Handler Thayer, LLP

Handler Thayer, LLP is dedicated to rendering superior, technologically current, and innovative professional services to affluent families, family offices and privately-held companies. In furtherance of this objective, the firm attracts and develops highly qualified attorneys with business and financial backgrounds committed to personal and professional excellence.

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On May 11, 2019, Steven Thayer delivered the commencement speech to over 600 graduates, parents, and faculty, at the College of Liberal Arts and Sciences Department of Economics graduation ceremony.  Thayer is a 1988 graduate of the University of Illinois College of Liberal Arts and Sciences and has a Bachelor of Arts Degree in Economics. Thayer also attended DePaul University College of Law and Graduate School of Business and has a joint JD/MBA degree from…
The IRS issued proposed regulations on Opportunity Zones on Friday, October 19, 2018.  The 2017 Tax Cuts and Jobs Act (the “Act”) created Opportunity Zones to spur investment in distressed communities throughout the country by providing tax benefits related to the deferral of capital gains.  Pursuant to the Act, States were permitted to designate certain distressed communities throughout the United States as Opportunity Zones.  By June of 2018, over 8,700 communities in the United States…
On October 8th-10th 2018, Steve Thayer spoke at the ADISA Annual Conference in Las Vegas, Nevada on how family offices invest private capital. The Alternative and Direct Securities Association (ADISA) is the nation’s largest investments association providing networking, education and advocacy for its members. ADISA provides legislative and regulatory advocacy, networking and access to peers, professionals, leaders and regulators, and knowledge through information and education. Annually, ADISA hosts many conferences all over the U.S. providing optimum…
The regulatory framework in the United States (“US”) related to the sale and issuance of cryptocurrencies is a mess. Today, there is no single regulatory body in the US that governs the purchase and sale of cryptocurrencies.  The Securities and Exchange Commission (“SEC”) is relying upon a Supreme Court case from 1946 to say that the issuance and sale of some cryptocurrencies could be securities subject to their regulation. The Commodities Futures Trading Commission (“CFTC”)…
The new Tax Cuts and Jobs Act (the “Act”) created new tax incentives for the ownership and development of property in federally designated Opportunity Zones.  An Opportunity Zone is an economically distressed community that is nominated by a State and certified by the Internal Revenue Service.  What is interesting about the Act is that it allows for the deferral of some, or all, of the gain associated with the sale of a business, real estate,…
Once again Handler Thayer, LLP hosted its annual Handler Thayer Family Office Forum at the University Club in Chicago, Illinois.  This year’s conference was held on Wednesday, June 27, 2018.  The primary purpose of the conference is to educate families offices about how to manage and operate their family offices.  Last year Handler Thayer welcomed over 200 participants including single family offices, multi-family offices, advisers, and business owners. We had another informative conference this year!…
Although everyone would like to make the tax code easier, we just can’t seem to get it done.  In the spirit of trading political favors, also known as compromise, we always seem to end up making the tax code more complicated rather than less.  That being said, there are some significant changes that will soon change our world once they are enacted into law and we need to get our hands around them quickly.  Here…
Leading Chicago venture capital firms gathered on July 27, 2017, to discuss the state of venture capital in Illinois.  Michael W. Frerichs, the Illinois State Treasurer kicked off the conference followed by J.B. Pritzker, of The Pritzker Group, and keynote speaker Steve Case, CEO of Revolution, and founder of America On-line.  Panelists including leading Chicago area Accelerators and early stage venture capital firms.  The Illinois Growth & Innovation Fund (“ILGIF”) makes targeted investments in technology…
Institutional investment managers, including certain persons and entities related to a family office, that exercise investment discretion over $100 million or more in Section 13(f) securities must report their holdings on Form 13F with the Securities and Exchange Commission (SEC). In general, an institutional investment manager is: (1) an entity that invests in, or buys and sells, securities for its own account; or (2) a natural person or an entity that exercises investment discretion over…
On June 21, 2017, Handler Thayer, LLP hosted its 3rd Annual Family Office Private Capital Forum at the University Club in Chicago, Illinois.  Steven J. Thayer, Partner, at Handler Thayer, welcomed over 200 participants including single family offices, multi-family offices, advisers, and entrepreneurs.  The primary purpose of the conference was to educate families offices about how to approach the world of private investments.  Mr. Thayer noted that while there are some 4,500 public companies, there…