Stuart Frentz concentrated his practice on federal, state and local tax matters, including formation of business entities, business planning, preparing partnership and limited liability company agreements with special emphasis on structuring profits interests and complex allocation and distribution provisions in such agreements, mergers and acquisitions, federal consolidated returns, like-kind exchanges of real and personal property, conservation easements, tax aspects of financial restructuring and cancellation-of-indebtedness income, dealing with valuation issues, administrative appeals and audit representation before the IRS and obtaining private letter rulings.
Stuart provided tax counsel in connection with many of the largest corporate transactions handled by the firm, including the reorganization of the holding company structure for Blount International, Inc. He advised banks, bank holding companies and other financial institutions with respect to tax aspects of acquisitions and furnished tax opinions for corporate clients engaging in acquisitive reorganizations.
Over the past 20 years, Stuart pursued a strong interest in the use of partnerships, limited liability companies, limited liability partnerships, joint ventures, S corporations and other passthrough tax entities to achieve tax and estate planning goals for clients. He drafted partnership agreements and LLC operating agreements for a wide variety of start-up businesses, existing concerns, and for family planning purposes. From 2008 to 2016, he wrote a series of columns on S corporations – “The S Corporation Corner” – for The Journal of Passthrough Entities. His columns included two in the form of dramatized narratives based on characters adapted from Charles Dickens’ A Christmas Carol and one featuring a dialectic between attorneys Harry Potter and Lord Voldemort on certain grantor trusts as S corporation shareholders; another column modelled tax considerations for starting up a fictional quantum computing venture; and his final column in 2016 channeled Jeane Dixon by predicting how partnership audit procedure regulations to be issued in the future might affect S corporations.