Tax and Business Counsel for Ohio's Closely Held Companies
Kovacs-Colón Law
Federal Tax Planning · IRS Controversy · Ohio Business Law Serving executives, LLCs, S-Corps, and professional groups across Ohio.
Fluent in Spanish
Minimizing your Tax Exposure. Protecting What You've Built.
Strategic Tax and Business Counsel Closely Held Companies
-Ohio & Federal
Business & Tax Law for Closely Held Companies
Francis Kovacs-Colón, Esq. is a business and tax attorney based in Dublin, Ohio, representing closely held businesses, professional groups, and high-net-worth individuals. His practice integrates business law and tax planning to maximize operational flexibility and minimize tax exposure across the full spectrum of Partnerships, LLCs, S Corporations, and C Corporations.
Education & Bar Admissions. B.A., Ohio State University, 1975. Juris Doctor, Capital University Law School, 1980. LL.M. (Taxation), Capital University Law School, 1991. Admitted to the Ohio Bar, 1980. Licensed to practice before the U.S. Court of Appeals, Sixth Circuit, 1981. Member: Columbus Bar Association (Employee Benefits and Executive Compensation Committee, Vice-Chairman 1987–1988; Chairman 1988–1989); Ohio State Bar Association; Tax Section, American Bar Association (Employee Benefits Committee and Multiple Employer–Affiliated Service Group Subcommittee). Fluent in Spanish.
Practice Focus. Francis counsels clients on business entity selection and formation, governance, mergers and acquisitions, ERISA, qualified and non-qualified deferred compensation programs, welfare benefit programs, executive compensation, employee stock ownership plans, tax-exempt organizations, estate planning, and financial product regulations. His federal tax controversy practice encompasses IRS notices, penalty abatement, and Offers in Compromise. He has represented clients before the Internal Revenue Service, the Department of Labor, and in Federal Court. Francis also has represented clients in local and state courts.
Representative Matters. Reorganized a multi-entity control group converting pass-through entities to brother-sister C Corporations controlled by an S Corporation management company, achieving significant tax savings for both the entities and their owners. Led the pension committee of an international manufacturing firm in selecting and monitoring a financial services investment adviser, resulting in a full reconstruction of a large pension portfolio and installation of executive benefit plan funding. Designed and implemented retirement and employee benefit plans for a national organization of over 350 related corporations while avoiding application of control group and affiliated service group provisions. Secured a favorable VCR resolution for a publicly traded$1.2-billion client whose 401(k) profit-sharing plan had misapplied fixed-income investments for several thousand participants. Supervised ERISA strategy for a national retailer's multi-million-dollar ESOP and employee benefit plans through Chapter 11 bankruptcy, avoiding fiduciary liability and saving nearly $100,000 in employee contributions.
Academic & Civic. Adjunct Professor, Capital University Law School Graduate Tax Program (LL.M.), teaching Qualified Retirement Plans and Executive Compensation. Former Board Member and Vice-President, Ohio Hispanic Chamber of Commerce. Born in Aguadilla, Puerto Rico. Parishioner of St. Brigid of Kildare, Dublin, Ohio.
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