Bruce Gaynes, a founding shareholder of KKG, has over 40 years of experience helping clients with their business and personal planning. Prior to practicing law, he worked in the tax department of a national accounting firm and became a Certified Public Accountant. His law practice focuses on corporate law, estate planning and tax matters.
Bruce is very familiar with the governance and management of corporations, limited liability companies, limited partnerships, revocable and non-revocable trusts, estates and various other entities. He handles matters concerning the full business life cycle, beginning with organizational structuring, formation, and tax considerations. As business and professional practices develop and grow, Bruce helps their owners properly document and protect themselves. He frequently drafts and negotiates operating agreements, shareholder agreements, independent contractor agreements, employment contracts, non-disclosure agreements, and other business documents. When clients look for exit strategies Bruce helps them establish business succession plans, negotiate merger and acquisition arrangements, and wisely engage in reorganization and gifting strategies.
As part of his service to business owners, executives, and professionals, Bruce maintains an estate planning practice, counseling individuals and families in reducing taxes and making appropriate asset transfers. In connection with his involvement in trust and estate law, Bruce also has extensive experience with probate matters.
Bruce is married and has three children. When he is not in the office, he can often be found volunteering with community and philanthropic institutions. He regularly serves as an officer, executive board member or director of one or more non-profit organizations. Bruce is often called upon to speak to groups about matters ranging from taxation to estate planning to fundraising.
- Created the strategy for maintaining the pass-through tax status of an S Corporation despite its six-phase sale of its ownership to a quasi-public European company. When the buyer failed a year after the last step of the sale, our client repurchased the company for less than 2% of the sale price and regained tax status. A portion of the client entity was sold a few years later for several times the repurchase price.
- Negotiated and closed a $75 million sale of fifty percent of the membership interests in a limited liability company to a national insurance company in a transaction made under tight time pressure.
- Represented client in intensely negotiated construction contract involving client’s specialized work for a Fortune 500 company.
- Took the opportunity created by economic hard times to guide high net worth family in the transfer of substantial portions of their wealth to direct and collateral younger generations.
- Combined sales to grantor trusts with the use of irrevocable life insurance trusts, to gain substantial estate and income tax savings for family that owned highly successful manufacturing company.
- Advised multiple families in the use and implementation of qualified personal residence trusts, private foundations, charitable remainder trusts and other advanced estate planning and gifting techniques to legally reduce the amount of estate taxes that their families would be required to pay.
- American Bar Association
- State Bar of Georgia
- Atlanta Bar Association
- Atlanta Estate Planning Council
- Georgia Society of Certified Public Accountants
- Georgia, 1977
- U.S. Tax Court, 1984
- Emory University, J.D., 1977
- Tulane University, B.A., 1973, cum laude