develop business solutions related to business transactions, tax controversy and litigation, entity formation, tax practice financial services and international tax.
Beyond Tax, Polsinelli’s attorneys in Chicago work across practice areas including Health Care, Corporate and Transactional, Financial Services, Labor and Employment, Real Estate and Science and Technology. The office is home to former general counsels and state agency attorneys, along with the presidents of multiple bar association groups.
“I anticipated joining such a dynamic firm,” Hannon said. “There’s not only a concentration of talent here, but also a real focus on client service and teamwork. I’m looking forward to working with this team to serve my current clients and build new relationships.”
Hannon graduated from Loyola University Chicago School of Law and received his B.S. from Saint Louis University Hannon is also a certified public accountant (CPA) and holds an LLM in Taxation from the Georgetown University Law Center.
Polsinelli is an Am Law 100 firm with more than 850 attorneys in 22 offices nationwide. Recognized by legal research firm BTI Consulting as one of the top firms for excellent client service and client relationships, the firm’s attorneys provide value through practical legal counsel infused with business insight, and focus on health care, financial services, real estate, intellectual property, middle-market corporate, labor and employment and business litigation. Polsinelli PC, Polsinelli LLP in California.