Marina A. Choundas

Of Counsel

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)


  • Spanish (Fluent)
  • Greek (Conversant)
04 December 2023 Deals and Wins

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.
30 November 2023 Article

Tax Court Rules that “Active” Limited Partners are Subject to Self-Employment Tax

On November 28, 2023, the Tax Court ruled in Soroban Capital Partners, L.P. v. Commissioner that limited partners in a New York hedge fund could be subject to self-employment tax on their distributive share of partnership net income if they are actively involved, notwithstanding the Section 1402(a)(13) “limited partner” exception.
13 October 2023 Deals and Wins

Foley Advises Avante Capital Partners in Strategic Partnership with Pacific Current Group

Foley & Lardner LLP represented Avante Capital Partners, a woman- and minority-owned private credit firm focusing on investments in the lower middle market, in entering a strategic partnership with Pacific Current Group Limited.
31 August 2023 Deals and Wins

Foley Represents Altis Movement Technologies in Sale of Groundbreaking Human Motion Capture Assets

Foley & Lardner LLP represented Altis Movement Technologies in the sale of their groundbreaking human motion capture assets to Academy Medtech Ventures. Altis is a human kinematics AI and computer vision company responsible for the first Movement Operating System, Movement OS.
27 April 2023 Deals and Wins

Foley Represents Torc Robotics in Acquisition of Algolux

Foley & Lardner LLP served as legal adviser to Torc Robotics, a pioneer in commercializing self-driving vehicle technology, in closing a strategic transaction to acquire Algolux Inc., an internationally recognized leader in autonomous vehicle perception technology.
10 February 2023 Blogs

Selling Your Company With Cash in the Bank? U.S. Federal Income Tax Considerations for Structuring Pre-Closing Payments To Target Shareholders

Are you preparing to sell your company with cash in the bank? A common construct for valuation is on a cash-free and debt-free basis, such that seller can recover the cash in a pre-closing purchase price adjustment.