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Paul S. Leonard

Of Counsel

505 20th Street North
Suite 800
Birmingham, AL 35203

For nearly 30 years, Paul has provided outside counsel to companies throughout the United States in the area of taxation with the goal of structuring entities and agreements for asset protection and minimizing taxes from the formation to the sale of the business.

His experience features an emphasis on pass-through entities, employee benefits, general business planning, tax-exempt bond issuance, and estate planning. Paul has worked with clients in the formation of their business entities; structuring these entities in the most tax advantageous manner for the business to be conducted; entering into a purchase agreement if needed; representing the ongoing business in both general business matters and tax issues so that the business minimizes taxes by utilizing permissible deductions, deferrals, and classification of income; and finally in the sale of the business.

Paul has extensive experience in Federal and State income tax and real estate transaction planning including tax aspects of closings. He has served as outside counsel for the planning of purchases and sales of businesses and business interests (corporations, limited liability companies, partnerships, and sole proprietorships), including tax-free/deferred transactions, and general business representation. Paul is also well versed in estate and gift tax planning and estate and trust administration.

Paul has represented low-income housing developers in the syndication and closing of over thirty multi-family, low-income housing projects. Additionally, he has represented developers in the structuring of entities, syndication, and closing of numerous “for market” multi-family housing and commercial developments.

He has substantial experience in the use of various economic development tools, including tax increment finance (TIF), having been involved in the formation of three of the first four TIF districts in the State of Alabama.

Paul has represented both large and small projects relying on state and federal historical tax credits. This representation has included dealing with the Department of the Interior during negotiations of project development requirements to obtain federal historical tax credits, syndication of the project, and sale of state historical tax credits.

Paul has represented publicly traded companies, drafting annual reports/proxy statements along with Forms 10-K, 10-Q, 8-K, and other required SEC forms. Additionally, he has worked on the sale of a publicly traded company resulting in the sale of the entity for over three times the trading price prior to such negotiations.


  • LL.M., University of Florida College of Law, 1988
  • J.D., The University of Alabama School of Law, 1987, Order of the Coif, Dean M. Leigh Harrison Award
  • B.S., University of Alabama, 1984, magna cum laude

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