Overview
Michael D. Makofsky is McCarthy Lebit’s Administrative Principal and a member of the firm’s Board of Directors. He represents a diverse range of businesses, investors, financial institutions, lenders, and financial service providers in transactional and day-to-day business matters. His practice focuses on mergers and acquisitions, corporate transactions, business reorganizations, commercial finance, secured lending, investment transactions, and other complex business and financial matters. Michael works closely with clients to understand their business objectives and provides practical legal counsel tailored to the unique circumstances and needs of each matter.
Michael regularly represents businesses in mergers and acquisitions, including companies that are selling, acquiring, reorganizing, or merging. He assists clients throughout all stages of complex M&A transactions, including evaluating and structuring transactions, conducting and managing due diligence, establishing and coordinating financing relationships, negotiating purchase and sale terms and other transaction terms, and preparing, reviewing, and negotiating transaction documents. He advises clients on the legal and business considerations involved in corporate acquisitions, dispositions, mergers, reorganizations, and other strategic business transactions.
He also works closely with angel and venture capital funds, corporate strategic investors, family offices, and other institutional investors on investments and business transactions. His experience includes advising investors and companies on the structure and terms of investments and other business transactions, as well as negotiating and documenting those transactions. He also provides practical counsel tailored to the unique needs of emerging growth companies, helping address the legal considerations associated with their investments, financing arrangements, and other corporate matters.
Additionally, Michael represents a broad range of financial institutions and financial service providers, including banks, commercial finance companies, mezzanine lenders, and specialty lenders. He counsels borrowers, agents, and syndicate members in commercial finance transactions ranging from large, complex financings to single-lender, single-borrower transactions.
His commercial finance practice encompasses lending and financing structures such as asset-based lending, cash flow lending, multi-state financing, multi-currency financing, cross-border secured financing, and financing transactions secured by unusual or specialized types of collateral. He also handles ESOP loans, letter of credit facilities, health care financing, bond financing, and other capital transactions. Michael advises clients on the structure, negotiation, documentation, and closing of these transactions, addressing legal and business considerations involving collateral, financing arrangements, transaction terms, and the rights and obligations of the parties involved. Through his representation of lenders, borrowers, agents, syndicate members, investors, and businesses, he advises clients on corporate, transactional, financing, and investment matters.
Throughout his career, Michael has received recognition from prominent legal publications, including The Best Lawyers in America® and Ohio Super Lawyers®, which use peer-reviewed selection processes to recognize attorneys for their professional accomplishments and work in their respective areas of practice. The Best Lawyers in America® has recognized Michael for his work in Banking and Finance Law, Commercial Finance Law, and Mergers and Acquisitions Law. Ohio Super Lawyers® has recognized him for his work in Banking and Mergers & Acquisitions. These distinctions reflect Michael’s experience, professional accomplishments, and contributions within the legal community and his areas of practice.

Why McCarthy Lebit?
More Than A Firm. A Vision in Motion.
After practicing for a decade, Michael Makofsky was looking to broaden his practice focus and take on new challenges. When considering a career at McCarthy Lebit, he found himself looking for a firm that would allow him the structure and support to build his practice into what he had always imagined.
“I chose McCarthy Lebit because they saw my vision and desire to make a greater impact and helped bring it to life. What sets the firm apart is its commitment to support attorneys who want to take initiative, collaborate, and build their practice into something greater than before. It’s through that collaboration and support that I’ve been able to grow my career and step into the role of Administrative Principal. I wholeheartedly believe this level of growth would not have been possible without that support behind me,” shared Michael.
For Michael, McCarthy Lebit isn’t just a workplace, it’s a firm where ambition and ideas can take shape. Here, attorneys are given the support to grow and turn their aspirations into impact.
Awards
- The Best Lawyers in America®, 2021-2027
- Ohio Super Lawyers®, 2023-2027
- Crain’s Cleveland Business 40 under Forty, 2011
Affiliations
- Case Western Reserve University School of Law, Alumni Board, Member
- Alliance of M&A Advisors, Board Member
- Association for Corporate Growth (ACG), Cleveland Chapter, Member
- Ohio State Bar Association, Member
- Cleveland Metropolitan Bar Association, Member & Former Chair of Business Law Section
Articles
- "Planning the Exit: Maximizing Value Before, During, & After the Sale," McCarthy Lebit's The More Report, May 2026
- "Sell Now, Pay Later? Deferred Sales Trust May be the Answer," McCarthy Lebit's The More Report, March 2026
- "Sell now, pay later? Deferred sales trust may be the answer," Crain's Cleveland Business, January 2026
- "Stablecoins in 2027: Key Changes Under the GENIUS Act," McCarthy Lebit's The More Report, October 2025
- "Planning for Business Succession," McCarthy Lebit's The More Report, February 2025
- "What's Next - Planning for Business Succession," Crain's Cleveland Business, January 2025
- "Marijuana Industry Finds it’s Easier to Grow Cannabis Than Capital," Ideastream Public Media, July 2024
- "Minimizing Tax Risks: Key to Structuring a Successful M&A Deal," McCarthy Lebit's The More Report, May 2024
- "Spring Clean Your Business Contracts," McCarthy Lebit's The More Report, April 2024
- "Minimizing Tax Risks a Key Part of Structuring a Successful Deal," Crain's Cleveland Business, January 2024
- "Want to Sell Your Business? Here’s Where to Start," McCarthy Lebit's The More Report, October 2023
- "Cratered! Why Did My M&A Deal Fail to Close?," McCarthy Lebit's The More Report, August 2023
- "Want to Sell Your Business? Here's Where to Start," Cleveland Jewish News, February 2023
- "Want to Sell Your Business? Here's Where to Start," Crain's Cleveland Business, January 2023
- "What to Know Before Signing a M&A Term Sheet," McCarthy Lebit's The More Report, March 2022
- "M&A Players Must Adjust Their Mindsets in the COVID-19 Era," Crain's Cleveland Business, July 2020
- "Cybersecurity Assessment an Essential Part of Due Diligence," Crain's Cleveland Business, January 2020
- "What Does the Phase-Out of LIBOR Mean to Your Business," Crain's Cleveland Business, December 2019
- "Phase-Out of LIBOR: What It Means for You," McCarthy Lebit's The More Report, July 2019
- "Understanding the Capital Stack in an M&A Transaction," Crain's Cleveland Business, January 2019
- "Special Purpose Vehicles: A Solution For Too Many Investors?," McCarthy Lebit's The More Report, July 2018
- "How to Determine the Best Structure for the Sale of Your Business," Smart Business Magazine, May 2018
- "Employee Considerations in a Transaction," Crain's Cleveland Business, January 2018
- "Proper Planning is a Critical Piece to a Successful Business Sale," Smart Business Magazine, May 2017
- "Variations to Traditional Sale Offer Additional Benefits," Crain's Cleveland Business, January 2017
- "Proper Planning Can Lead to Successful Business Sale," Crain's Cleveland Business, December 2016
- "Before You Sign on Dotted Line, Address Post-Closing Obligations in a Business Sale," Crain's Cleveland Business, January 2016
- “It’s All In The Details – How Small Matters Can Greatly Affect Your Transaction,” Crain's Cleveland Business, January 2015
- On Line Trading and Investor Education, CrainTech.com, Summer, 2002
Presentations
- The Law & COVID-19: A small business's Q&A on matters of Employment, Finance & Real Estate, Greater Cleveland Partnership, April 2020
- Capital Financing Solutions, Cleveland Accounting Show, October 2013
Client Testimonials
"Mike is both my confidant and my friend. He is a fantastic person and my go-to destination whenever I need advice on any matter - business or personal. His depth and breadth of knowledge, clubbed with his savvy approach to any situation makes Mike THE ABSOLUTE BEST partner I could have asked for. Thank you, Mike!" Anurag Khanna | Manager, Enjoy Better Coffee
“Mike has helped our organization with various matters, including bank & creditor negotiations, debt restructurings, collection items and other legal consultation. I would recommend Mike to anyone.” Mark Barrett | CEO, Mediu, Inc.
"As an aggressive entrepreneur, I was looking for legal counsel that could adapt and adjust to the fast-paced nature of our business. McCarthy Lebit Delivers just that. When I trust an issue to Mike Makofsky or his partners, I know it's handled. I don't even have to think about it." Evan Schumann | President & CEO, L'uva Bella Winery & Brands
"As our trusted advisor, Mike Makofsky's advice and experience is critical to the success of our company. He has supported us through our evolution from a start-up to a growing enterprise. His high-quality legal expertise and his interest in understanding our business goals absolutely results in better outcomes for us." Don Greenberg | CEO, The 72 Chocolate Collection
"Mike and his staff helped with all aspects of selling our business and industrial estate associated with the business. They were easy to work with, thorough, and took great care to explain and look out for our best interests. Mike was always prompt and readily available." Mike Hawk & The Hawk Family | Die Co., Inc.
Practice Area(s)
Education
Admissions
U.S. District Court, Northern District of Ohio
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