Duane Morris LLPChairman Emeritus

Sheldon M. Bonovitz

About Sheldon M. Bonovitz

Sheldon M. Bonovitz is a lawyer practicing federal income taxation, corporate law, mergers and acquisitions. Sheldon received a B.S. Econ. degree from The Wharton School of the University of Pennsylvania, and has been licensed for 63 years. Sheldon practices at Duane Morris LLP in New York, NY and 1 other location.

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Services

Areas of Law

  • Corporate Law
  • Other 2
    • Federal Income Taxation
    • Mergers and Acquisitions

Practice Details

  • Firm Information
    Position
    Chairman Emeritus
    Firm Name
    Duane Morris LLP
  • Representative Cases & Transactions
    Cases
    Representative Matters: Negotiating
    resolving a complex corporate dispute resulting in $400 million of debt forgiveness
    tax planning to eliminate tax on debt forgiveness.
    Advising on succession planning of a large multi-billion dollar publicly-held corporation.
    Advising the Board of $600 million market cap company on a strategy for achieving a liquidity event
    managing process between Company
    its investment bankers.
    Advising a real estate fund with $1 billion of equity on various tax, real estate
    structuring strategies.
    Advising a real estate syndication client on structuring strategies, involving transactions totaling $100 million plus.
    Advising on the strategy of the sale of a business to a Fortune 100 Company netting proceeds to the seller's shareholders of $125 million
    responsibility for advising on management consultants, investment bankers
    sale negotiations.
    Structured a substantial investment in a technology company that was taxed as a pass-through entity using equity participation rights for strategic participants
    venture investors.
    Structured innovative deferred compensation plans for senior executives in Fortune 500 companies.

Experience

  • Bar Admission & Memberships
    Admissions
    1963, District of Columbia
    1965, Pennsylvania
    Supreme Court of the United States
    U.S. Tax Court
    U.S. Court of Appeals for the Third Circuit
    U.S. Court of Claims
    Supreme Court of Pennsylvania
    Memberships

    Professional Activities

    •Adjunct Professor at Columbia Law School teaching a course on The Large Law Firm - Organization, Operation, Strategies and Issues.

    Bar Fellowship
    of the American College of Tax Counsel and a member of the Tax Advisory Group of the American Law Institute. He has written numerous articles on corporate tax, has lectured at various tax institutes throughout the country and has taught advanced courses in taxation at the University of Pennsylvania Law School and at the Graduate Tax Program of Temple University School of Law. Mr. Bonovitz most recently is an adjunct professor at Columbia Law School, teaching a course on "The Large Law Firm - Organization, Operation, Strategies and Issues," covering the subject in a current, realistic, large law firm setting. He previously taught this course at Harvard Law School.

    A former Attorney-Advisor to the Honorable Arnold Raum of the United States Tax Court, Mr. Bonovitz is a graduate of Harvard Law School and the University of Pennsylvania's Wharton School of Finance and Commerce.

    Representative Matters

    • Negotiating and resolving a complex corporate dispute resulting in $400 million of debt forgiveness; tax planning to eliminate tax on debt forgiveness.

    • Advising on succession planning of a large multi-billion dollar publicly-held corporation.

    • Advising the Board of $600 million market cap company on a strategy for achieving a liquidity event; managing process between Company and its investment bankers.

    • Advising a real estate fund with $1 billion of equity on various tax, real estate and structuring strategies.

    • Advising a real estate syndication client on structuring strategies, involving transactions totaling $100 million plus.

    • Advising on the strategy of the sale of a business to a Fortune 100 Company netting proceeds to the seller's shareholders of $125 million; responsibility for advising on management consultants, investment bankers and sale negotiations.

    • Structured a substantial investment in a technology company that was taxed as a pass-through entity using equity participation rights for strategic participants and venture investors.

    • Structured innovative deferred compensation plans for senior executives in Fortune 500 companies.

    Areas of Practice

    • Federal Income Taxation

    • Corporate Law

    • Mergers and Acquisitions

    Professional Activities

    • Adjunct Professor at Columbia Law School teaching a course on "The Large Law Firm - Organization, Operation, Strategies and Issues."

    Honors and Awards

    • Listed in Pennsylvania Super Lawyers, 2005-2010

    • AV® Preeminent™ Peer Review Rated by Martindale-Hubbell

    Civic and Charitable Activities

    • Board of Trustees, Barnes Foundation

    • Board of Trustees, Philadelphia Museum of Art

    • Board of Trustees, Free Library of Philadelphia Foundation

    • Board of Trustees, Curtis Institute of Music

    • Trustee, Dolfinger-McMahon Charitable Trust

    • Trustee, Christian R. and Mary F. Lindback Foundation

    • Chairman, Foundation for Self-Taught American Artists

    • Chairman, Board of Directors, Philadelphia's Children First Fund

    Member: Philadelphia Bar Association (Former Chairman, Tax Section); American Bar Association (Former Chairman, Corporate Tax Committee and Committee on Affiliated and Related Corporations, Taxation Section); Pennsylvania Bar Association (Tax Law Section). Fellow: American College of Tax Counsel.

  • Education & Certifications
    Law School
    Harvard Law School
    Class of 1962
    J.D.
    cum laude
    Other Education
    The Wharton School of the University of Pennsylvania
    B.S. Econ.
  • Personal Details & History
    Age
    Born in 1937
    Cleveland, Ohio, April 26, 1937
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