| Practice Description: |
Mr. Anderson, a partner in the firm's corporate business group, concentrates his practice in business and tax planning issues for closely held businesses and their owners, including industrial, service, and professional organizations. A major focus of his practice is business acquisitions and dispositions covering both business succession and purchase and sale of businesses which involves planning buy-sell agreements, related estate planning for owners, implementation of stock redemptions, mergers, dissolutions, multiple classes of stock, reverse stock splits, dissenter's rights, split-offs or spin-offs, asset and stock purchases, and the related purchase financing, consulting and noncompetition arrangements, earn out provisions, and special security arrangements. Terry has been involved in business purchase and sale transactions for parties in Arizona, California, Delaware, Florida, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, Ohio, Tennessee, Texas, and Wisconsin, United Kingdom, and Germany.
In addition, Mr. Anderson has been regularly involved in assisting clients in developing incentive compensation arrangements to retain or attract management. More generally, Mr. Anderson is involved with establishing and maintaining business organizations and governance arrangements for all types of legal entities. In the healthcare area, his experience includes working with physician groups on employment agreements, qualified retirement plans, buy-sell agreements, leases with related entities, practice dispositions, and the related estate and income tax planning. He also has more than 15 years experience representing hospitals, retirement homes, nursing homes, supporting organizations, private foundations, and other exempt organizations dealing with not-for-profit and tax-exempt status issues.
In support of his practice area concentrations, Terry has served as a member of the Illinois Secretary of State Business Corporation Act (BCA) Advisory Committee since 1991, serving as Chairman in 2004 and 2005. The BCA Committee met bi-monthly to review proposed and existing legislation and offered suggestions and recommendations to the Secretary of State on the Business Corporation Act, the Not-for-Profit Corporation Act, the various forms of partnership and limited liability companies.
Mr. Anderson is a Rockford native who joined WilliamsMcCarthy in 1978, becoming a partner in January, 1980.
Hourly Rate: $251-$300
Year of Birth: 1945
Law School: University of Illinois School of Law,J.D., 1976
Law School Honors/Involvement: summa cum laude, Order of the Coif; Rickert Award for Excellence in Scholarship.
Undergraduate School: Rockford College, B.A., economics, 1971
Undergraduate School Honors/Involvement: summa cum laude
Business owners and their closely held industrial, service, agribusiness, professional and retail business entities; private venture capital entities; health care providers, nursing homes, social service agencies, public charities and private foundations.
Central National Bank & Trust Company, 1971-1973
Private law practice, 1976-1978
WilliamsMcCarthy LLP, 1978-present
Bar/Professional Association Involvement:
Illinois Secretary of State Business Organizations Acts Advisory Committee
Member, 1991-present; secretary 1999-2001; vice chairman, 2001-2003; chairman, 2003-present
Illinois Association of Healthcare Attorneys
Board of Directors, 1979-1986; member since 1978
American Bar Association
Illinois State Bar Association
Corporation & Securities Law Section Council
Winnebago County Bar Association
Rockford Rotary Club, member since 1982; president, 1996-1997; board of directors, 1991-present
Formerly, United Way Allocations Committees
Formerly, Keith Country Day School trustee, 1990-1994
Formerly, Golden Apple Foundation, director, 2000-2002
WilliamsMcCarthy LLP was founded in 1934 and is one of Rockford's oldest and largest firms. The firm has 26 attorneys, 22 of whom practice primarily out of the Rockford office and 4 of whom practice primarily out of the firm's Oregon, Illinois office. WilliamsMcCarthy LLP is a full-service law firm, representing businesses and individuals throughout northern Illinois.
Married, two children
Additional Office Locations: Oregon, Illinois
Two-hour on-street or municipal lot parking is usually available. The firm has a validated parking arrangement with a municipal parking deck one block south of the firm's Rockford office which involves clients bringing their parking ticket with them to the office to be stamped by the receptionist resulting in free parking for clients regardless of duration