Education
University of Texas School of Law, J.D., 2012
Texas A&M University, M.S., Accounting, 2009
Texas A&M University, B.B.A., cum laude, Accounting, 2009
Honors
Best Lawyers in America: Ones to Watch, 2022-2024
Fellow, Texas Bar Foundation
Texas Super Lawyers: Rising Stars, 2022
Named a "Top Lawyer" (Houstonia Magazine), 2022
2016–2017 Tax Section Leadership Academy, State Bar of Texas
Outstanding Committee Member of the Year (2015–2016), Houston CPA Society
Presidential Scholarship Recipient, University of Texas School of Law
Bar Admissions
Texas
Profile
As a business lawyer and CPA, Michael Overstreet assists businesses, individuals, and families with business transactions and tax planning. Raised in a small business himself, Michael is passionate about helping clients handle the various business and tax issues that come with owning, operating, and transferring a business. Michael works with owners, executives, tax directors, outside accountants and CPAs, and other advisors to design and tailor efficient solutions to corporate and tax problems.
Michael Overstreet has significant experience with matters related to the formation, governance, reorganization, and internal restructuring of limited liability companies, corporations, partnerships, and professional entities. Michael has assisted numerous clients with restructurings and tax-free reorganizations of their entity structure, including those to facilitate a sale or investment, to minimize taxes, for asset protection, and for succession planning. Michael regularly assists family-owned or closely held businesses in designing and implementing business succession plans and with business divorce, deadlock, and separation matters. Michael also develops, negotiates, and implements business acquisitions and dispositions, mergers, conversions, and recapitalizations.
Representative Experience
- Represented numerous clients in restructurings and tax-free reorganizations of their entity structure, including (i) some of the largest architectural and engineering firms in the U.S., (ii) major independent restaurant and hospitality groups, (iii) oil and gas industrial equipment manufacturers and suppliers, (iv) healthcare providers, (v) owners and operators of vehicle dealerships, and (vi) a major national retailer of wireless services, devices, and equipment.
- Represented physicians in restructurings to separate medical practice assets from significant technology assets and other non-practice assets.
- Designed and developed shareholders' agreements and buy-sell agreements for major professional service providers with large numbers of owner-employees.
- Designed and developed business succession plans for numerous high-net-worth individuals and families.
- Served as corporate and tax counsel to estate of deceased owner of commercial services company in matters related to post-death ownership, governance, and sale of company.
- Represented and served as lead counsel to buyer in acquisition of business that provides electrical services to residential homebuilders and contractors.
- Represented civil engineering firm that designed offshore oil and gas platforms in sale to multinational corporation.
- Represented owner and operator of fitness gyms in pre-sale restructuring and sale to private equity firm.
- Represented regional accounting firm in acquisition of other accounting firms through acquisitive Type C reorganization.
- Represented numerous professional service providers (including medical practices, architecture and engineering firms, accounting firms, law firms, and wealth management firms) in establishing tax-efficient entity structures and with matters related to new employees and investors and general business matters.
- Served as corporate and tax counsel to wealthy individuals and families in structuring and implementing family limited partnerships and legacy plans for valuable family-owned properties and assets.
- Served as corporate and tax counsel to numerous clients in business divorce transactions.
- Served as corporate and tax counsel to numerous clients in sales of company ownership interests from founders to key employees.
- Designed and implemented restricted stock plan for multidisciplinary design, architecture, and engineering firm.
Speaking Engagements
- Tax Planning in a Down-Cycle Economy, Chamberlain Hrdlicka's 43rd Annual Tax and Business Planning Seminar, November 11, 2020
- 2018 Tax Return Preparation Issues – Understanding How the 2017 Tax Cuts and Jobs Act Affects 2018 Returns, Chamberlain Hrdlicka's February 2019 Tax Forum
- Finding Your Way Out of the Labyrinth of Section 199A, Chamberlain Hrdlicka's 41st Annual Tax and Business Planning Seminar, October 30, 2018
- Tax & Legal Implications of Changing Business Entity Type, 2018 CPE by the Sea, Texas Society of CPAs, June 13, 2018
- Understanding the New Deduction for Pass-Through Business Income and Other Selected Topics, Chamberlain Hrdlicka's February 2018 Tax Forum
- Main Panel, 2018 West Houston Economic Development Summit, Houston West Chamber of Commerce, February 2, 2018
- 2017 Tax Reform, Chamberlain Hrdlicka's 40th Annual Tax and Business Planning Seminar, November 16, 2017
- 2016 Tax Return Preparation Issues, Chamberlain Hrdlicka's February 2017 Tax Forum
Professional Affiliations
- State Bar of Texas, Tax Section
- Houston Bar Association, Tax Section
- American Bar Association, Tax Section
- Texas Society of CPAs
- Houston CPA Society
News
News
- 22nd Annual M&A Advisor Awards Names three transactions led by Habeeb (Hobbs) Gnaim as Finalists in Seven CategoriesSeptember 7, 2023
- Best Lawyers in America® recognizes 87 Chamberlain Hrdlicka attorneys in a peer selection process for the 2024 edition of Best Lawyers in AmericaAugust 17, 2023
- Team led by Habeeb (Hobbs) Gnaim represented Landmark Industries in its sale to Spring Partners Retail LLCJuly 11, 2023
- Client Deal led by Habeeb ‘Hobbs’ Gnaim Wins ACG Houston Deal of the Year Award in Industrial Services – Corporate Strategic Acquisition CategoryApril 26, 2023
- Client Deal led by Habeeb ‘Hobbs’ Gnaim among the finalists for the ACG Sixth Annual Deal of the Year AwardsApril 17, 2023
- Patrick Martin named Sustaining Life Fellow, and Hobbs Gnaim, Julie Offerman and Brittney Williams named Life FellowsMarch 20, 2023
- Deal led by Habeeb (Hobbs) Gnaim featured in Attorney at Law MagazineFebruary 21, 2023
- Article published in the Daily Report highlighted Firm's recent elevationsDaily Report, February 20, 2023
- Attorneys in the Chamberlain Hrdlicka Atlanta, Houston and San Antonio offices elevated to Equity Shareholder and ShareholderFebruary 8, 2023
- Article published in Law360 Pulse highlighted Firm's recent shareholder elevationsLaw360 Pulse, February 8, 2023
- Team led by Habeeb (Hobbs) Gnaim represented Company of Merchants in its acquisition of C&D Scrap MetalFebruary 7, 2023
- Houstonia names 30 Chamberlain Hrdlicka attorneys as 2022 Top LawyersNovember 30, 2022
- 2022 Texas Super Lawyers includes Chamberlain Hrdlicka AttorneysSeptember 21, 2022
- Best Lawyers in America® recognizes 72 Chamberlain Hrdlicka attorneys in a peer selection process for the 2023 edition of Best Lawyers in AmericaAugust 18, 2022
- Hobbs Gnaim led the Chamberlain Hrdlicka Team that represented Landmark IndustriesJuly 20, 2022
- Stuart Clements, Tres Gibbs, Jarrod Martin, Michael Overstreet, Kelly Shields, Matt Flores, and Leo Unzeitig named Texas Rising StarsMarch 22, 2022
- Habeeb "Hobbs" Gnaim and Michael Overstreet represented Gringo's Mexican Kitchen in AcquisitionsOctober 20, 2021
- Best Lawyers in America® selects 54 Chamberlain Hrdlicka Attorneys for Recognition for 2022August 19, 2021
- Virtual This Year! Chamberlain Hrdlicka Virtual Annual Tax and Business Planning Seminar is November 10-12, 2020November 10, 2020
- Chamberlain Hrdlicka Tax Alert - Paycheck Protection Program (PPP) Loan Forgiveness Tax IssuesMay 21, 2020
- Chamberlain Tax Planning Update - Tax Relief From The COVID-19 Pandemic - April 8, 2020April 8, 2020
- Chamberlain Tax Planning Update - Tax Relief From The COVID-19 PandemicMarch 31, 2020
- October 12, 2018
Presentations
Seminars & Presentations
- Chamberlain Hrdlicka Forum Series: Tax Return Preparation Issues for the 2023 Filing Season at Club GiraudClub Giraud, 707 N. Saint Marys St. San Antonio, Texas 78205, March 22, 2023
- Chamberlain Hrdlicka Forum Series: Tax Return Preparation Issues for the 2023 Filing Season at The Houstonian HotelThe Houstonian Hotel, 111 N Post Oak Ln. Houston, Texas 77024, February 15, 2023
- The Houstonian on October 27, 2022
- November 10, 2020
- Chamberlain Hrdlicka February 2019 West Houston Tax Forum - Marriott WestchaseHouston Marriott Westchase, 2900 Briarpark Dr., Houston, TX 77042, February 26, 2019
- Chamberlain Hrdlicka February 2019 West Loop Tax Forum - HoustonianHoustonian Hotel - 111 North Post Oak Lane, February 21, 2019
- Houston Marriott Westchase, October 30, 2018
- Understanding the New Deduction for Pass-Through Business Income and Other Selected Topics, Chamberlain Hrdlicka’s February 2018 Tax Forum
- Main Panel, 2018 West Houston Economic Development Summit, Houston West Chamber of Commerce, February 2, 2018
- 2017 Tax Reform – What do we get, and when? Or something else?, Chamberlain Hrdlicka’s 40th Annual Tax and Business Planning Seminar, November 16, 2017
- 2016 Tax Return Preparation Issues, Chamberlain Hrdlicka's February 2017 Tax Forum
- International Tax Update, presented to the Houston CPA Society International Tax Study Group, February 17, 2016
Publications
Publications
- Michael Overstreet and Tim Dean article on “Proposed Cure for Section 704(b) May Be Worse Than the Disease”Bloomberg Tax, April 22, 2022
- Article by Michael Overstreet on “Tax Filing Season Renders Anxiety For Businesses”Bloomberg Tax, May 21, 2021