Michael R. Abel

Member

Mike Abel’s practice concentrates on closely held businesses, tax-exempt organizations and commingled investment funds.

He serves in the general counsel role for closely held businesses and advises on a wide variety of issues ranging from routine contract, employment and benefit plan matters to recapitalizations, mergers and acquisitions, and antitrust.

Mr. Abel advises tax-exempt organizations on governance issues, fundraising (including planned giving techniques and endowment agreements), and unrelated business taxable income and other tax issues.

His work with commingled investment funds includes advising clients on choice of entity, tax and structural issues, as well as assisting clients in evaluating investment opportunities.

Mr. Abel has represented financial services, furniture, textile and other manufacturing and service companies and university-affiliated tax-exempt organizations and has participated in the formation of diversified investment funds as well as hedge funds, private equity funds and real estate funds.

Since 1979, Mr. Abel has been an adjunct professor at the University of North Carolina School of Law where he teaches a course in business planning. Since 2002, he has been a member of the North Carolina General Statutes Commission, which was established by the North Carolina General Assembly to study proposed changes in the law and make recommendations to the General Assembly. He has also served on drafting committees for the North Carolina Business Corporation Act, the North Carolina Nonprofit Corporation Act and the North Carolina Limited Liability Company Act.

Mr. Abel is married, has two children and one grandchild. He is a fan of major league baseball, college basketball and politics.