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Resumé of Layton L. Pace, Esq.
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Layton L. Pace
has headed his own law practice for over a decade in Manhattan Beach and Hermosa Beach, California. Prior to opening
his own practice, he practiced law for over twenty years at the law firms of Ervin, Cohen & Jessup, LLP in Beverly
Hills, California, Stoel Rives LLP in Portland, Oregon and Baker, Burton & Lundy, A Professional Corporation, in
Hermosa Beach, California. Layton worked 16 of those years as a partner and associate at ECJ, where he was the
working head of its income tax and state and local tax practices. Mr. Pace’s tax practice focuses on United States and California
income, franchise, sales and use and property taxation of foreign and domestic C corporations, S corporations,
partnerships, limited liability companies, trusts and individuals engaged in a wide spectrum of business and real estate-related
activities. His practice involves designing, evaluating and implementing tax-efficient business structures
and transactions and handling tax controversies with federal, state and local governmental authorities. Specific
examples of Mr. Pace’s practice areas include structuring Section 1031 exchanges, forming and converting partnerships,
limited liability companies and corporations, advising and implementing divisive and acquisitive tax-free reorganizations,
drafting and implementing shareholder and redemption agreements, reviewing compensation arrangements, advising clients
regarding withholding, reporting and other aspects of inbound investments in the United States, providing tax and legal
advice and documentation for stock and asset purchases, reviewing the tax consequences of property distributions by trusts
and resolving tax controversies at various stages with the U.S. Tax Court, IRS, California Franchise Tax Board, California
Department of Tax and Fee Administration, the California Office of Tax Appeals, and local governments.
Mr. Pace is the 2008 recipient of the V. Judson Klein Award.
The Taxation Section of the California Lawyers Association (until formed as a separate non-profit organization in
2018, the California State Bar) presents the V. Judson Klein Award annually to a tax practitioner in mid-career purportedly
for possessing a keen and imaginative intellect, a true passion for the law and great personal integrity.
Mr. Pace is a current member of the Executive Committee of the Taxation Section
of the Beverly Hills Bar Association. Mr. Pace is a past member and advisor to the Executive Committee of
the Taxation Section of the California State Bar (subsequently transferred to the California Lawyers Assocation), a past chair
of that Section's Passthrough Entities Committee, and a past Federal Tax Editor of its publication, the California Tax Lawyer.
Mr. Pace is past chair of the Executive Committee and Business Entities Committee of the Taxation Section of the
Los Angeles County Bar Association. He is an inactive member of the Oregon State Bar and the Washington
State Bar Association. Mr. Pace speaks frequently and writes
on various real property, limited liability company, partnership, S corporation, litigation recovery and other federal
and California tax-related topics, including seminars sponsored by local chapters of the California CPA Society, the California
Lawyers Association, the Beverly Hills Bar Association and other organizations. He has written and presented position
papers on real property, cancellation of indebtedness and partnership tax issues to the federal government in Washington DC
and California's government in Sacramento, CA, some of which have been reprinted in the California Tax Lawyer.
Mr. Pace graduated cum laude from UC Hastings College of Law (later
renamed UC College of the Law, San Francisco) in San Francisco, California. He participated in the MBA
program at Santa Clara University in Santa Clara, California. He received an undergraduate degree in Business Administration
(accounting concentration) from the University of Washington in Seattle, Washington.
Before attending law school, Mr. Pace worked as a cost
accountant for AT&T Technologies in Sunnyvale and Anaheim, California, a legal intern for US Sprint in Burlingame, California
and as a tax intern at Coopers & Lybrand in San Francisco, California.
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