Overview

Steven P. Larson is an associate at McCarthy Lebit and a Certified Public Accountant.  His practice focuses on general corporate law and includes a wide variety of transactional work, including commercial real estate, banking and finance, and mergers and acquisition deals for companies of all sizes. Mr. Larson represents buyers and sellers, borrowers and lenders, and landlords and tenants. Additionally, Mr. Larson’s practice includes all aspects of estate planning, tax planning and controversy, and succession planning.

Prior to attending law school, Mr. Larson engaged in tax compliance and planning as a CPA. He spent three years with a large international accounting firm focusing on large real estate developers and two years as the tax specialist of a publicly-traded specialty insurance company.  Mr. Larson’s legal education and experience make him uniquely qualified to both plan and implement transactions from a tax perspective.

Education

  • Kent State University
    • BBA Accounting
  • Cleveland State University, Cleveland-Marshall College of Law
    • JD

Admissions

  • Ohio
  • U.S. Tax Court

Activities

  • American Bar Association, Member
  • Ohio State Bar Association, Member
  • Cleveland Metropolitan Bar Association, Member
  • Urban Land Institute, Member
  • Tax Club of Cleveland, Member
  • Estate Planning Council of Cleveland, Member
  • Shoes and Clothes for Kids, Associate Board Co-Chair

Articles

  • "Succession Planning: Planning Today for Tomorrow," McCarthy Lebit Business Law Blog, July 2017
  • "It’s never too early to begin crafting your business succession plan," Smart Business Magazine, June 2017
  • "Variations to traditional sale offer additional benefits," Crain's Cleveland Business, January 2017
  • "When doves cry... and siblings feud," McCarthy Lebit Trusts & Estates Blog, April 2016
  • "What’s your five-year plan?" McCarthy Lebit Business Blog, March 2016
  • "Before you sign on dotted line, address post-closing obligations in a business sale," Crain's Cleveland Business, January 2016
  • "Three Reasons You Still Need A Trust," Crain's Cleveland Business, November 2015

Presentations

  • Small Business Law, Aviatra, 2017
  • Small Business Law, The Dealership, 2017
  • Basics of Operating Agreements for Accountants, Skoda Minotti, 2016
  • Creative Ways to Fund your Cleanup While Avoiding Liability: Using Tax Incentives to Fund Brownfield Development, Ohio Brownfield Conference, 2014

Experience

Majority Recapitalization Investment

Represented a machining products company in a majority recapitalization investment from a private equity firm for over $20 million including a rollover investment.

Purchase of Distribution Center

Represented buyer in purchase of $16 million distribution and warehouse facility.

Settlement agreements

Drafted multiple private settlement agreements to resolve trustee/beneficiary issues and clarify terms of trusts.

Estate plans

Drafted multiple complex estate plans for high net worth families to facilitate transfer of wealth to next generation and charitable organizations, utilizing advanced estate planning strategies such as GRATs, FLPs, ILITs, and IDGTs.

Loan template documents

Created equipment loan template documents for Lender.

Refinance of expiring C&I loans

Represented multiple local borrowers in the refinance of expiring C&I loans.

$15 mil credit agreement

Represented Borrower in amending and restating $15 mil credit agreement.

Refinance of $1.9 mil real estate loan

Represented Lender in refinance of $1.9 mil real estate loan in Northeast Ohio.

Refinance of $1.7mil real estate loan

Represented Lender in refinance of $1.7mil real estate loan in Northeast Ohio.

Sale of dental practice

Represented Seller in sale of dental practice and related real estate.

Purchase of 23 acres of residential real estate

Represented Purchaser in purchase of 23 acres of residential real estate for $1.6 million.

Sale and leaseback of distribution facility

Represented Seller in sale and leaseback of distribution facility for $3.75 million.

Sale of distribution facility

Represented Seller in sale of distribution facility for $2 million.

Purchase of land and grant of permanent easement

Represented Purchaser in purchase of land and grant of permanent easement from railroad to facilitate multimillion dollar distribution facility expansion.

Stock Sale $40 Million

Represented the shareholders of a company that manufactures and provides logistics for a complete line of gas management systems, compressed gas fittings, assemblies and manifolds for the alternative fuel, welding, cryogenic, medical and specialty gas markets throughout the world in a stock sale to a private equity firm for a purchase price of over $40 Million.

$9 Million Sale of Midsize Medical Practice

Counsel to Seller-Physicians in the $9 million sale of a midsize medical practice to a large local hospital system.