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25 | Licensing Program Analyst (LPA) Bonnie Tao and Licensing Program Manager (LPM) Fernando Fierros conducted an office meeting at the Monterey Park Adult & Senior Care office with Licensee Dr. Shin W. Kang, and Licensee Crystal Pak attended virtually via Face Time. The purpose of the office meeting is to discuss the ownership percentage of the facility with Licensee. Licensee is Goldwater SAG Holdings, LLC.
The following items were discussed during today’s meeting:
Ownership and percentage of owner for the limited liability corporation (LLC).
Licensee reported the LIC 309 dated 08/01/2020 which list Dr Shin W Kang as owning 91% and Crystal Pak as owning 9% of the Goldwater SAG Holdings, LLC was incorrect information provided to the department. The original LIC 309 dated June 03, 2020 did not reflect the correct managing members and percentages of ownership.
Managing Members Dr Shin W Kang and Crystal Pak informed the department of the following:
Licensee confirmed there have been no changes in the corporation since the effective date 02/24/21.
Licensee reported that Dr Shin W Kang owns 51% ownership and Crystal Pak owns 49 % of Goldwater SAG Holdings, LLC.
Licensee provided the following documents during the office meeting:
An updated LIC 309 Administrative Organization to reflect correct ownership percentages.
Licensing provided a copy of the following documents:
LIC 309 Administrative Organization dated 06/03/2020
LIC 309 Administrative Organization dated 08/01/2020
(-continued LIC 809C-) |