Troy Christensen is an associate in the Real Estate Practice Group at Haynes and Boone, LLP. His practice includes state and federal taxation, partnership and limited liability company formation, and estate planning.
Troy has represented clients in:
- The formation, operation, and liquidation of business entities, including partnerships, limited liability companies, and corporations;
- Federal income tax and state franchise tax matters; and
- Structuring and drafting documentation for real estate-related transactions.
- "Federal Taxation of Series Limited Liability Companies," co-author with Kimberly Szarzynski, The Texas Tax Lawyer, State Bar of Texas Tax Section, Vol. 38, No. 2, Winter 2011.
- "IRS Guidance on Series Limited Liability Companies," co-author with Kimberly Szarzynski, Headnotes, Dallas Bar Association, Vol. 36, No. 1, January 2011.
- Co-contributor to chapter on Cleantech Financing in legal treatise Energy Law and Transactions, 2009.
Selected Representative Experience
$100 Million Senior Secured Credit Facility and $60 Million Equity Investment - Eagle Ford Shale
Represented the administrative agent and investor in joint debt and equity facilities to finance the acquisition and development of oil and gas properties located in the Eagle Ford Shale Play. The debt facility involved a $100 million advancing line credit facility secured by all of the borrower’s assets, including the oil and gas properties. The lenders under the debt facility additionally received a convertible royalty interest, consisting of an overriding royalty interest that converts into a net profits interest, in the oil and gas properties. The equity facility involved the formation of a limited partnership to own and operate the properties and an initial capital investment of $30 million.
Acquisition of Industrial Buildings in Southern California
Acquisition of industrial buildings located in Southern California and formation of investment partnerships with CTRI.
02/28/2011 - Federal Taxation of Series Limited Liability Companies
This article includes a brief description of series LLCs generally and the Proposed Regulations.
01/01/2011 - IRS Guidance on Series Limited Liability Companies
Series limited liability companies (LLCs) have been around since the state of Delaware created them by statute in 1996. Although various states (including Texas as of the last legislative session) have followed Delaware in providing for series LLCs, other than a Private Letter Ruling issued by the Internal Revenue Service in 2008, the IRS has never issued any formal guidance on the federal tax treatment of series LLCs.
11/10/2010 - (Almost) Year-End Tax Alert
In response to the current state of the economy, Congress has passed some tax legislation amending the Internal Revenue Code (the “Code”). Although it is up for debate, some would say that Congress has not been busy enough. As we near the end of the year, many taxpayers and their advisers are going through their usual year-end tax planning checklist. This year, planning may be greatly impacted both by recent legislation and by items that Congress has not yet addressed, including, among others, the extension (or lapse) of the “Bush tax cuts.”
12/01/2009 - Revisiting Choice of Entity: Three New Considerations
Many of us are familiar with the usual considerations when helping clients choose a form of entity for their business. This article outlines three newer considerations to add to the list.Reproduced with permission from
Headnotes, a publication of the Dallas Bar Association, December 2009, Vol. 33, No. 12.
04/08/2009 - The Other End of the Firehose: The Treasury Giveth and the IRS Taketh Away
Presented as part of "Tax Issues in Large Case Chapter 11 Bankruptcies," ABA, April 8, 2009.