Stephen T. Byrd

Position: Shareholder

Direct: (919) 510-9260

Fax: (919) 325-4600

Email: byrd@manningfulton.com

Vcard: Download

3605 Glenwood Avenue, Suite 500
Raleigh, NC 27612

Stephen T. Byrd
 

Stephen T. Byrd is a member of Manning Fulton's corporate practice section. He counsels a number of private, closely held companies, and represents them in various business transactions to include mergers and acquisitions, corporate finance, corporate reorganizations, recapitalizations, redemptions, product distribution arrangements and licensing. He also structures complex joint ventures, partnerships and strategic alliances. Clients benefit from Steve's experience advising clients on the tax and business implications of deal structure and "choice of entity" features related to the formation, operation, combination, restructuring, and termination of C Corps, S Corps, limited liability companies and partnerships.

Steve's wide range of experience includes counseling clients on corporate governance issues including the duties and responsibilities of boards of directors and corporate executives. He also structures buy-sell agreements for business entities. Steve has developed equity compensation and deferred compensation plans for key employees, including incentive stock option plans, non-qualified stock options, split dollar life insurance and related employment agreements. He has handled a number of private placement Regulation D securities offerings, including the preparation of confidential disclosure memoranda and other documents for compliance with federal and state securities laws.

A Board Certified Specialist in Estate Planning and Probate Law, Steve works with clients on tax-saving wealth transfer strategies such as business succession planning, family limited partnerships and limited liability companies, generation skipping trusts, charitable lead and remainder trusts, sales to defective grantor trusts, qualified personal residence trusts, grantor retained annuity trusts, various other estate freezing and discount valuation strategies, irrevocable life insurance trusts and related life insurance strategies, asset protection strategies and probate minimization strategies, including the use of funded revocable living trusts.

Steve is listed in North Carolina Super Lawyers (2006-2017) and in Business North Carolina magazine’s Legal Elite (2006, 2010-2012, 2015-2017) in the area of Tax and Estate Planning. 

Please see the following for the qualifications and methodology used in the selection processes: North Carolina Super Lawyers and Business North Carolina.

Education

  • University of North Carolina (J.D., 1984)
  • University of North Carolina (B.S., Phi Beta Kappa, 1979)

Admitted to Practice

  • State of North Carolina, 1984

Specific Matters

  • Represented clients in major corporate finance transactions, including commercial borrowing and private placement Regulation D securities offerings with related securities law compliance
  • Represented clients in business acquisitions and sales including various types of mergers, spin-offs and other reorganizations and restructurings
  • Represented and counseled clients on ESOP transactions involved with business acquisitions
  • Counseled clients on complex tax savings strategies for real estate, including like-kind exchanges and condemnation rollover transactions
  • Formed and organized corporations, limited liability companies and partnerships, including preparation of joint-venture agreements, operating agreements, and shareholders agreements
  • Represented clients in drafting and implementing equity compensation and deferred compensation plans, including incentive stock option agreements and other employment agreements
  • Represented clients in negotiating and drafting international product distribution and licensing transactions
  • Involved with all business organization and transactional aspects of closely-held business representation
  • Represented business owners in business succession planning
  • Represented individual clients in estate and tax planning matters
  • Represented individuals in implementing complex wealth transfer planning and preservation strategies, including sales and gifts to defective grantor trusts, qualified personal residence trusts, grantor retained annuity trusts and various other estate freezing transactions, family partnerships and LLC’s, generation skipping trusts, charitable lead and remainder trusts, irrevocable life insurance trusts and related life insurance strategies, asset protection strategies, and probate minimization strategies using revocable living trusts

Professional Activities

  • Board Certified Specialist in Estate Planning and Probate Law
  • North Carolina Bar Association
    • Tax Section
      • Chair (1999-2000)
      • Legislative Chair (1996-1998)
      • Tax Continuing Education Chair (1995-1996)
      • Tax Newsletter Editor (1989-1991)
      • Nominations Committee (2000 to 2005)
    • Estate Planning Section
    • Business Law Section
  • Wake County Estate Planning Council
  • Speaker on Estate Planning topics for trade and professional groups
  • Manning Fulton Practice Group Leader, Corporate/Tax/Estates Sections
  • Former Licensed Certified Public Accountant (1982-2012)

Community Activities

  • Alexander Family YMCA, Board Chair currently, Vice Chair 2016, Board Member 2008-Present
    • We Build People Fundraiser, Chair (2012 & 2013), Vice Chair (2010-2011)
  • Alexander Family YMCA and Raleigh City League, Youth Basketball Coach
  • Hayes Barton United Methodist Church, Stewardship Team, Chair 2014-Present
  • Broughton Senior High School, Broughton Community Advocates Committee
  • Crossroads Fellowship Church, Administrative Leadership Team (1995-2011)

 

 
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