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Blue Bell, PA v. +1.267.419.1508
f. +1.267.419.1560
jrgreenstein@flammlaw.com
PRACTICE AREAS
Business Transactions & Commercial Finance
PRACTICE
Mr. Greenstein concentrates his practice in the areas of taxation, employee benefit plans, corporations, including operations and transactions, intergenerational transfer of assets, estate planning and administration and real estate including transactions and leasing.
He is experienced in the filing of Federal, State and Local tax returns and representation before the IRS, the United States Tax Court, in addition to State and Local Tribunals.
He counsels clients on the formation of corporations, limited liability companies and partnerships, including financing (bank & IDA loans), Operating Agreements and Shareholder Agreements. He also advises businesses concerning transactions, sale and liquidation.
In his estate practice, Mr. Greenstein prepares estate plans (Wills and Trusts) and advises clients concerning intergenerational transactions. He also administers both estates and trusts. He has extensive experience representing clients in Orphans’ Court.
Mr. Greenstein has assisted employers with pension plans, profit sharing plans, IRAs and health plans.
He has represented both buyers and sellers in real estate acquisitions, financing, leasing and sale.
Prior to joining the firm, Mr. Greenstein was Of Counsel at Obermayer, Rebmann, Maxwell & Hippel in the Business Department. Previously, he was a partner for 18 years with Hepburn Wilcox Hamilton & Putnam in Philadelphia. He was also a tax partner for 23 years with Greenstein, Gorelick, Silverman & Price.
INDUSTRIES
Business & Finance
Estates & Trusts
Real Estate
Pension & Profit Sharing Plans
ADMISSIONS
Supreme Court of Pennsylvania
United States District Court for the Eastern District of Pennsylvania
United States Tax Court
EDUCATION
New York University, LL.M Taxation 1971
University of Pennsylvania, JD 1966
Cornell University, BA 1963
AWARDS & HONORS
Chapel of Four Chaplains award for service as President of Quaker City Lodge of B’nai Brith
ASSOCIATIONS
Pennsylvania Bar Association
Montgomery Bar Association
Member of Board of Trustees of Strickler Memorial Fund
Member of Board of the Samuel and Sara G. Feinman Fund
Philadelphia Estate Planning Council
GOVERNMENTAL SERVICE
West Conshohocken Borough, Councilman 2012 - present
Former Member of Haverford Township School District School Board
REPRESENTATIVE MATTERS
Represented a large manufacturing company when it was sold to an affiliate of a large New York brokerage firm and its real estate was leased to the purchaser.
Represented clients in the intergenerational transfer of assets to reduce the value of the estate of the elder generation.
Represented an automobile dealership that was sold to a large company owning numerous car dealerships which arrangement included employment agreements for the principals of the seller.
Admitted to the U.S. Tax Court and has argued matters successfully before said tribunal. He has also advised clients of the tax consequences of numerous transactions and was in the forefront of the movement to incorporate Professional Practices and to use deferred compensation plans to build wealth for the professionals. He also has negotiated tax issues with the IRS and has successfully filed Offers in Compromise.
Represented the owner of real estate that was condemned for the Pennsylvania Convention Center and obtained a large payment as a result of a hearing before a Board of View.
Represented owners of real estate in Section 1031 Like Kind Exchange and Reverse Like Kind Exchange transactions.