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Richard Streza is the managing partner of the law firm Brown & Streza, LLP. Richard is a business planning attorney working exclusively with closely held businesses and their owners. He exclusively counsels business owners with respect to the appropriate business structure taxation, risk management, and internal operational management. Richard sits on a variety of advisory boards, board of directors for numerous companies, as well as management committees for some of the firm’s larger clients.

For eight consecutive years Richard has been included on the “Southern California Super Lawyer” list by Los Angeles Magazine – a distinction recognizing only 5% of the attorneys in Southern California (excluding San Diego).

Recognized for his deep technical expertise in the areas of taxation, risk management, insurance and management incentive planning, Richard counsels business owners on business structures to accomplish their growth, operational plans and succession plans. Since Richard counsels with in excess of 500 business owners each year (and has for over 30 years), he constantly receives feedback on the benefits and detriments of different legal and incentive techniques. His experience of engaging in this process over the last 30+ years provides a wealth of wisdom into how to use the right structures and techniques at the right time. He also routinely speaks to various organizations on these topics.

Richard received his undergraduate degree in history from the University of Colorado and his Juris Doctorate from Pepperdine University. Richard and Dave Brown have been partners at Brown & Streza in excess of 30 years working to benefit their business and estate planning clients, building Brown & Streza into a recognized business and estate and tax planning law firm in Orange County.

Richard lives in Rancho Carrillo, California in the middle of the Cleveland National Forrest on a mini ranch with his wife Nancy. His two daughters are grown, but he loves to spend time with them and his grandchildren. Richard is an active member of his community and pastors the local community church. Richard also is an active, instrument rated pilot and periodically returns to Colorado where he reconnects with family and his ranching roots.

Business Planning, Tax Planning, Risk Management, and Asset Protection

  • Business structuring of entities, corporations, limited liability companies, limited partnerships
  • Succession planning for business owners, internal business succession plans, buy/sell agreements, management incentive planning and documentation
  • General Counsel to closely held businesses

General Representative Transactions

  • Formation of appropriate entities, corporations, limited liability companies, and limited partnerships for operating companies and investments
  • Creation of succession plans for operating companies
  • Buy/Sell Agreements
  • Phantom Stock Plans
  • Stock Option Plans
  • Stock Bonus Plans
  • Asset Purchase Agreements
  • Stock Purchase Agreements
  • Gifting plans to children
  • Installment Sale Transaction
  • Medical Reimbursement Plans
  • Retirement Planning
  • Management Counseling
  • Incentive Compensation Plans
  • Employment Agreements
  • Manufacturing Representative Agreements

Specific Representative Transactions

  • Structured single location retail business in the mid 1980’s and acted as General Counsel, chairing various management committees as the company grew to in excess of 30 locations and $700 million in sales.
  • Structured and represented clients in $50 million plus sale of a company in 2008
  • Structured phantom stock plans in companies with values from $4 million to $180 million
  • General Counsel to numerous businesses with gross receipts of $5 million to over $700 million
  • Transferred $27 million real estate portfolio to successive generation with zero gift or estate tax
  • Structured transfer of $14 billion closely held business interests from older to succeeding generation and internal management group.
  • Structured the transfer of $6 million manufacturers representation company to internal management group
  • Structured transfer of a dairy valued in excess of $10 million from 2nd generation to 3rd generation with zero gift or estate tax
  • Brown and Streza, LLP, Partner – 1984 – present
  • Juris Doctorate, Pepperdine University – 1982
  • Bachelor of Arts, History, University of Colorado – 1978
  • 2010 - 2017 “Southern California Super Lawyer”
    • Published by Southern California Super Lawyers Magazine, The New York Times (Los Angeles and Orange County distribution), Los Angeles Magazine and The Journal for Law & Politics. Only 5% of the attorneys in Southern California (excluding San Diego) receive this prestigious honor.
  • Exit Planning Institute, Costa Mesa, California, February 4, 2016
    • The 5 Mistakes that business owners make when selling their business, and how to avoid them
  • 2014 AHA Conference, San Diego, California, March 13-14, 2014
    • Succession Planning for Closely Held Businesses
  • 2013 Wine Country Accounting & Tax Symposium, Temecula, California, November 2, 2013
    • Structuring Your Business in 2013
  • Citizens Business Bank Client Seminar, Irvine, California, June 6, 2013
    • Real Estate Structural Planning/How to Minimize Taxes for Current Income and Future Capital Gains
  • Prudential Financial office, Irvine, California, November 6, 2009
    • Business Succession Planning
  • Prudential Financial office, Irvine, California, July 24, 2009
    • Choice of Business Entities & Buy-Sell Agreements
    • Continuing education presentation delivered to insurance agents and financial planners
  • Singer Lewak office, Irvine, California, October 7, 2008
    • Succession Planning for Contractors
    • Client-centered presentation delivered to CPAs and business owners
  • Signature Resources Group, Irvine, California, June 2, 2008
    • Exiting Your Business Without Taxing Yourself
    • Continuing education presentation delivered to insurance agents and financial planners
  • Signature Resources Group, Irvine, California, May 5, 2008
    • Buy-Sell Agreements
  • Signature Resources Group, Irvine, California, April 4, 2008
    • Choice of Business Entities
  • California Society of CPAs, Orange County/Long Beach Chapter Financial Planning Interest Group, June 21, 2007
    • Business Succession Planning
    • Continuing education presentation delivered to CPAs
  • Financial Planning Association of Orange County Chapter, Irvine, California, May 16, 2007
    • Basic Business Entities
    • Exiting Your Business Without Taxing Yourself
    • Continuing education presentation delivered to CPAs and financial planners
  • Frequent seminars presented to attorneys, CPA, and financial planners on business planning and tax planning
  • Business Law Section, Orange County Bar – Member
  • American Bar Association – Member
  • California Bar Association – Member
  • Segerstrom Center for the Arts Corporate Council - Member