David L. Hefflinger

“An ounce of business counseling on the front end can avoid more than a pound of regulatory problems on the back end.”

Dave’s practice is concentrated in the areas of securities, corporate and tax. He has more than thirty years of experience in business and tax planning, including the structure and operations of business entities, public and private business financing and succession planning. Dave has served as securities counsel for initial public offerings and represented public companies in equity and debt offerings, merger transactions and SEC reporting and disclosure. Dave counsels medium-sized and large corporations with respect to planning, corporate governance and regulatory compliance. Dave has substantial experience in corporate boardrooms advising the board of directors of private and public companies on matters ranging from reporting/disclosure to governance to executive compensation.

Case Studies / Success Story:

Dave has counseled multiple clients on the road from startup to IPO to successful public company.  Dave recently represented sellers of several family-owned businesses with sales prices in excess of $100 million, several public companies in equity and debt sales exceeding $100 million, and multiple companies in board level regulatory compliance matters.

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Professional Background

Nebraska, 1972

U.S. Tax Court, 1976

U.S. Court of Appeals, Eighth Circuit, 1974


Creighton University School of Law J.D., Summa Cum Laude, 1972

Creighton University B.A., Cum Laude, 1969


Author, “Alternatives to Federal and State Registration of Securities,” Nebraska CLE

Author, “Regulatory Pitfalls in Acquiring, Selling or Expanding a Business,” Nebraska CLE

Past Member, Nebraska State Bar Association House of Delegates

Past President, Nebraska Continuing Legal Education

Past President, Great Plains Federal Tax Institute

President, McGrath North, 1996 – 2010

Fellow, American College of Tax Counsel

Fellow, American College of Trust and Estate Counsel

Fellow, Nebraska State Bar Foundation

Listed: “Best Lawyers in America”, Business Organizations (including LLCs and Partnerships), Closely Held Companies and Family Businesses Law, Corporate Governance Law, Corporate Law, Mergers and Acquisitions Law, Non-Profit / Charities Law, Securities / Capital Markets Law, Securities Regulation, Tax Law, Trusts and Estates, Venture Capital Law

“Best Lawyers in America” Omaha Lawyer of the Year, Corporate Law, 2009, 2014

“Best Lawyers in America” Omaha Lawyer of the Year, Trusts and Estates, 2010

“Best Lawyers in America” Omaha Lawyer of the Year, Tax Law, 2013

Listed:  Chambers USA, America’s Leading Lawyers for Business   (Nebraska, Corporate/Commercial – Band 1)

Listed: Great Plains Super Lawyers (Securities & Corporate Finance, Business/Corporate, Tax) 2007-2020

Listed: Martindale Hubbell, AV/Preeminent Rating

Professional Organizations

Omaha Bar Association

Nebraska State Bar Association

American Bar Association

Committee on Federal Regulation of Securities, American Bar Association