Gainesville law firm partners with Orlando firm
Published: Tuesday, January 18, 2011 at 5:38 p.m.
Last Modified: Tuesday, January 18, 2011 at 5:38 p.m.
Orlando-based tax law firm Dean Mead has formed an alliance with Gainesville firm Bovay and Cook with hopes of advising many of the new innovative companies forming from University of Florida inventors.
Jack Bovay, managing partner of the Dean, Mead & Bovay office in Gainesville, said the alliance also gives his practice access to 19 attorneys with expertise in tax and estate law, including Charles Egerton, chairman of the American Bar Association Tax Section. The Gainesville office also includes Julia Cook and Richard Withers.
Gainesville is Dean Mead's fourth office -- including sites in Fort Pierce and Viera -- with nearly 50 lawyers.
Bovay said the firm sees Gainesville as a tremendous market to help startup companies with issues of corporate governance, taxes, partnerships and succession plans.
The firm is spearheading a partnership with Saliwanchik, Lloyd & Eisenschenk of Gainesville and Tampa firm Bush & Ross to teach a new course in business law for startup companies at UF.
Bovay, who hails from Lakeland, has been in practice in Gainesville since 1982 after receiving his law degree and master's in taxation from the UF College of Law.
His office is dealing with changes Congress made in December to the estate tax on assets due nine months after death. With $5 million of an estate exempt before a 35 percent tax kicks, Bovay is advising wealthy clients to consider giving up to $5 million in the form of trust funds to children or grandchildren before the current code expires in 2013.
Retroactive changes to the 2010 estate tax also allow families to opt to convert the estate tax into an income tax that heirs pay later, he said.
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