Schuster, Jonathan L.

Jonathan L. Schuster

Diana Bruner


Jonathan Schuster is a partner at the firm concentrating in general corporate law, corporate finance and securities, private equity, venture capital, and merger and acquisition matters. Mr. Schuster represents investors, underwriters, and publicly and privately-held companies in complex business transactions, including mergers and acquisitions, private equity transactions, venture capital financings, joint ventures, recapitalizations, and securities offerings. He also serves as outside general counsel, advising on general corporate matters to a number of clients, including investment advisers, real estate sponsors, private equity sponsors, and companies in the agribusiness, construction, healthcare, technology, and professional services industries.

Prior to practicing law, Mr. Schuster was an associate analyst in the Milwaukee office of a regional investment bank where he provided equity research, analyzing small and mid-capitalization companies in the consumer, healthcare, and technology distribution industries. In addition, Mr. Schuster was a consultant in the Chicago office of IPC Group, LLC (n/k/a CRA International, Inc.), providing economic, financial, and strategic advisory services related to intellectual property, complex business disputes, and business valuations.

Admitted to practice in the State Courts of Wisconsin.


J.D., magna cum laude, University of Wisconsin Law School
M.B.A., University of Wisconsin-Madison
B.B.A., with honors, University of Wisconsin-Madison

Involvement & Recognition


  • Lecturer, Business Law, University of Wisconsin-Madison School of Business, Evening MBA Program
  • Adjunct Professor, Securities Regulation, University of Wisconsin Law School
  • Past Director and Treasurer, Middleton Youth Hockey, Inc.
  • Member, American Bar Association
  • Member, Business Law Section, Wisconsin Bar Association
  • Member, CFA Institute
  • Member, past director, past president, CFA Society of Madison Inc.
  • Member, Dane County Bar Association
  • Member, Institute of Management Accountants


  • Certified in Financial Management
  • Certified Management Accountant
  • Certified Public Accountant
  • Chartered Financial Analyst
  • Named to the 2006, 2007 and 2010 Wisconsin Rising Stars Lists (Primary Area of Practice: Business/Corporate Law)
  • Recognized by Madison Magazine as a leading lawyer in securities law
  • Recognized in The Best Lawyers in America© (2018-2024 Edition) – Securities Regulation

Client Successes

Represented companies, majority shareholders and minority shareholders, and members in freeze out, squeeze out, and related shareholder oppression matters and business disputes

Represented corporation in connection with employee stock ownership plan (ESOP) transaction and implementing deferred compensation program

Represented real estate sponsors in raising capital in tenant in common, syndicated limited liability companies, and related offerings

Advised publicly traded health insurance company in connection with obtaining approval from the Wisconsin Office of the Commissioner of Insurance for the $900 million acquisition of an insurance company domiciled in Wisconsin

Sale of closely held business to multinational corporation

Represented privately-held construction services corporation in limited auction process and sale to publicly-held corporation

Represented investment advisory firm in connection with “A” reorganization and merger with Wisconsin banking corporation

Represented emerging companies on developing business and strategic plans, establishing corporate governance policies, raising capital, protecting intellectual property rights, implementing executive and employee compensation arrangements and preparing corporate agreements

Representation of real estate sponsor in connection with designing and structuring tenant in common (TIC) programs, including acquisition of real estate, private placement of TIC interests, and ongoing securities law advice

Represented group of non-profit, long-term care entities operating in Texas, and group of 40 denominational, long-term care entities operating in 14 states in connection with the formation and operation of South Carolina and Vermont domiciled risk retention groups to provide professional and general liability coverage to the shareholders/insureds

Represented Cayman Islands domiciled captive insurance company

Schuster, Jonathan L.

Consulted corporation on Series A, B, and C Preferred Stock offerings and licensing, marketing, and distribution arrangements

Advised on securities law matters, including registered representatives and investment advisers on compliance issues, issuers and underwriters on the private and public offering of securities, and reporting companies on corporate governance matters and compliance with listing standards and the Securities Exchange Act of 1934


Other Presentations & Publications
Article: The 5 W's of Captive Risk Insurance
Presentation: "Creating Practical Operating Procedures for LLCs." NBI Seminar (2007)
Panel: Tenant In Common Association's (TICA) 5th Annual Conference. "Intermediate Real Estate Fundamentals." (10/2008)
Panel: University of Wisconsin - Madison School of Business Alumni Event and Discussion of Mergers and Acquisitions