Working with entrepreneurs, family businesses, and nonprofits, Adam Tarleton provides counsel on tax, estate planning, and business matters to help his clients protect and preserve their wealth and achieve their personal and financial goals.
Adam prepares wills, trusts, and other estate planning documents that help clients minimize the tax and related costs of transferring wealth to younger generations, and helps devise succession planning strategies to preserve the value of family-owned businesses through multiple generations. Adam also works with trustees and beneficiaries to modify existing trusts to adapt to changing laws and circumstances.
Adam helps families form private foundations, charitable trusts, and other nonprofit organizations, and provides advice on how to structure charitable gifts to maximize the tax benefits of philanthropic activity. Adam also helps nonprofits in compliance matters, with a particular focus on working within tax rules that limit the ways in which charities can participate in the political process.
Adam defends clients in IRS and state tax audits, and represents taxpayers in administrative appeals and litigation seeking the refund or abatement of taxes and penalties assessed in audit proceedings. Adam’s previous successes include obtaining favorable settlements or decisions in cases involving conservation easements, cigarette and tobacco taxes, real estate losses, and federal estate tax matters.
Adam helps clients to understand the complicated federal and state tax laws impacting their businesses, and provides practical advice on how to structure business transactions – including start-ups, joint ventures, mergers and acquisitions, divisions, and liquidations – in the most tax-efficient way possible. Adam also prepares legal documents requisite to the formation of new entities, including corporations, limited partnerships, and LLCs, and drafts and negotiates key governance documents, such as operating agreements, bylaws, and shareholder or buy-sell agreements.
Member, Board of Directors, Green Hill Center for North Carolina Art, 2011-present
Member, Board of Directors, Ten Thousand Villages of Greensboro, 2012-present
Volunteer, Greensboro Women's Resource Center Attorney Hotline, 2007-present
Assistant Poetry Editor, StorySouth magazine, 2008-2013
Sumner Elementary School Male Mentor Program, 2008-2010
Public Companies and Private Foundations: Tax Pitfalls For Insider Gifts," Tax Assessments, N.C. Bar Association, February 2013
"New Law Requires Department of Revenue to Adopt 'Rules' on Combined Reporting," Tax Assessments, N.C. Bar Association, September 2012
Presenter, Estate and Charitable Planning Opportunities in the Sale of a Business, UNC Festival of Legal Learning, February 2012
Panelist, Marketing, Financing and Legal Advice for Creative Businesses, Southern Entrepreneurship in the Arts Conference, UNC-Greensboro, February 2012
Presenter, "Choosing the Right Entity for Your New Practice," N.C. Bar Association Solo/Small Firm Conference, November 18, 2011
Presenter, "Charitable Giving Structures," Watauga County Community Foundation, September 23, 2011
"The Evolving Estate, Gift, and Generation-Skipping Transfer Tax System," Society of Financial Services Professionals, January 18, 2011
Seminar, "Legal Developments Affecting Green Building: From Cap-and-Trade to Stimulus Grants," Commercial Real Estate Sustainable Forum (Greensboro, 2010)
Co-author, Stock Purchase Agreement Form, N.C. Bar Association Business Law Section's Forms Project, 2009
In Search of the Welcome Mat: The Scope of Statutory Federal Question Jurisdiction After Grable & Sons Metal Products v. Darue Engineering & Manufacturing, 84 N.C. L. Rev. 1394, 2006
An Eastern North Carolina native, I grew up in Wilson, but finished high school in Durham, where I graduated from the North Carolina School of Science and Math. My first career goal was to be a famous poet (an oxymoron), and I studied creative writing in the Master of Fine Arts program at UNC-Greensboro before law school.
In my spare time, I enjoy reading, cooking, traveling, and spending time with my wife (Melissa), my two boys (Grady and John Harper), and the menagerie of dogs and cats we’ve rescued.