Aman Badyal

Shareholder


Experience

Aman Badyal is a shareholder in the Firm’s Corporate Group.  He provides sophisticated tax advice in connection with various business transactions, including loan workouts, executive compensation, mergers, acquisitions, reorganizations, cross-border transactions, international investment, and real estate development and investment projects. Aman is currently advising numerous clients in connection with the formation and structuring of Qualified Opportunity Zone Funds and investment in Qualified Opportunity Zone Property.  

With a background ranging from prestigious boutiques to large national and international firms, Aman has represented ultra-high net worth individuals, global conglomerates, early-stage start-ups, and clients with businesses and interests of all sizes. He regularly serves clients in the real estate, technology, hospitality, investment/finance, and entertainment industries.

Aman has taught Taxation of Business Organizations as an Adjunct Professor at Thomas Jefferson School of Law.

 

Notable Representations:

  • Counseled real estate developer regarding the various tax and other legal implications of a business restructuring, which included contemporaneous partnership distributions, partnership contributions, reverse IRC section 1031 like-kind exchanges and IRC section 708(b)(2) consolidations and divisions of numerous tax partnerships with an aggregate value in excess of $500,000,000.
  • Advised client and drafted tax opinion in connection with $50,000,000 historic rehabilitation tax credit equity investment (total construction expenditures in excess of $300,000,000).
  • Counseled U.S. publicly traded corporation regarding U.S. income tax implications of a reorganization effectuated in connection with delisting the company in the U.S. and relisting it in the majority shareholders’ home country.
  • Worked with a foreign conglomerate’s legal and foreign tax advisors in developing a corporate structure that resulted in a zero percent worldwide corporate income tax rate with respect to the client’s new product line.
  • Structured disposition of approximately $35,000,000 worth of marketable securities by a family investment partnership in order to avoid the Section 731(c) rules regarding distributions of marketable securities and the S Corporation built-in gains tax with respect to the distributive share of the majority partner.

South Asian Bar Association- San Diego
Board Member

L.L.M., Taxation, New York University School of Law

J.D., Georgetown University Law Center

B.A., Business Administration and Accounting, University of Washington

Webinar: CRA Presents Small Business Provisions of CARES Act

Weintraub attorneys Jim Clarke, Lukas Clary, Aman Badyal, and Andy McCarthy presented for the California Restaurant Association (CRA) webinar Small Business Provisions of CARES Act, discussing aspects of the Act most likely to provide immediate cash flow to small and medium-sized businesses,

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Hot Tax Topics for Corporate Counsel

  Aman Badyal Will Be Presenting “Hot Tax Topics for Corporate Counsel” to the Association of Corporate Counsel (ACC) Summary: A quick high-level summary of important new or revised tax rules corporate counsel should be aware of and how they can impact your company.  

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Small Business Provisions of CARES Act

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act). There is no shortage of coverage and commentary on the CARES Act,

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Aman Badyal joins Weintraub Tobin

Weintraub is pleased to announce that Aman Badyal has joined the firm as a Shareholder in the Firm’s Corporate and Tax Groups.  He will be based in the firm’s San Diego office.

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Opportunity Zone Funds and Investors Get Relief in Light of COVID-19

On June 4, 2020, the Internal Revenue Service published Notice 2020-39 (Notice) which provides relief to qualified opportunity funds (QOFs) and their investors in light of the COVID-19 pandemic.  Here is a summary,

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Paycheck Protection Program Flexibility Act of 2020

On June 5, 2020, President Trump signed into law H.R. 7010 – the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”). The PPPFA makes significant borrower favorable amendments to the Paycheck Protection Program (“PPP”).

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SBA Releases PPP Loan Forgiveness Application (UPDATED*)

On Friday May 15, 2020, the Small Business Administration (“SBA”) released the application borrowers will use to request forgiveness of their Paycheck Protection Program (“PPP”) loans.  On Friday May 22, 2020,

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Further SBA Guidance on Necessity Certification for PPP Loans

Small Business Administration (SBA) guidance published on May 13, 2020 adds clarity to the “necessity” certification that borrowers were required to make when applying for Paycheck Protection Program (PPP) loans.  According to this guidance,

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IRS Issues Clarification on Deductibility of Expenses Paid with Forgiven PPP Loans

The Paycheck Protection Program (“PPP”) was established by the recently enacted CARES Act. PPP allows approved lenders to make loans to small businesses operating the United States. The federal government guarantees the repayment of PPP loans while providing borrowers with favorable repayment terms.

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Coronavirus-Related Tax Relief for the Real Estate and Agricultural Industries

Through various mechanisms, the federal government has issued several forms of tax relief to real estate and agricultural businesses impacted by the current COVID-19 pandemic. The majority of the tax relief was included in the Coronavirus Aid,

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Small Business Provisions of CARES Act

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act). There is no shortage of coverage and commentary on the CARES Act,

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The Wonderful Land of OZ: An Overview of Opportunity Zones

Opportunity Zones (or OZs) may be the most talked-about provision of the Tax Cuts and Jobs Act of 2017.  There are many twists and turns on the yellow brick road to completing an OZ project. 

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