Louis N. (Buddy) Lee

Louis N. (Buddy) Lee

Member

1601 Elm Street, Suite 4600
Dallas, Texas 75201
T: (214) 954-4135
F: (214) 953-1332

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Buddy's practice is focused in the area of commercial transactions with a special emphasis on start-ups and small to medium-sized businesses and the interests of their closely held ownership.  

His practice addresses such diverse areas as tax and business planning, structuring ventures, investment funds, partnerships and business alliances, business formations, business governance issues and formalities, financing, private equity funding, private placement memorandums, employment, contracts, office and equipment leases, divestments, acquisitions, mergers, liquidations, consolidations, tax-free reorganizations, conversions, tax equity partnerships, limited liability companies and joint ventures and the demands of the owners themselves in such areas as succession planning, shareholder agreements, buy-sell agreements, deferred compensation, estate planning and asset preservation. 

This diverse practice includes the acquisition, financing and sale of real estate, including Section 1031 exchanges and the use of tenancy-in-common structures, involving multi-family residences, storage facilities, shopping centers and commercial buildings.

Buddy's style of practice is based on developing a personal relationship with his clients.  To be successful in achieving that relationship, the development of a bond of trust must ensue between Buddy and his clients.  That trust is developed by the adherence by Buddy to the following guidelines in his relationship with his clients:

  • Achievement of the client's goals
  • Constant and honest communication with the client
  • Not only hearing the client but listening to what is being said
  • Staying on task to achieve the client's goals
  • Offering counsel based on good legal and sound business judgment
  • Efficiency of effort
  • Adaptability to changing facts or discovery of facts

By approaching the task and the relationship with the client as a collaborative effort and recognizing both intellectually and in practice that it is the client's money that is funding the project, then both the expectations and the finances of the client should be in alignment with the reasonableness of effort and the likelihood of success.

Before joining Looper Reed & McGraw, Buddy was a founding shareholder and Managing Director of another Dallas law firm for more than ten years.  That was a hands-on experience of managing and operating a small business that has given Buddy a greater appreciation for the processing of the many factors that must be considered in making the decisions that not only impact the bottom line to the business but directly affect the people who make up the business.  Prior to that experience, Buddy practiced law for several years with a number of different law firms of varying sizes in Dallas, for ten years as tax counsel with a Fortune 100 international energy company and for four years with the Chief Counsel's Office to the IRS in Washington, D.C.

Area of Practice
Representative Experience
  • Multiple purchases and sales of multi-family apartment complex in the Dallas-Fort Worth market.
  • Multiple purchases of shopping centers in the Austin and the Dallas markets.
  • Purchase of multi-unit storage complex in San Antonio.
  • Purchase of private student residential community in San Marcos.
  • Formation of acquiring entity and the purchase of majority interest in mobile storage business
  • Like-kind exchange of real estate interests through tenants-in-common structure.
  • Formation of single-asset REIT.
  • Formation of real estate investment funds.
  • Preparation of private placement memorandums for various investment opportunities.
  • Purchase of oil and gas operating assets.
  • Restructure of affiliated entities owned by common shareholders.
  • Multiple formations of corporations, S Corporations limited liability companies, joint ventures, limited partnerships, family limited partnerships and their governing documents including buy-sell provisions or agreements, shareholder agreements, operating agreements, participation agreements, employment contracts, profit sharing agreements and other similar documents.
  • Divestment of closely-held technology company.
  • Negotiation of technology licensing and distribution agreements.
  • Multiple negotiations and consummation of acquisition and operating credit and loan facilities.
  • Negotiation and preparation of numerous business contracts for professional services, joint ventures, promotional products, marketing services and the like.
  • Asset purchase of office furniture business.
  • Work-out and restructuring of business debt.
  • Prosecution of trade names and service marks.
  • Purchase and sale of temporary staffing business.
  • Conversions of entities from one classification to another.
  • Tax free reorganizations.
Professional Activities, Memberships & Affiliations
  • State Bar of Missouri.
  • State Bar of Texas.
  • Dallas Bar Association.
  • U.S. District Court (Northern District of Texas).
  • U.S. Tax Court;
  • U. S. Court of Federal Claims.
  • U.S. District Court,(Western District of Missouri).
  • U. S. Supreme Court.
Education
  • 1969 - B.A., University of Colorado, Boulder
  • 1972 - J.D., University of Missouri-Columbia
  • 1973 - L.L.M., Southern Methodist University
Looper Reed and McGraw Attorneys