What’s New


Galina P. Petrova Authors Article Titled “The New Partnership Tax Audit Regime: 20 Takeaways”

Galina P. Petrova, a member of the Business Practice Group, authors an article titled “The New Partnership Tax Audit Regime: 20 Takeaways.” The article appears in Tax Assessments, a publication of the Tax Section of the North Carolina Bar Association.

Galina Petrova focuses her practice on advising businesses and investors on transactional taxation matters, entity formation, reorganizations, joint ventures, and mergers and acquisitions. She also assists clients with corporate law matters, including governance and compliance, and with advising tax-exempt organizations. Ms. Petrova received her J.D. degree from the Georgetown University Law Center, where she also obtained an LL.M. degree in Taxation. She holds an LL.M. degree in Global Economic Law from The Sorbonne in Paris.

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Jonathan L. Jenkins Presents at the NCBA Business Law Section Annual Meeting

Jonathan L. Jenkins, a member of the Schell Bray Business Practice Group, presented on February 19, 2016 at the NCBA Business Law & International Law Sections Joint Annual Meeting. The topic was “Anticipating Closely-Held Entity Owner Disputes: A Discussion From a Drafter’s and Litigator’s Perspective”, with an emphasis on buy-sell provisions and valuation considerations, employment matters, spousal ownership, and alternative dispute resolutions. Mr. Jenkins discussed issues to be considered by closely-held entities, their owners and their counsel when negotiating and drafting provisions in governing documents. The co-presenter for the presentation was Jeremy M. Falcone from Ellis & Winters LLP, who provided a litigator’s perspective.

Jonathan Jenkins focuses his practice on private equity, venture capital, mergers and acquisitions, and general business matters. He practices in both the firm’s Chapel Hill and Greensboro offices.

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Edward T. Chaney Speaks at the ABA 2016 Midyear Meeting

Edward T. Chaney, a member of the Schell Bray Trusts and Estates Practice Group, spoke at the American Bar Association’s Section of Taxation 2016 Midyear Meeting, held in Los Angeles, CA on January 29, 2016. Mr. Chaney was selected as a panelist for the Exempt Organizations Committee and spoke on the topic “Difficult Public Support Test Issues.”

Ed Chaney focuses his practice on advising tax-exempt organizations on key tax and corporate matters, including organization formation and governance, 501(c)(3) tax exemption and ongoing compliance, charitable giving, program-related and impact investing, and complex organizational structures, transactions, and transitions. He received his J.D. degree, with honors, from the University of North Carolina School of Law.

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Jonathan L. Jenkins Named North Carolina Super Lawyers Rising Star

We are proud to announce that Jonathan L. Jenkins, a member of the Schell Bray Business Practice Group, was recently selected to the North Carolina Super Lawyers Rising Stars 2016 list in the area of Business/Corporate Law. Mr. Jenkins focuses his practice on startups, mergers and acquisitions, venture capital and general business matters.

Rising Stars are chosen by their peers as being among the top up-and-coming lawyers who are under 40 years of age or have been practicing less than ten years. While up to five percent of the lawyers in the state are named to Super Lawyers, no more than 2.5 percent are named to the Rising Stars list.

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Edward T. Chaney Speaks at 33rd Annual Nonprofit Organizations Institute

Edward T. Chaney, a member of the Schell Bray Trusts and Estates Practice Group, spoke at the University of Texas School of Law’s 33rd Annual Nonprofit Organizations Institute, held in Austin, Texas. Nationally recognized experts from private foundations, public charities, law, finance and government discussed the essential characteristics, requirements, benefits and restrictions of being a tax-exempt organization. Mr. Chaney presented “Private Foundation Relationships with Businesses and Family Offices.”

Ed Chaney focuses his practice on advising tax-exempt organizations on key tax and corporate matters, including organization formation and governance, 501(c)(3) tax exemption and ongoing compliance, charitable giving, program-related and impact investing, and complex organizational structures, transactions, and transitions. He received his J.D. degree, with honors, from the University of North Carolina School of Law.

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Schell Bray Attorneys Recognized by North Carolina Super Lawyers 2016

We are pleased to announce that five of our members were recently selected to North Carolina Super Lawyers 2016. Schell Bray’s North Carolina Super Lawyers and the area for which each is recognized are:

Michael R. Abel – Business/Corporate Law              

Holly H. Alderman – Real Estate Law                                              

Michael H. Godwin – Estate Planning and Probate Law      

Jennifer L.J. Koenig – Estate Planning and Probate Law     

Paul H. Livingston, Jr. – Estate Planning and Probate Law

Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process includes independent research, peer nominations and peer evaluations.

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Kristin King Joins Schell Bray’s Tax Practice

We are pleased to announce that Kristin King has joined Schell Bray and will concentrate her practice in the area of tax law. Prior to joining Schell Bray Ms. King practiced for 15 years at a boutique law firm in New York where she focused on tax and business matters. Ms. King will concentrate on a broad range of tax issues relating to entities, individuals and business and investment transactions. Ms. King received her J.D. degree from Duke University School of Law and an LL.M. in Taxation from the Washington University School of Law. Her undergraduate degree is from Clemson University. She is currently licensed to practice law only in New York and will be seeking her North Carolina license under the applicable reciprocity rules.

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Jonathan L. Jenkins Named Partner at Schell Bray PLLC

Schell Bray PLLC is pleased to announce that Jonathan L. Jenkins became a partner in the firm on January 1, 2016. Jonathan’s practice is focused in startups, venture capital, mergers and acquisitions, and general business matters. He works with clients in the firm’s Chapel Hill and Greensboro offices. Mr. Jenkins received his B.A. degree from the University of Florida and his J.D. degree from Vanderbilt University Law School.

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Nine Schell Bray Attorneys Recognized as Members of North Carolina’s “Legal Elite”

We are proud to announce that nine Schell Bray attorneys have been named by Business North Carolina magazine as members of the North Carolina Legal Elite for 2016. The magazine’s Legal Elite listing, which is compiled annually based upon a poll of North Carolina attorneys, recognizes the attorneys considered by their peers to be among the best practitioners in their respective fields. The following Schell Bray attorneys have been named as 2016 Legal Elite members: Holly H. Alderman, as a member of the Legal Elite Hall of Fame for Real Estate; Doris R. Bray, as a member of the Legal Elite Hall of Fame for Business Law; Stacey A. Brady for Tax/Estate Planning; Michael H. Godwin, as a member of the Legal Elite Hall of Fame for Tax/Estate Planning; James B. Haynes for Real Estate; Thomas P. Hockman for Real Estate; Amy H. Kincaid for Tax/Estate Planning; Jennifer L.J. Koenig for Tax/Estate Planning; Paul H. Livingston, Jr. for Tax/Estate Planning.

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Edward T. Chaney Co-Authors Article for the Taxation of Exempts Journal

Edward T. Chaney, a member of the Schell Bray Trusts and Estates Practice Group, co-authors article titled “Getting Public Charity Status Right Before It Goes Wrong” with Kimberly Eney. The article appears in Taxation of Exempts, Volume 27/Issue 2 Copyright © 2015 Thomson/RIA.

Ed Chaney focuses his practice on advising tax-exempt organizations on key tax and corporate matters, including organization formation and governance, 501(c)(3) tax exemption and ongoing compliance, charitable giving, program-related and impact investing, and complex organizational structures, transactions, and transitions. He received his J.D. degree, with honors, from the University of North Carolina School of Law.

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