Karl P. Fryzel: Lawyer with Edwards Wildman Palmer LLP

Karl P. Fryzel

Boston,  MA  U.S.A.

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Practice Areas

  • Benefits & Compensation
  • Business Law
  • Private Equity
  • Venture Capital
  • Cross Border
  • Tax
  • Tax Credits & Syndication
  • Start-up Companies
  • Technology
  • Media & Telecommunications
  • Energy & Cleantech
  • Healthcare
  • Tax-Exempt Organizations
  • Communications
  • Cable
  • Broadcasting
  • Telecommunications
  • Wireless & Satellite
University Boston College, A.B., summa cum laude, 1973
Law SchoolGeorgetown University Law Center, J.D., 1976
AdmittedMassachusetts; U.S. Court of Appeals, First Circuit; U.S. Tax Court


American Bar Association - Tax Section
Boston Bar Association - Tax Section
Boston Tax Forum

BornAcushnet, Massachusetts, May 26, 1951

Karl is a member of the Tax, Benefits & Compensation Department and the Private Equity & Venture Capital Group. His practice includes all aspects of tax planning for corporations, partnerships, limited liability companies and individuals engaged in business and investment activities. Karl has been listed as both a Massachusetts Super Lawyer since 2004, and a New England Super Lawyer since 2007 in the area of Tax Law by Thomson Reuters and Boston Magazine. He has also been listed among The Best Lawyers in America in the area of Tax Law since 2007 and Litigation and Controversy - Tax since 2012.

Karl handles the tax aspects of venture capital and private equity financings, corporate and partnership restructurings, mergers and acquisitions, general advice in acquiring, holding and disposing of real estate, the formation of investment funds, executive compensation and preparation of tax disclosure materials in private and public offerings of partnership and corporate securities, including investment partnerships and real estate investment trusts.

He has particular experience in advising tax-exempt organizations; in structuring leasing transactions; international tax planning of inbound and outbound corporate and real estate transactions and offshore investment funds; tax planning of debt restructurings for creditors and debtors; tax disputes in administrative and judicial proceedings; and representation of institutional investors and developers of low-income housing credit projects.
•Assisted numerous venture capital, private equity and hedge funds in organizing new funds and making investments in portfolio companies.

•Guided numerous public and private companies through tax-free acquisitions in the United States and in cross-border transactions.

•Advised several REIT's and mutual funds concerning the tax aspects of organization and operations.

•Structured sale-leasebacks and leveraged leases of real estate and equipment in transactions valued at over one billion dollars.

•Assisted healthcare organizations and museums in forming joint ventures with for-profit enterprises.

•Handled numerous IRS and Massachusetts tax audits through the appeals and settlement process, and in court, including cases involving national tax shelter audit teams.

South Asia

Before Edwards Wildman

After law school, Karl was an attorney-advisor in the IRS Office of Chief Counsel in Washington, D.C. where he drafted international tax regulations and legislation. He also served as an attorney-advisor in the Appellate Section of the Tax Division, U.S. Department of Justice, where he briefed and argued over 50 cases in the U.S. Courts of Appeal and the U.S. Supreme Court. Following his years of government service, Karl has spent over 30 years in private practice in Boston.

Besides Edwards Wildman

Karl is active in his community of Winchester, Massachusetts and is currently a Town Meeting Member. He also served as the Chairman of the Board of Selectmen, and Chairman of the Town Finance Committee. Karl has been a member of the Massachusetts Taxpayer's Foundation and a member of the Board of Trustees of the Boston Municipal Research Bureau. Karl was appointed by Governor Deval Patrick of the Commonwealth of Massachusetts to serve on the 15 member Study Commission on Corporate Taxation, which made several recommendations for corporate tax reform that were enacted by the Massachusetts Legislature in 2008.


Edwards Wildman Represents Boston Dynamics in Its Acquisition by Google

Edwards Wildman represented Boston Dynamics, an MIT robotics spinoff which the firm has advised for two decades, in its acquisition by Google, Inc. Boston Dynamics is renowned for designing legged machines that balance and walk on legs.

Sale of Baja Broadband Cable Systems by M/C Partners and Columbia Capital

Our lawyers acted as lead counsel to M/C Partners and Columbia Capital in the $267,500,000 sale of cable systems by their affiliate, Baja Broadband LLC, to a subsidiary of Telephone and Data Systems, Inc.

Spin Out of Two Software Businesses

In March of 2013 our Business Law lawyers represented Bessemer Venture Partners and Greenspring Associates in the $27 million spin out of two software businesses from Luxembourg based GFI.com Software.

Stemline Therapeutics, Inc IPO

In January 2013, Edwards Wildman corporate, finance, insurance and intellectual property team members from Boston and Chicago advised Stemline Therapeutics, Inc. on its Initial Public Offering.

Applied Physical Sciences Stock Purchase

In December 2012 a team of Edwards Wildman Business Law lawyers represented Applied Physical Sciences Corp. in a stock purchase by General Dynamics.

IPO of GFI Software, Provider of Network Security

A team of our London- and US-based lawyers represented venture capitalists Bessemer Venture Partners and Greenspring Associates in the public filing for a US $100 million IPO of GFI Software.

Lamar Advertising Placement of Subordinated Notes

In 2012, our Securities lawyers represented Baton Rouge, Louisiana- based Lamar Advertising Company as issuer in the Rule 144A and Reg S Placement of 5% Senior Subordinated Notes due 2023.

Performing for Perfume Purveyor

Edwards Wildman lawyers in New York advised specialty retailer Perfumania in the acquisition of Parlux Fragrances completed in April 2012.

Dividend Recapitalization

In March 2012, a team of our lawyers represented the private equity firm ABRY Partners and RCN in the dividend recapitalization from SunTrust Bank.

United Recovery Systems Purchased 100% of the Capital Stock of Enterprise Recovery Systems, Inc.

A team of our Mergers & Acquisitions, Tax, and Benefits and Compensation lawyers represented Audax Group and its portfolio company, United Recovery Systems, in the March 2012 purchase of 100% of the capital stock of Enterprise Recovery Systems, Inc.

Edwards Wildman Client Advisory: Supreme Court Holds that Severance Payments Constitute Wages under FICA
March 27, 2014
Edwards Wildman's Karl Fryzel Featured in Law360 Q&A
December 4, 2013
Edwards Wildman Advises Time Warner Cable on $600 Million Acquisition of DukeNet Communications
October 8, 2013
Massachusetts Enacts Sales Tax on Computer and Software Services Digilaw Blog
August 7, 2013
Edwards Wildman Client Advisory - First Circuit Holds That Private Equity Fund is a Trade or Business Subject to Potential ERISA Control Group Liabilities; Broader Tax Consequences Possible
July 2013
Edwards Wildman's Karl Fryzel Discusses Entity Structures in Computer Magazine Podcast and Article
October 16, 2012
Edwards Wildman Team Explores the Entity Structures to Consider When Starting a New Business
October 2, 2012
General Counsel Roundtable - The NY AG and Management Fee Waivers
September 13, 2012 event
Edwards Wildman Client Advisory - The New York Attorney General and Management Fee Waivers
September 2012
Client Advisory - Additional Massachusetts Life Sciences Tax Incentives Authorized by 2012 State Budget Bill
September 2011

Edwards Wildman Represents Local Robotics Firm in Its Acquisition by Google, Reports Massachusetts Lawyers Weekly
December 19, 2013
Edwards Wildman Represents Boston Dynamics in Its Acquisition by Google
December 17, 2013
Best Lawyers Recognizes 54 Edwards Wildman Attorneys
October 16, 2013
Edwards Wildman's Karl Fryzel Analyzes Sun Capital Partners Decision in Bloomberg BNA Tax Report
October 1, 2013
Edwards Wildman's Chris Flanagan and Karl Fryzel Comment on the New Mass. Sales Tax in Sales and Use Tax Monitor
September 23, 2013
Best Lawyers Recognizes 56 Edwards Wildman Attorneys
September 27, 2012
The Sweet Smell of Success
April 20, 2012
EAPD Attorneys Selected For Inclusion in Super Lawyers 2010
October 7, 2010
Sixty EAPD Attorneys Recognized by the Best Lawyers in America
August 10, 2010
EAPD Congratulates Fusepoint, Inc.
June 1, 2010


Documents by this lawyer on Martindale.com

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Supreme Court Holds that Severance Payments Constitute Wages under FICA
Lori A. Basilico,Karl P. Fryzel,Rebecca Melaas, April 1, 2014
On March 25, 2014, the United States Supreme Court held in United States v. Quality Stores, Inc. that severance payments made to employees who were involuntarily terminated are taxable as wages under the Federal Insurance Contributions Act (“FICA”). United States v. Quality Stores,...

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Office Information

Karl P. Fryzel

111 Huntington Avenue
BostonMA 02199-7613


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