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Barry A. Gersick 
Partner

p 612.672.8384
f612.642.8384
barry.gersick@maslon.com

3300 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402

Barry Gersick is a partner practicing in areas of taxation, business matters, and estate planning. He has represented privately held businesses and their owners in various tax matters, including tax planning, contested tax matters, estate planning, and estate and gift taxation. Barry has assisted owners of businesses in numerous acquisitions and divestitures.

Areas of Practice
  • Business & Securities
  • Business Counseling
  • Closely Held Businesses
  • Growth Businesses
  • Commercial Loan Documentation
  • Independent Director Services
  • Management and Leveraged Buyouts
  • Mergers & Acquisitions
  • Tax
  • Trademark and Brand Management
  • Estate Planning
  • Wills & Trusts
  • Probate and Trust Administration
  • Estate and Gift Tax Planning
  • Estate and Gift Tax Controversies
  • Business Succession Planning
  • Asset Protection Planning
  • Antenuptial and Postnuptial Agreements
Education
  • University of Minnesota Law School, Minneapolis, Minnesota, 1971
    J.D.
  • Washington University, St. Louis, Missouri, 1967
    B.A., B.S.
    Honors:  With honors
Bar Admissions
  • Minnesota, 1971
  • U.S. District Court District of Minnesota, 1971
  • U.S. Court of Appeals 8th Circuit, 1971
  • U.S. Tax Court, 1971
Professional Associations and Memberships
  • American Bar Association - Member; Tax and Business Law Sections, Member; Business Law Section, Member
  • Minnesota State Bar Association - Member; Business Law Section, Member; Subcommittee on Limited Liability Companies and Partnerships, Member; Tax Counsel, Member
  • Ramsey County Bar Association - Member
  • Stages Theater Company - Board Member
  • Temple of Aaron, St. Paul - Finance Committee, Chairman; Board, Member; Executive Committee, Member
Classes Taught
  • Barry has written papers for and delivered presentations at numerous Minnesota CLE courses dealing with taxation, business entity selection, mergers and acquisitions, and estate and gift matters.
Honors and Awards
  • Recognized on Minnesota Super Lawyers® list, 2003 (Minnesota Super Lawyers® is a designation given to only 5 percent of Minnesota attorneys each year.)
  • AV Rating, Martindale-Hubbell (AV, BV, and CV are registered certification marks of Reed Elsevier Properties, Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies)

Experience

  • Represented Jacobs Trading in the sale of its salvage and liquidation business to Liquidity Services, Inc., a publicly traded leading provider of online marketplaces and integrated services, in a transaction yielding cash, stock, a promissory note and performance-based consideration proceeds of $170 million.
  • Negotiated and drafted merger and acquisition documents for private transactions with values up to $150 million. 
  • Represented New York Stock Exchange Companies in connection with the acquisition and disposition of subsidiaries. 
  • With respect to tax matters, has represented individuals, partnerships, trusts, and limited liability companies in contested tax disputes involving income tax, gift tax, estate tax, and sales tax. The tax disputes have involved matters with proposed adjustments of up to $25 million. 
  • Has been involved in estate planning for clients with estates of up to $60 million. 
  • Has handled contested probate and trust matters with values of assets at issue of $10 million to $15 million.
  • Provided general counsel services for various private corporations with annual sales up to $500 million.
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Maslon Edelman Borman & Brand, LLP  | 3300 Wells Fargo Center | 90 South Seventh Street | Minneapolis, MN 55402-4140 | p 612.672.8200