Jonathan C. Wolnik

Jonathan Wolnik is a partner in Hahn Loeser’s Cleveland office and is a member of the Business Practice Area. He counsels privately owned businesses on all matters of federal, state, and local tax compliance, including tax planning and multi-million-dollar audit resolution. Jonathan advises his business clients with respect to organizational structuring (choice of entity), contracts and agreements, transaction guidance, and corporate and partnership tax planning, including use of limited liability companies, partnerships, and S corporations. He has experience working with clients on complex mergers and acquisitions, in both national and international markets.

He is knowledgeable of ERISA, including the design and implementation of defined benefit pension, profit sharing, cash balance, 401(k) and 403(b) tax-sheltered annuity plans.  He is experienced in the design and implementation of executive compensation plans of all types, including split-dollar, deferred compensation, restricted stock, phantom stock, and stock option plans, including plans funded through rabbi trusts.

Before becoming a lawyer, Jonathan was a Certified Public Accountant, primarily serving middle market clients’ audit, assurance, tax, and operational needs, as well as working on accounting issues associated with high-net-worth individuals. Jonathan’s previous experience as an accountant gives him unique insights into commercial enterprises’ management and operational structures.  He understands accounting, finance, economics, risk management and asset administration, which enables him to solve legal problems without missing bigger economic consequences.  Additionally, he has experience investigating and resolving internal frauds perpetrated against business clients.

Accolades

Significant M&A Transactions

• Represented Seller, a machinery fabricator and installer, in $20 Million minority equity interest sale.
• Served as domestic co-counsel to private equity international Buyer in $75 Million domestic technology company acquisition.
• Represented Seller in industrial services and equipment sector with a multi-million-dollar total equity sale.
• Represented Seller in logistics and product transportation services sector in multi-million-dollar asset sale.
• Represented Seller in hazardous materials industry with $12 Million equity rollover and partial sale.
• Represented international Seller in $5 million Ohio heavy equipment factory sale.
• Served as domestic counsel to international Buyer in the global transportation industry, closing a multi-million-dollar equity acquisition.
• Represented Buyer in million-dollar lawn care company asset acquisition.
• Structured and created multi-million-dollar Qualified Opportunity Zone investment enterprise.

General Counsel Services

• General counsel to a national technology company.
• General counsel to a national consulting firm.
• General counsel to a medical practice.
• Served as general counsel to a national accounting and consulting practice.

Tax and Audit Defense Work

• Defended manufacturing company in million-dollar federal excise tax audit.
• Defended equipment installation company in multi-million-dollar Ohio sales and use tax audit.
• Defended food production company in Ohio sales and use tax audit.
• Defended equipment installation company in New York sales and use tax audit.
• Defended marketing company in Texas sales and use tax audit.
• Defended out-of-state products import Company in Ohio Commercial Activity Tax audit.
• Defended international retailer against Ohio Commercial Activity Tax phantom assessments.
• Defended high net worth individual’s estate and gift tax strategy, involving tax-affecting of gifted business interests, against IRS audit.

Non-Profit Work

• Structured private foundation for multi-million-dollar art collection.
• Structured multiple private foundations and private operating foundations for advancement of family charitable goals.
• Assisting public charities with succession planning and operational issues.

• Ohio Super Lawyers® 2024 Honors 28 Hahn Loeser Attorneys, including Two on “Top Lists”
  December 29, 2023
• Jonathan Wolnik Named Partner at Hahn Loeser & Parks LLP
  September 29, 2023

• Author

  90 Days and Counting for the Initial CTA Deadline

  October 03, 2024
• Speaker

  Practitioner Pity Party – U.S. Corporate Transparency Act Huddle, Part 2 (Alliott Global Alliance)

  September 17, 2024
• Speaker

  U.S. Corporate Transparency Act Huddle, Part 1 (Alliott Global Alliance)

  September 03, 2024
• Author

  IRS Launches Second ERC Voluntary Disclosure Program

  August 23, 2024
• Speaker

  Corporate Transparency Act Tax Roundtable

  February 08, 2024
• Author

  Beware! Corporate Transparency Act Scams Target Business Owners

  January 19, 2024
• Author

  Businesses Should Start Preparing for the CTA Now

  December 18, 2023
• Author

  Business Owners to Face New Federal Reporting Obligations Under the Corporate Transparency Act in 2024

  November 07, 2023
• Author

  The Corporate Transparency Act to Take Effect: What Business Owners Need to Know

  October 20, 2023