Skip to Content

Jonathan Flora is a partner in the Business Services Department and Tax Practice Group. He advises clients on federal and state and local tax issues. His practice includes representing clients in a broad range of industries and transactions, including: mergers and acquisitions; partnerships and joint ventures; private investment funds; real estate; start-ups and emerging companies; and capital markets.

Mr. Flora routinely advises business owners on formation, operating, allocation, and distribution issues, and he frequently advises and counsels tax-exempt entities. He advises individuals on income tax planning and compliance. Mr. Flora’s practice includes representing clients in disputes with the Internal Revenue Service and other taxing authorities. He also provides advice on employee benefits, and he chairs the Employee Benefits Group.

News & Publications


  • New York University, LL.M., 2001
  • University of California, Davis, M.A., 1994
  • University of Maryland School of Law, J.D., Order of the Coif, 1989
  • Towson University, B.S., summa cum laude, 1985

Bar Admissions

  • Pennsylvania
  • California
  • District of Columbia
  • Washington
  • New York

Court Admissions

  • U.S. Tax Court
  • U.S. District Court for the Central District of California
  • U.S. District Court for the Southern District of California

Professional Affiliations

  • M&A Tax Report, Editorial Board Member
  • American Bar Association, Tax and Business Sections
  • Philadelphia Bar Association, Tax Section Member 
  • National Association of Bond Lawyers

Representative Matters

  • Advised a real estate private equity fund on the tax and economic structure for its fund structure, portfolio investments, and participation of foreign investors through blocker entities. Provided tax and allocation provisions for inclusion in the fund’s partnership agreement, and advised foreign investors on specific U.S. income tax concerns involving their investments.
  • Advised a closely held business on restructuring its affiliated group of entities in order to more efficiently allocate profits to founding members and to maximize the efficiency of its pass through entities.
  • Represented a specialty lender, and six newly created affiliates, on the tax aspects of the negotiation and documentation of a $100 million credit facility which enabled the lender to establish and fund a first-of-its-kind asset-based lending program primarily secured by fine art.
  • Provided tax guidance for the $159 million sale of partnership interests in various entities that collectively owned a portfolio of 32 net leased commercial properties. The transaction involved the defeasance of three securitized loans.
  • Represented a developer of mixed use and mixed income green buildings in the closing of a $21 million New Markets Tax Credit loan.
  • Advised on the tax implications of a client’s acquisition of the assets of a California manufacturer of piezoelectric equipment.
  • Represented a real estate investment trust in connection with a $705,000,000 sale of approximately 100 office properties in various U.S. states.
  • Advised an individual on tax issues related to the sale of his royalty interests in a series of patents to a private equity firm for approximately $10,000,000.
  • Represented the largest wholesale insurance agency in New York on the tax aspects of the sale of substantially all their assets to a NYSE-listed company.