HANSEN SETO, LLP

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Raymond Seto and Richard Hansen

Attorneys

You need advocates with experience, knowledge, and skill to represent you and your business. Our attorneys' wealth of knowledge ranges from intellectual property licenses to corporate transactions. We are committed to providing you with comprehensive representation.


Richard K. Hansen

Practice Areas

  • Corporations
  • Mergers and Acquisitions
  • Business Transactions
  • Intellectual Property Licenses

Education and Bar Admissions

College
Oregon State University, B.S., 1961

Law School
University of Southern California, JD, 1969

Bar Admissions
California 1971; United States District Court, Central District, 1973

Richard K. Hansen

Experience

Mr. Hansen is a founding partner of HANSEN SETO, LLP. He was born in central California and grew up in various places along the West Coast from California to Alaska. After graduating from Oregon State University with a major in business and a minor in industrial engineering, he worked for several years selling industrial equipment and providing industrial engineering services. He then served as a contract administrator for several aerospace companies until 1961, during which time he attended University of Southern California School of Law, where he received a JD.

Following law school, Mr. Hansen joined the law department of Pertec Corporation, rising to Vice President, General Counsel. During that period, Pertec was actively engaged in mergers and acquisitions and became registered on the New York Stock Exchange. In addition to serving as general counsel, Mr. Hansen was one of a three-member Office-of- the-President, overseeing business operations of the corporation. When the company was sold, Mr. Hansen joined the law firm of Riordan & McKenzie in Los Angeles, California, specializing in initial public offerings, mergers and acquisitions and general business. After leaving Riordan and McKenzie, he practiced 12 years as a sole practitioner and of counsel to another law firm, specializing in corporate securities, small-cap IPOs, mergers and acquisitions, intellectual property licensing and general business Law. In 1994, Mr. Hansen co-founded the law firm of Pettilon & Hansen, continuing to specialize in securities, intellectual property licensing and business matters.

In 2004, Mr. he joined Raymond Seto to form HANSEN SETO, LLP. He continues to focus on startup and medium-sized businesses, mergers and acquisitions, IP licensing and general business Law. Because of his background and experience in business operations and industrial engineering, he can provide clients with practical business and operations counseling in addition to her voice.

Awards and Publications

  • Contributing Author, Bancroft Whitney, "California Business Transactions Forms," Chapter 9.
  • Contributing Author, Petillon & Hull, West Group, "Representing Start-Up Companies"



Raymond J. Seto

Practice Areas

  • Corporate Transactions, Governance and Control Issues
  • Partnerships and Limited Liability Companies
  • Business Transactions and Litigation
  • Business Succession Planning

Education and Bar Admissions

Colleges
University of Southern California, B.S. 1973
University of Southern California, MBA, 1987
Beta Gamma Sigma

Law School
Loyola Law School, JD, 1990

Bar Admissions
California 1990, United States District Court, Central District 1991

Raymond J. Seto

Experience

Mr. Seto is a founding partner of HANSEN SETO, LLP. He was born in Los Angeles and raised and educated in Southern California. After graduating from college he worked for ten years in the healthcare field as a clinician, specializing in cardiac rehabilitation and sports medicine, and as an administrator, managing clinical therapy departments and medical groups at two major Southern California medical centers. Concurrently, and until 1990, Mr. Seto managed his family's privately held company which was engaged in the restaurant and real estate development and management business. During this period he also attended the USC Graduate of Business, where he received an MBA and Loyola Law School where he received his J.D.

After graduating from law school, Mr. Seto practiced for four years at Price, Postel & Parma, in Santa Barbara, California, where he worked on various business, tax, securities, litigation and administrative law matters. Mr. Seto joined Petillon & Hansen in 1994, becoming a partner in 1996, and concentrates his practice in representing small to medium-sized companies in the manufacturing, technology, and service sectors.

In 2004, Mr. Seto joined Richard Hansen in forming HANSEN SETO, LLP, where he continues counseling, negotiating and implementing business transactions for his clients which range from routine to complex including private financings, to real property leases, sales contracts, licensing agreements, employment matters, and merger-acquisition events. Mr. Seto also represents his clients in business litigation matters as they arise, particularly in the area of disputes involving ownership and control of corporations, partnerships and limited liability companies.

On the basis of his experience in business, tax and corporate control issues, Mr. Seto has developed a particular expertise in representing clients in devising succession plans for their businesses, including estate planning issues unique to business owners, and wrote a seminal article on the subject of Business Succession Planning, published by the Continuing Education of the Bar in 1994 (updated and reprinted in 2008, which evolved into a legal treatise published by CEB in 2010, which is presently in its fourth update.

Awards and Publications

  • "Successorship Planning for the California Family Business," Parts I and II, CEB California
  • Business Law Practitioner, Spring and Summer 1994. - Updated: Fall 2008, Winter 2009
  • Business Succession Planning, CEB, Chapter 1, June 2010 - Updated Annually
  • Contributing Author, Bancroft Whitney, "California Business Transactions Forms," Chapter 9
  • Contributing Author, Petillon & Hull, West Group, "Representing Start-Up Companies"

Representative Matters

Mergers and Acquisitions

  • Represented owners of a closely held company engaged in network administration and software development services for government agencies in an $80 million acquisition by a publicly held company.
  • Advised a publicly held company in medical products business in a "going private" transaction which resulted in the dissolution of U.S. based subsidiary and transfer of assets to foreign-based parent.
  • Represented owners of a closely held company engaged in manufacture, installation, and maintenance of commercial-industrial building components in a $40 million acquisition by a European company.

Succession Planning

  • Represented husband and wife in consolidating ownership and management of a substantial real estate portfolio into a limited liability company from which part gift/part sale transactions of shares were made to children who will ultimately succeed parents. Prepared associated trust and estate planning documents to conform them to the structure and requirements of the limited liability company.
  • Advised client in the transfer of a controlling interest in an internationally known consumer products company to client's children, preparing associated trust documents, shareholder agreements, and corporate resolutions.
  • Represented founder of a software company in structuring transition of ownership and control of the corporation to key employees, providing a long-term payout and retirement plan for the founder.

Business Litigation

  • Successful defense of a corporate director of an internet service provider sued in a shareholder derivative action by minority shareholders, resulting in the dismissal of action through summary judgment.
  • Represented 50% shareholder in a corporate control lawsuit resulting in an appraisal and successful buyout of a $10 million laboratory business.
  • Represented investor/shareholder in recovering $2 million investment in a corporation engaged in internet services through a lawsuit for fraud and breach of contract.
  • Acted as special counsel to Bankruptcy Trustee in a suit to recover funds from CEO of a corporate debtor who wrongfully manipulated assets of the corporation in a failed "roll-up" transaction.

Business Transactions

  • Mr. Seto regularly advises and represents clients engaged in a wide variety of businesses and activities, reviewing and preparing agreements in events ranging from routine to unusual and complex. Many of Mr. Seto's clients are of long-standing duration in which he has counseled and represented them through entire business cycles from start-up, to growth (organically or through acquisition) and eventual sale or transfer to succeeding generations.