William O. "Bill" Brown Jr.

Of Counsel

Jackson
T: 601.969.4640
F: 601.351.2424

As a member of the Tax Group, Bill Brown advises high net worth individuals and closely held businesses and their owners.

Professional Biography

Mr. Brown represents closely held businesses and business owners in business formation, organization, capital formation, financing, mergers and acquisitions, state and federal tax planning and tax controversies, various business transactions and business succession and estate planning.

Mr. Brown is a Fellow in The American College of Trust and Estate Counsel (ACTEC), a national organization of lawyers elected to membership by demonstrating the highest level of integrity, commitment to the profession, competence, and experience in trust and estate practice.

Mr. Brown has also attained the professional designation of certified public accountant (CPA)* and is a CFP Board Emeritus member. Prior to his career in law, he was an accountant with an international CPA firm, he served as the head of the tax department of a regional CPA firm, worked with entrepreneurs and venture capitalists engaged in manufacturing, cellular communications and broadcasting, and was a professor in the Adkerson School of Accountancy at Mississippi State University.

Structured bond financing and state tax incentives, and negotiated and secured agreements for fee in lieu of ad valorem taxes for two $200 million natural gas storage facilities.
Structured and negotiated tax-exempt GO Zone bond financing for real estate projects.
Represented oil & gas service business in refinancing its debt and issuing stock and subordinated debt to new investors in connection with the redemption of a co-founder.
Advised closely-held software business on raising capital for redemption of a co-founder and business expansion.
Advised closely-held Subchapter S corporation and founders on succession planning using grantor retained annuity trust.
On behalf of the Mississippi Department of Insurance, evaluated proposed acquisition of insurance company by private equity firm.
Provided guidance to bank trust departments on the application of the generation-skipping transfer (GST) tax to trusts under administration.
Represented shareholders in sale of stock in Subchapter S corporations to employee stock ownership plan (ESOP) for $75 million.
Represented owners of health care business in sale of companies to a publicly held company for $135 million, including tax advice in conjunction with a Section 338(h)(l0) election.
Provided litigation support in connection with the representation of the Mississippi Attorney General in multi-state litigation concerning a private foundation.

Listed in The Best Lawyers in America^® for Tax Law and Trusts and Estates (2020 – 2024)
Fellow – American College of Estate and Trust Counsel (ACTEC)
Member of Mississippi Secretary of State Study Committees
- Probate Study Committee
- Trust Law Study Committee (Co-Chair Uniform Trust Code)
- Limited Liability Company Law Study Committee
- Corporation Law Study Committee
Member – Mississippi Bar Association
- Chair – Estates & Trust Section (2016 – 2017)
- Member – Business Law Section
Member – American Bar Association (Tax Section)
Member – Estate Planning Council of Mississippi
Member – American Institute of Certified Public Accountants
Member – Mississippi Society of Certified Public Accountants
Member – Financial Planning Association of Mississippi
President – Rotary Club, Columbus, Mississippi
President – Chamber of Commerce, Columbus, Mississippi
Board Emeritus Member – Certified Financial Planner Board of Standards, Inc.
Member – Mississippi State University School of Accountancy, Advisory Council
President Local Chapter – Mississippi State University Alumni Association, Columbus, Mississippi
President – Columbus Arts Council
Certified public accountant*
Honorable Mention – Mississippi Society of Certified Public Accountants for passing the CPA exam on first sitting
AmJur Award for Will & Trust Drafting – University of Mississippi Law School

"The Mississippi Uniform Trust Code, The Need for Trust Reform in Mississippi," The Mississippi Lawyer
"Wealth Preservation Through Asset Protection Planning," Planning Comments
"Business Succession: The Greatest Challenge a Business Will Face," Mississippi Manufacturers Association Newsletter
"GO Zone Tax-Exempt Private Activity Bonds," Planning Alert
"Living Wills: Advance Health Care Directives," Planning Alert
"Estate Tax Dilemma," Planning Alert
"Economic and Financial Turmoil Creates Tax Planning Opportunities," Planning Alert

Presenter – "Fiduciary Income Tax Provisions of the Tax Cuts and Jobs Act of 2017," Mississippi Bankers' Association Trust Conference (November 2018)
Presenter – "Post Mortem Planning," Mississippi College School of Law
Presenter – "Estate and Gift Tax Seminar," Jackson and Oxford Mississippi
Presenter – "Estate, Gift and GST Update," University of Southern Mississippi
Presenter – "Administering Estates & Trusts Under Mississippi's New Uniform Principal and Income Act," Mississippi Bar, Estate and Trust Section
Presenter – "Uniform Trust Code Legislation," Mississippi Bar, Estate and Trust Section
Presenter – "The Impact of the Net Investment Income Tax on Trusts and Estates," Mississippi Bar, Estate and Trust Section
Presenter – "Modification and Termination of Trusts Under the Mississippi Uniform Trust Code," Mississippi Judicial Conference

Baker Donelson Represents Kx Advisors in Acquisition by BGB Group (September 15, 2023)
Baker Donelson Attorneys Recognized in The Best Lawyers in America^® 2024 Listing (August 17, 2023)
Baker Donelson Attorneys Earn Recognition in The Best Lawyers in America® 2023 Listing (August 18, 2022)
Baker Donelson Attorneys Earn Recognition in The Best Lawyers in America® 2022 Listing (August 19, 2021)
Baker Donelson Top-Listed in the Nation in Six Practice Areas in The Best Lawyers in America^® 2021 Listing (August 20, 2020)

*Baker Donelson is not a CPA firm

Practices

Industries

Education

University of Denver, LL.M. in Taxation
University of Mississippi, J.D.
Mississippi State University, B.S., Accounting

Admissions

Mississippi State and Federal Courts
United States Court of Appeals for the Fifth Circuit

Featured Media

Baker Donelson Represents Kx Advisors in Acquisition by BGB Group

Press Release / September 15, 2023

Baker Donelson Attorneys Recognized in The Best Lawyers in America^® 2024 Listing

Press Release / August 17, 2023

Baker Donelson Attorneys Earn Recognition in The Best Lawyers in America® 2023 Listing

Press Release / August 18, 2022

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