Layton L. Pace, Esq.
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, in 2015, completed a three-year term as a member of the Partnerships
and Limited Liability Company Committee of the Business Law Section of the California State Bar. In that position, he created the
"RULLCA Universe" postings on LinkedIn, which consisted of a 13-part series of questions and answers regarding
California's recently enacted Revised Uniform Limited Liability Company Act. Mr. Pace is a past member and advisor
to the Executive Committee of the Taxation Section of the California State Bar. He is a past chair of the
Taxation Section’s Business Entities Committee, was Federal Tax Editor of its publication, the California Tax Lawyer,
and is currently active on several of its substantive committees. Mr. Pace is past chair of the 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 Los Angeles County 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 in San Francisco, California in 1987. 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 in 1980.
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.