Smith, Jacob B.

Jake B. Smith


Jake Smith's practice is as a business lawyer with a focus on counseling clients on federal and state income tax matters, including mergers and acquisitions, private equity transactions, real estate transactions, sophisticated transactions and business agreements for limited liability companies, partnerships and corporations.

Jake has as diverse transactional practice frequently advising clients on complex joint ventures, merger agreements, asset and stock purchase agreements, fund formations, business and entity structuring, and business reorganizations.

Jake’s practice also includes the representation of taxpayers in various controversies with the Internal Revenue Service and state tax authorities.

Jake has lectured widely on tax issues before audiences such as the Tax Executives Institute and the American Bar Association. He is a member of the State Bar of Arizona, the New York State Bar Association and the Real Estate Committee and Partnership & LLC Committee of the American Bar Association.


  • Structuring and negotiating the acquisition and subsequent sale of a public company’s real estate franchising business.
  • Negotiating the structure and formation of a private equity fund’s joint venture investment followed by simultaneous acquisition of a software company.
  • Structuring and negotiating the formation of a joint venture followed by its purchase of an interest in multiple healthcare-based limited liability companies in connection with an overall restructuring of a large physician and hospital system joint venture.
  • Representing a private equity fund with its sale of a high-profile premium clothing company to a publicly traded company.
  • Advising on the formation of various private equity funds targeting distressed real estate assets and other operating businesses.
  • Representing a private equity fund’s acquisition of a sporting goods business.
  • Structuring and negotiating a part-sale and part-contribution of the assets of a large construction company to a newly formed joint venture with a private equity fund.
  • Advising and structuring of reorganizations for numerous entities involved in a restructuring or bankruptcy to maximize tax benefits.
  • Structuring and negotiating complex operating agreements for limited liability companies.
  • Negotiating and obtaining favorable settlements with the IRS on numerous occasions, including with respect to the audit of a large manufacturing company and various private equity funds.
  • Providing guidance to investors/developers in order to increase the likelihood of investor characterization of certain real estate parcels.
  • Structuring and negotiating various other asset acquisitions, sales, mergers and dispositions.


  • New York University, LL.M., Taxation, 2004
  • University of Kansas, J.D., with honors, 2003
  • University of Kansas, B.A., 2000


  • Arizona, 2007
  • New York, 2004
  • Selected by peers as a rising star, the top 2.5% of lawyers age 40 or less, or in practice 10 years or less, and recognized as a Top Rated Lawyer by Southwest Super Lawyers.

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