Dan Sheridan, a Partner in Potomac Law’s corporate practice, has over thirty-five years of combined law firm and in-house experience in mergers and acquisitions, formation, financing and governance of business entities, real estate transactions, and general commercial matters. A significant part of Mr. Sheridan’s practice entails representation of registered investment advisors in connection with the monetization of their advisory practices, whether through internal succession, external sale, or other business combination. His depth of experience in business transactions coupled with his thorough knowledge of the applicable regulatory requirements allows Mr. Sheridan to drive significant additional value for clients in this industry.

Prior to joining Potomac Law, Mr. Sheridan was divisional counsel for Royal Philips Electronics, a multi-national consumer electronics, lighting and medical device manufacturer. After leaving Philips in 2010, he founded a boutique business and transactional law practice, which he later transitioned to Stark & Stark, a regional law firm located in Princeton, New Jersey. Having spent his career in the State of New Jersey, a jurisdiction known for its vigorous environmental enforcement, Mr. Sheridan also has significant experience managing environmental risks in business transactions, brownfields, and related compliance and liability issues.  His diverse background over these many years enables him to effectively assist clients in a wide variety of business, commercial, and real estate transactions.

Mr. Sheridan frequently advises clients on their choice of business entity, including the potential beneficial use of the “Series LLC” structure. This structure, while somewhat novel, offers tremendous flexibility for ordering legal and economic relationships. Mr. Sheridan’s practice sometimes involves disputes among business owners, and he often helps clients to successfully navigate the settlement of significant internal disagreements while at the same time preserve the underlying value of their businesses. Where appropriate, Mr. Sheridan closely collaborates with litigation counsel in the context of private company disputes, especially those involving alleged breaches of fiduciary duty and minority oppression.

Mr. Sheridan actively participates on the American Bar Association’s Committee on Limited Liability Companies and has played a key role on several of the Committee’s drafting projects, including serving as Co-Chair of a Task Force that is developing a model Security Agreement covering limited liability company interest collateral. He frequently lectures on topics related to entity planning and governance.

Representative Experience

  • Served as lead counsel to a registered investment advisor in a business combination transaction involving new private equity investment and cash-out proceeds in excess of $25 million.
  • Designed and documented the reorganization of a multi-billion investment advisory firm into a Series LLC which facilitated direct ownership of client relationships by LLC members while at the same time maintaining a single regulated entity structure.
  • Documented the merger of two technology firms which combined to develop a market-leading online platform for energy procurement, including the negotiation of post-merger ownership stakes and documentation of post-merger management roles.
  • Structured and documented the equity ownership and real property rights for a start-up craft distillery, including documentation of a private securities offering for initial equity capital.
  • Served as lead counsel to a publicly traded Indian company acquiring the stock of three United States based technology companies (two with foreign subsidiaries).

Publications and Speeches

  • Contemporary Considerations for Drafting Buy-Sell and Valuation Provisions in Limited Liability Company Operating Agreements, Business Law Today (May 27, 2021)

  • S Corporation Limited Liability Companies: Pick Your Paradigm, Business Law Today (March 23, 2017)
  • The Duty of Care, Exculpation and Indemnification under the New Jersey Revised Uniform Limited Liability Company Act—A Continuing Evolution, New Jersey Lawyer, (October 2014)
  • Maintaining ‘Innocence’ Gets Complicated, New Jersey Law Journal, (March 3, 2014)
  • Panelist, Non-Delaware Case Law Update ABA Business Law Section 2019 LLC Institute (November 2019)
  • Panelist, Non-Delaware Case Law Update, ABA Business Law 2018 LLC Institute (October 2018)
  • Moderator and Panelist, Drafting Series Provisions under the Delaware, Texas and Model Acts, ABA Business Law Section 2018 Annual Meeting (September 2018)
  • Speaker, Security Interests in LLC Membership Interests, New Jersey ICLE 2018 Annual Business Law Symposium (March 2018)
  • Panelist, Non-Delaware Case Law Update, ABA Business Law Section 2017 LLC Institute (October 2017)
  • Panelist, Restructuring Limited Liability Companies – In and Out of Bankruptcy ABA Business Law Section 2017 Annual Meeting (September 2017)
  • Moderator and Panelist, Key Considerations for LLC Membership Interest Collateral, ABA Business Law Section 2016 Spring Meeting (April 2016)
  • Moderator and Panelist, S Corporation LLCs, ABA Business Law Section 2015 LLC Institute (October 2015)
  • Speaker, Mergers of Limited Liability Companies: How Does it Work in Real Life? , New Jersey ICLE 2013 Annual Business Law Symposium (April 2013)

Civic Involvement

  • Rotary Club of the Princeton Corridor, Past President
  • Boys and Girls Club of Trenton and Mercer County, Board of Trustees

Memberships and Affiliations

  • American Bar Association Business Law Section, Co-Chair of the Joint Task Force on Security Interests in LLC and Other Unincorporated Entity Interests
  • New Jersey State Bar Association, Past Chair of the Environmental Law Section, Member of Business Law Section Committee on Industrial Site Recovery Act


  • Seton Hall University School of Law, J.D., cum laude
    • Editor-in-Chief, Seton Hall Legislative Journal
  • Saint Joseph’s University, B.A.

Previous Experience

  • Stark & Stark, PC, Shareholder
  • Royal Philips Electronics, Amsterdam, The Netherlands, US Divisional Counsel – Consumer Products


  • New Jersey
  • Pennsylvania

Recent News

Jump to Page

By using this site, you agree to our updated Privacy Policy and our Terms of Use