Overview

Ted Goldstock is a business and litigation attorney who counsels owners and executives of closely held businesses on successfully starting, running, and selling their companies while minimizing risk.

He also advises family-owned businesses and others on succession planning and governance and assists in resolving disputes among business owners.

Ted’s experience as the former COO and general counsel for a mid-sized family business means he looks at legal issues in the context of how they affect a company’s bottom line. Clients appreciate his sensible approach to solving problems. Leaders of family-owned businesses, health care providers, entrepreneurs looking to sell their businesses, and nonprofits rely on him as general counsel and for commercial transactions, mergers and acquisitions, business formations, succession planning, operating agreements, shareholder agreements, leasing, intellectual property licensing, and general corporate law.

Ted also resolves business disputes, including business divorces and other conflicts among shareholders and limited liability company members. He litigates for his clients in the courts and in administrative proceedings and appeals. In addition, he has substantial experience representing business clients in arbitration proceedings.

Ted also helps nonprofit organizations with all aspects of business transactions, including mergers between nonprofits, joint ventures and corporate governance, as well as obtaining exemptions from income taxes and other state and local taxes.

Ted is an avid collector of antiques and decorative art, and holds a certificate in Antique and Decorative Art Connoisseurship from The George Washington University. In addition, he is an avid trap, skeet, and sporting clays competitor, épée fencer, a gourmet chef, a student of the banjo and fan of bluegrass music.

Honors and awards

• Listed in Best Lawyers in America, Commercial Transactions/UCC Law (2022-present)

Community involvement

• The Strathmore Hall Foundation, Inc. (Board of Directors, 2020-present; Treasurer, 2022-2024; Vice Chairman of the Board 2024-present)
• Imagination Stage (Pro Bono Business Counsel, 2014-present)
• Greater Silver Spring Chamber of Commerce (General Counsel, 2009-present and former Board of Directors, 2009-2012)
• Bethesda Arts and Entertainment District, Inc. (General Counsel to the Board of Directors 2009-2017)
• Temple Shalom (General Counsel, 2013-2016)
• Green Acres School (General Counsel to the Board of Directors, 2009-2014)

Professional memberships

• Maryland State Bar Association
• District of Columbia Bar Association

Representative Matters

• Represented owners in sale of closely held business to public company including negotiation of membership interest purchase agreement, real estate lease, and employment and consulting agreements.
• Represented owner of a closely held business in action against other shareholders for breach of fiduciary duties and misappropriation of corporate assets.
• Represented owner of medical practice in sale of practice to group of employee physicians.
• Developed and implemented a corporate reorganization plan for a large group of affiliated nonprofit organizations.
• Represented managing member of successful restaurant chain in organizing a company to operate a new venture, and drafted and negotiated the operating agreement with the company’s investors.
• Represented 50% shareholder in a professional corporation in dispute with the other shareholder, resulting in a successful business divorce.
• Represented various owners of Minority Business Enterprises in sales of their companies to other qualified owners, a group of employees, and a large government contractor.
• Helped several clients set up private foundations to operate college scholarship funds for the children of their employees.
• Represented a nonprofit organization in litigation in the U.S. District Court with former contractor that misappropriated the organization’s business assets. Obtained order for constructive trust over contractor’s business assets and their eventual recovery for the client.
• Obtained a judgment against a defendant for unpaid wages and breach of contract totaling more than a million dollars.
• Obtained an arbitration award in favor of subcontractor against government contractor for breach of contract including employee non-solicitation covenants.
• Drafted various intellectual property licensing agreements for major arts organization and national news outlet.

Disclaimer: Each case is different and past results do not guarantee similar results in future matters.