Overview
Taylor Gast helps businesses and organizations of all sizes and at all stages of development grow and solve problems. He provides practical and thoughtful advice on issues including technology law, data privacy and cybersecurity, startups, mergers and acquisitions, compliance, taxation, and contracting. His breadth of legal expertise complements his focus on providing practical guidance to help businesses grow and address challenges. He is based in Lansing and counsels clients in Detroit, Grand Rapids, and throughout Michigan.
- Outside General Counsel and Compliance: Serves as trusted outside general counsel to a variety of businesses, including technology companies, major financial institutions such as banks and credit unions. He works hard to build a deep understanding of each client’s business and goals to provide tailored advice. He provides thoughtful support regarding regulatory compliance, taxation, contracting, corporate governance, finance, and other areas.
- Has significant experience with mergers and acquisitions, compliance and licensing issues, and other strategic initiatives. Experienced with state and federal income tax audits and disputes related to business taxes, state sales and use tax, and other tax issues. He also advises clients on employee benefits issues, ERISA, and executive compensation, including non-qualified deferred compensation plans.
- Information Technology Law: Has significant experience with issues that arise at the intersection of business, technology, and the law. He assists businesses, municipalities and organizations of all sizes in preparing for, and responding to data privacy and cybersecurity incidents, including data breaches. He has assisted organizations in consistently communicating with customers, employees, investigators, state attorneys general, and agencies like the Federal Trade Commission (FTC) after a data privacy incident occurs. Experience designing, installing, and maintaining proactive cybersecurity and privacy programs for a variety of organizations. Additionally, he is proficient with the many sector-specific regulations affecting data privacy including the Gramm-Leach-Bliley Act, HIPAA, the Children’s Online Privacy Protection Act (COPPA), and the multitude of state legislation passed in recent years, as well as foreign rules like the European Union’s General Data Protection Regulation (GDPR).
- Frequently assists with business to business (B2B) and business to consumer (B2C) contracting and procurement within and outside of technology-heavy industries, and he advises clients regarding intellectual property issues, the Uniform Commercial Code (UCC), licensing agreements, and joint development agreements.
- Mergers and Acquisitions: Taylor works with clients to purchase and sell businesses and is a key part of Foster Swift’s deal team. He counsels clients on transaction structuring, tax implications, negotiating letters of intent, due diligence, purchase and sale documents, and both pre- and post-closing issues.
- Startups, Entrepreneurs, and Emerging Growth Companies: Frequently works with entrepreneurs to identify complex issues and break them down into clear business decisions and action items. He has significant experience forming LLCs, corporations, and other business entities, and working through the issues that startups and emerging growth companies encounter, including entity selection, raising capital, protecting assets, and exiting through a sale of the business, going public, or a succession plan.
Honors & Recognitions
"Top 5 Under 35" Award, Ingham County Bar Association, 2020
Michigan Super Lawyers "Rising Star," Business/Corporate, 2021-2024
Affiliations
Memberships & Affiliations
Legal Affiliations:
- State Bar of Michigan
- Business Law Section
- Information Technology Law Section
- Intellectual Property Section
- Taxation Section
Professional Affiliations:
- International Association of Privacy Professionals
Community Involvement:
- Michigan Technology Network—Lansing, Director
- Arts Council of Greater Lansing, Director
- Impression 5 Science Center, Director
- University of Michigan Alumni Association
Experience
Representative Matters
- Helped a large, multinational software company respond to a data security incident involving all of its users by determining whether the incident constituted a “breach” under relevant laws and regulations, resolving complex conflict of law issues, assessing who should be notified, navigating regulatory investigations, and mitigating the potential costs of litigation.
- Advised countless entrepreneurs on forming their businesses, growing them through outside investment, and sustaining them as they added employees and negotiated contracts, handling other legal issues as they arose.
- Assisted an innovative technology manufacturing client in partnering with a globally-recognized brand by licensing its proprietary technology to create a new jointly-developed product.
- Helped financial institutions pursue growth strategies by seeking regulatory approval to open new branches, and in all aspects of acquiring several new branch locations.
- Advised Michigan-based clients with sales activity throughout the United States on compliance with sales, income, and other federal, state, and local taxes, and worked to negotiate settlement of past liabilities, mitigating significant potential audit costs.
- Worked with a client to understand the options for withdrawing from public pension system, execute withdrawal from public pension system, and create a more solid foundation to grow its business in the future.
- Helped a growing business client choose between several non-qualified deferred compensation plans, discussed the plans’ tax implications, and worked with the client to begin plan administration, allowing them to better incentivize and retain key employees.
Communications
Recent Blog Posts
BizTech Law Blog
- What is a Deepfake and How Might it Impact Your Business?
- Implications of FTC’s Final “Click-to-Cancel” Rule: Simplifying Consumer Cancellations
- DOL Echoes Employee Benefits and Cybersecurity Best Practices
- AI Legal Issues That Can Impact Your Business
- Risks Make AI Workplace Policies a Requirement
- Legal Insights Into Businesses Using AI
- Cybersecurity Month Serves as Reminder to Take Proactive Steps
- Michigan Launches “Afflicted Business” Grant Program
- Cybersecurity Impact on Small Businesses in Wake of Colonial Pipeline
- Department of Labor Releases Employee Benefits and Cybersecurity Best Practices
Publications
- 2024 Year-End Checklist for Businesses, Foster Swift Business & Tax Law News, November 6, 2024
- Executive Order: Revised Requirement for Businesses and Other Organizations, Foster Swift Legal Update E-blast, July 19, 2020
- Whitmer Enacts Mandatory Mask Executive Order, Foster Swift Legal Update E-blast, July 10, 2020
- New PPP Legislation Provides Flexibility to Borrowers, Foster Swift Legal Update E-blast, June 5, 2020
- Updates to PPP Forgiveness Regulations Released, Foster Swift Legal Update E-blast, May 26, 2020
- An Update to PPP Certification, Foster Swift Legal Update E-blast, May 13, 2020
News & Events
Speaking Engagements
- What AI Legal Issues Can Impact Your Business?, Second Wednesday Sessions, March 13, 2024
- Ask Me Anything: AI Legal Insights, Startup Grind, May 17, 2023
- The Future of Business & A.I., Lansing Regional Chamber Policy & Regulatory Education Series, April 4, 2023
- An Overview of GDPR Training, Michigan Economic Development Corporation (MEDC) Fall 2022 Virtual ExporTech™ Program, December 8, 2022
- Data Privacy: Shifting Focus From Preventing to Preparing, Foster Swift 2nd Wednesday Morning Break, October 13, 2021
- COVID Stimulus Options for Businesses, Foster Swift, February 10, 2021
News
- New ABA ethics opinion tackles use of AI in the legal profession, Michigan Lawyers Weekly, November 6, 2024
- 17 Attorneys Selected to 2024 Michigan Super Lawyers and “Rising Stars”, Michigan Super Lawyers, August 12, 2024
- LEAP Teams with Foster Swift, LRCC, Tri-Star and Transworld to Offer Succession Planning Program for Ingham County Businesses, Lansing Regional Chamber of Commerce, April 18, 2024
- Foster Swift Selects Gast as Business Practice Co-Leader, Ingham County Legal News, February 23, 2024
- 17 Attorneys Selected to 2023 Michigan Super Lawyers and “Rising Stars”, Michigan Super Lawyers, August 11, 2023
- 21 Attorneys Selected to 2022 Michigan Super Lawyers and “Rising Stars”, Michigan Super Lawyers, August 12, 2022
- Foster Swift Elects Four Shareholders, January 10, 2022
Media
Practice Areas
- Business & Tax
- Business Contracts
- Business Law
- Credit Union Representation
- Cybersecurity and Data Privacy
- Deal Team - Mergers & Acquisitions
- Employee Benefits
- Entity Selection, Organization & Planning
- Financial Institution Law
- Financial Institution Regulation & Compliance
- General Counsel
- Michigan Tax
- Non-Profit Corporate Law
- Procurement Services
- Real Estate Law
- Securities Law
- Small Business
- Startup Entrepreneurial Emerging Development (S.E.E.D)
- State and Federal Audits and Tax Disputes
- Tax Exempt Organizations
- Tax Law
- Technology Law
Education
University of Illinois College of Law, J.D., 2015, magna cum laude
University of Michigan, B.A. Political Science, 2010
Bar and Court Admissions
Michigan