Stephen H. Paley

A co-founder of the firm, Stephen H. Paley is a principal and a member of the firm's Tax, Health Law, Estate Planning, Business/Commercial Transactions, Retirement Plans and Estate/Trust Administration practice groups. He has more than 42 years of experience advising and counseling professional corporations, and representing a broad spectrum of closely held businesses in their corporate and tax planning matters. He handles a wide range of business transactions, including the sale and acquisition of businesses, buy-sell transactions between shareholders and shareholder disputes. Mr. Paley focuses much of his practice on the merger and acquisition of medical practices and works extensively with health care organizations concerning their tax, corporate and regulatory needs. Based on his familiarity representing companies either acquiring medical groups or those being acquired, he is uniquely qualified to handle transactions involving the full complement of complex issues.

Prior to establishing the firm in 1972, Mr. Paley spent four years litigating tax cases across the country for the U.S. Department of Justice, Tax Division (in the Attorney General's Honor Program) and four years in private practice. In addition to enjoying a distinguished career as a lecturer and author, he has been an active participant with several legal organizations. He has served as Chairman of the Practicing Law Institute (PLI)-Advanced Tax Program on Professional Corporations and delivered lectures for PLI’s program on Tax Planning for the Closely Held Corporation and the American Law Institute-American Bar Association’s program on Health Care. Mr. Paley also is a frequent speaker on qualified retirement plans and corporate reorganizations for the Montgomery-Prince George's Continuing Legal Education Institute, Old Dominion Tax Institute, Delaware Tax Institute, Maryland Institute for Continuing Professional Education for Lawyers and various other professional groups in the Washington, D.C. metropolitan area.

Over his years of practice, Mr. Paley has written or co-authored numerous articles and outlines on various sophisticated tax and business planning issues. His published pieces include "Corporate Minutes Are An Often Overlooked Method of Substantiation" (22 Taxation for Accountants 212, April 1979 and 8 Taxation for Lawyers 4, July/August, 1979; co-author "How to Prevent Reclassification of a Debt Instrument Under the Final Regulations", Taxation for Lawyers, Vol. 9, No. 6 May/June 1981 and Vol. 10, No. 1, July/August 1981, Taxation for Accountants, Vol. 26, No. 4, April, 1981 and Vol. 26, No. 5, May, 1981. Guest Advisor for the P.C. Advisor, Vol. 2, No. 6, October 1982.

Mr. Paley graduated magna cum laude with a B.S. from Washington & Lee University where he was a member of Phi Beta Kappa. He received his J.D., with honors, from Georgetown University where he served on the Law Review. He is an active member of the Tax Sections of the Maryland State Bar, the Montgomery County Bar Association, the American Bar Association and the Professional Service Committee of the American Bar Association. He is admitted to practice in Maryland and the District of Columbia.

Education

J.D., With Honors, Georgetown University Law Center, 1964
B.S., Magna Cum Laude, Phi Beta Kappa, Washington & Lee University, 1961

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