Meegan B. Colclough

Meegan Colclough practices in the area of business law with an emphasis in taxation matters. Ms. Colclough advises clients in the areas of corporate law and taxation, Employee Stock Ownership Plans (“ESOPs”) and other qualified retirement plans, estate and business succession planning, and tax controversy matters with the IRS, state and municipal agencies.

Ms. Colclough was with Lyons, Pipes & Cook, (LPC) in Mobile before the firm joined Phelps Dunbar.

Experience

  • Representation of individuals in estate planning and probate matters.
  • Provide counsel for various aspects of implementation of leveraged ESOP as method for business succession planning for corporation valued in excess of $16 million.
  • Representation of businesses in preparation of employment agreements, leases and sale/purchase agreements.
  • Representation of non-profit entities in formation.
  • Representation of regional corporation in settlement of municipal tax dispute involving sales, use and rental taxes.
  • Representation of landlord in compliance with landlord/tenant laws.
  • Representation of company in IRS controversy involving approximately $12 million assessment. Assisted with settlement of case with IRS resulting in 75% reduction and received Congressional Joint Committee approval.
  • Provide advice about controlled groups and affiliated service groups in the context of qualified retirement plans.
  • Representation of individual in submission to Offshore Voluntary Disclosure Program involving assets in excess of $20 million held in foreign accounts.

Insights

Speaking Engagements

Memberships & Affiliations

  • Mobile Bar Association (Chair of the Lawyer Mentoring Committee, 2015; Treasurer, 2013; Assistant Treasurer, 2012)
  • South Alabama Volunteer Lawyers Program (Full Board Member)
  • Alabama State Bar, Pro Bono Celebration Task Force (2010-2011)
  • Estate Planning Council of Mobile, Inc.

Recognition

  • Volunteer Mobile, Inc. Heart of Gold Award for Civic Betterment (2008)
  • G. Marie Daniels Leadership Award (2007)