
Marina A. Choundas
Of Counsel
Marina Choundas is a tax and business law attorney. She advises a wide range of clients on corporate and partnership tax issues, general business law, fund formation, private equity offerings, investment funds management, real estate investment trusts (REITs), joint ventures, and mergers and acquisitions.
Marina provides practical, business-oriented tax solutions to clients ranging from large, multinational corporations to start-up companies in the technology, health care, real estate, manufacturing, distribution, and retail industries. She has extensive experience with structuring transactions, advising on the tax aspects of public and private offerings, and crafting equity incentive compensation grants.
Community Involvement
- Board of directors (and past board chair), Seniors in Service of Tampa Bay, Inc.
- Recognized twice by the Bay Area Volunteer Lawyers Program’s Thirteenth Judicial Circuit Pro Bono Committee for her substantial pro bono legal work (2013 and 2019).
- Completed Harvard Business School’s Executive Education “Governance for Nonprofit Excellence” program (2017).
Publications and Presentations
- “Key Provisions of M&A Agreements,” Association of Corporate Counsel West Central Florida Chapter’s Corporate Law Symposium, Tampa, Florida
- “Savvy Tax Strategies,” Women Presidents’ Organization conference, Chicago, Illinois
- “SEC Executive Compensation Disclosure Rules,” Edison Electric Institute conference, Naples, Florida
- “Limited Liability Company Update in Florida,” National Business Institute seminar in Tampa, Florida
- “Summer Vocation: Insights from Foley’s Diverse Attorneys,” moderator, Columbia Law School Diversity Panel in New York, New York
- “Highlights of the Emergency Economic Stabilization Act of 2008,” Tax Section of the Hillsborough County Bar Association
- Numerous presentations on corporate tax developments as member of the Tax Council of Tampa Bay
- “Significant Tax Provisions in the ‘Bailout’ Bill of 2008,” Lawyer Magazine (The Hillsborough County Bar Association) and Noticias Newsletter (The Hispanic National Bar Association)
Languages
- Spanish (Fluent)
- Greek (Conversant)
Foley Advises Tidemark in Growth Equity Investment in Onfly
Foley & Lardner LLP represented Tidemark in its growth equity investment in Onfly, a Brazilian travel technology company providing an end-to-end corporate travel and expense management software platform.
Foley Represents cQuant.io in Acquisition by Zema Global
Foley & Lardner LLP represented cQuant.io, an industry leader in analytic solutions for energy and commodity companies, in its acquisition by Zema Global, a leading provider of data management and analytics solutions for companies in the energy, commodities, and financial sectors.
Foley Advises Tidemark in Growth Equity Investment in AgVend
Foley & Lardner LLP represented Tidemark in its growth equity investment in AgVend, a digital engagement platform for agricultural retailers.

Tax Court Reaffirms Soroban Holding that “Active” Limited Partners are Subject to Self-Employment Tax
On December 23, 2024, the Tax Court ruled in Denham Capital Management LP v. Commissioner (T.C. Memo. 2024-114), that limited partners that actively participated in the activities of a fund manager formed as a state law limited partnership were subject to self-employment tax on all of their distributive share of income from the partnership.
Foley Advises 3MG Solutions in Investment from Bayview Asset Management
Foley & Lardner LLP served as legal advisor to 3MG Solutions, a provider of residential and commercial roofing services across Florida, in its investment from Bayview Asset Management.
Foley Advises Devolver Digital in Acquisition of System Era Softworks
Foley & Lardner LLP served as legal adviser to Devolver Digital Inc. in its acquisition of System Era Softworks Inc.