David B. Deutsch is a partner with the firm and serves as an advisor to entrepreneurs and emerging businesses, guiding them through the planning and operational stages. Mr. Deutsch also specializes in a broad range of business and taxation matters, regularly counseling clients in estate and business succession planning, merger and acquisition transactions, and real estate transactions.Mr. Deutsch has acted as counsel in various business and tax planning transactions such as mergers, acquisitions, sales of businesses and sales of medical practices, family business transfers, entity selection, and planning issues relating to corporations, partnerships and limited liability companies. He also applies his business and tax planning expertise in assisting entrepreneurial and emerging businesses in the planning and operational stages.Mr. Deutsch’s experience in the areas of business and taxation covers a broad range of transactions, including:
- Structuring and documenting the transfer of family businesses from the parent/owner to their children in the business, by using various planning techniques such as family limited liability companies, recapitalization of voting and non-voting stock, self-canceling installment notes, stock redemption/stock purchase transactions, private annuities and defective trust transactions. By utilizing these various techniques, clients have been able to transfer their family businesses with minimum transfer taxes, while still retaining favorable capital gain treatment.
- Structuring and documenting the formation of limited liability companies and joint venture transactions, including advising and drafting the appropriate operating agreements (including multi-class- voting and non-voting interests, profit and capital interest) or bylaws (in the case of single member limited liability companies) and buy-sell agreements, the conversion of both co-partnerships and limited partnerships into limited liability companies on a tax-free basis, and cross-entity merger transactions of S-corporations and C-Corporations with and into limited liability companies.
- Advising the growing business in developing non-qualified benefit plans for their employees, including drafting non-qualified deferred compensation agreements, Rabbi trusts, phantom stock plans and share appreciation right plans.
- Structuring and drafting estate planning documents for families and individuals with medium to high net worths.
Mr. Deutsch is a member of the American, Michigan and Oakland County Bar Associations (Business, Corporate and Taxation Sections). He served on the Council for the Taxation Section of the State Bar of Michigan, and was the Editor for the Michigan Tax Lawyer. Mr. Deutsch was also a member of Leadership Oakland XIII, is currently is member of the Board of Directors for the North Farmington/West Bloomfield baseball league.
Mr. Deutsch is a frequent lecturer to the National Business Institute, the Institute of Continuing Legal Education, Michigan Association of Certified Public Accountants, Michigan Association of Independent Accountants, and the Michigan Association of Enrolled Agents, as well as a frequent provider of continuing education credits to insurance professionals and accounting professionals.
Mr. Deutsch is a member of the American, Michigan and Oakland County Bar Associations (Business, Corporate and Taxation Sections). He served on the Council for the Taxation Section of the State Bar of Michigan, and was the Editor for the Michigan Tax Lawyer. Mr. Deutsch was also a member of Leadership Oakland XIII, is currently is member of the Board of Directors for the North Farmington/West Bloomfield baseball league, and was a manager for a travel baseball team for 10 years.
- Laches, Oakland County Bar Association, Tax Law Issue, April 2001, Number 423, “Converting Existing Entities to Limited Liability Companies”
- Michigan Tax Lawyer, Volume XXVI, Issue 4 Fourth Quarter 2000, “New IRS Ruling Sanctions “Reverse” Like Kind Exchanges”
- Michigan Tax Lawyer, Issue 3 Third Quarter 2001, “Choice of Entities for Entrepreneurs in the Twenty-First Century”