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Businesses have long chosen to headquarter in California over other states. But with the state’s expensive cost of living, high taxes, and complex regulatory environment, a number of high-profile businesses have left. This presentation walks through key considerations for any business before leaving, including the legal mechanism to do so, the regulatory impact, and the effect on potential and future litigation.
Article: “Here’s What Business Should Know Before Leaving California”
Key topics to be discussed:
Date: October 14, 2022
Jeremy Babener | Structured Consulting
Jeremy is the Founder of Structured Consulting and previously served in the U.S. Treasury’s Office of Tax Policy. He consults for businesses on strategy, partnerships, and marketing.
Jeremy Babener is a nationally recognized tax attorney who focuses his practice on lawsuit awards, settlements and complex structures.
As Special Tax Counsel Jeremy advises on tax and business matters in addition to his work outside the firm. He previously served full time in Lane Powell’s Tax Group and later as general counsel and vice-president to firm client Multistream Capital, a financial company selling customized income stream investments.
Jeremy regularly speaks and writes on tax issues relating to settlements and structures and serves as a Board Member and Chair of the Legal Committee of the Society of Settlement Planners.
Before joining Lane Powell, Jeremy served as a Tax Policy Fellow in the U.S. Treasury Department’s Office of Tax Policy, focusing on partnership tax issues including non-compensatory partnership options and debt-equity exchanges.
Sergio Broholm | Shartsis Friese
Sergio Broholm is an attorney in the Firm’s Corporate Group. Sergio represents a variety of clients, ranging from founders, startups and executives to investors and publicly traded companies. Sergio’s practice focuses on mergers and acquisitions, emerging company representation, and general contractual and transactional matters. Sergio also regularly advises blockchain and cryptocurrency clients on a range of transactional matters and outside general counsel work.
Sergio’s legal career started at the global law firm Kirkland & Ellis, where he represented private equity firms and their portfolio companies in all aspects of their businesses. Prior to entering law school, Sergio worked as a political risk analyst in Mexico City, where he published articles about national politics and security in Mexico and Central America. He speaks and writes Spanish fluently.
Sergio maintains an active pro bono practice, spearheading a pro bono program at the Firm to help formerly incarcerated individuals clean their conviction records. Outside of his practice, Sergio enjoys spending time with his family and friends, and sailing in the San Francisco Bay.
Gina Elliott | Bradley Berstein Sands
Gina Elliot is an associate at Bradley Berstein Sands. She specializes in complex civil litigation and has experience litigating a diverse range of legal issues, including securities and constitutional law.
Gina specializes in complex civil litigation in federal and state court. She has experience litigating cases involving issues of securities, copyright, and constitutional law, among other areas. Gina develops a deep understanding of her clients’ business and goals and works with them to develop and adapt their legal strategies based on changes in the legal or business environment. Before joining BBS, Gina worked at Munger, Tolles & Olson in Los Angeles, where she represented technology and entertainment companies and a large public university. She maintains an active pro bono practice, which has included work at the trial and appellate levels.
Jack Frisbie | USC Gould School of Law
Jack Frisbie is a third-year student at USC Gould School of Law (’23). Since working as a Treasury Analyst at Belk he has focused on business law and strategy.
I. What to consider before moving CA | 2:00pm – 2:30pm
II. What to do after leaving CA | 2:30pm – 3:00pm
Break | 3:00pm – 3:10pm
III. How CA might still regulate your company | 3:10pm – 3:40pm
IV. When contractual ties to CA matters | 3:40pm – 4:10pm