Sonia K. Kothari

Senior Counsel

Sonia K. Kothari

Senior Counsel

Sonia K. Kothari is a senior counsel with Foley & Lardner LLP. Sonia is based in the firm’s Washington, D.C. office as a member of the firm’s Taxation Practice. Sonia’s practice focuses the U.S. federal tax aspects of a wide range of business transactions.

  • Tax planning for sponsors and investors in domestic and cross-border private investment funds, including venture capital funds, opportunity zone and other real property funds, credit funds, continuation funds, and hedge funds.
  • Mergers, stock and asset acquisitions and divestitures, tax-free reorganizations, and spinoffs.
  • Real estate transactions, including 1031 like-kind exchanges, tenancy-in-common agreements and joint venture agreements.
  • Structuring for inbound and outbound investments, application of tax treaties, anti-deferral regimes, withholding tax, choice of entity, and information reporting.

Prior to joining Foley, Sonia served as an attorney in the Passthroughs and Special Industries division at the IRS Office of Chief Counsel in Washington, D.C. She is a principal author of the final regulations under Internal Revenue Code Sections 1400Z-2 (opportunity zones) and 1061 (carried interest).

Sonia previously was a tax associate at international law firms in New York, where she advised clients on the U.S. federal income tax treatment of a variety of domestic and cross-border business transactions.

Publications and Presentations

  • Presenter, “Emerging Federal and State Tax Issues for Virtual Assets,” National Association of State Bar Tax Sections 43rd Annual Conference (November 12, 2022).
  • Co-author, “Tax Considerations for Transactions of Non-Fungible Tokens,” 175 Tax Notes 729 (May 3, 2022).
06 May 2024 Innovative Technology Insights

Bipartisan Proposal Would Not Tax Staking Rewards Until Time of Sale

The Providing Tax Clarity for Digital Assets Act would eliminate the mismatch in timing between acquisition of the reward and the receipt by a taxpayer of cash with which to pay the tax on the reward.
02 May 2024 Deals and Wins

Foley Represents Data and AI Consultancy Startup Indicium in $40M Funding Round

Foley & Lardner LLP recently represented Indicium in its $40 million investment from Columbia Capital to accelerate growth in the United States. Originally founded in Brazil, Indicium offers a range of solutions to help large enterprises organize and use their data to scale AI.
22 April 2024 Deals and Wins

Foley Represents AI Pioneer Matterport in Definitive Agreement to be Acquired by CoStar Group

Foley & Lardner LLP is representing Matterport, Inc. in its proposed acquisition by CoStar Group for an estimated equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion.
11 April 2024 Deals and Wins

Foley Represents ARCHIMED in Acquisition of Majority Stake in Innovative Skincare Company Cellese

Foley & Lardner LLP represented global private equity health care specialist ARCHIMED in its acquisition of a majority stake in Cellese, a developer of innovative topical dermo cosmetics sold under the AnteAGE brand name.
08 March 2024 Deals and Wins

Foley Represents Novacap in Strategic Partnership with INdigital

Foley & Lardner LLP served as legal advisor to Novacap, one of North America’s leading private equity firms, in its definitive agreement to acquire Communications Venture Corporation, Inc., doing business as INdigital.
07 February 2024 Deals and Wins

Foley Represents Baker Tilly in Connection With Its Strategic Investment Led by Hellman & Friedman

Foley & Lardner LLP represented Baker Tilly, a leading advisory CPA firm, in connection with its strategic investment from private equity firms Hellman & Friedman and Valeas Capital Partners.