Len Rus, CPA, is a fierce advocate for his clients. With 34+ years of public accounting experience, Len helps high net worth families and business owners with tax and accounting strategies.
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Len loves to travel and has been all over the world. Most important lesson learned? Never drink the local drinks in Fiji.
Len Rus, CPA, has been working alongside high net worth families and privately-held businesses for over 34 years. Tax planning and preparation services, as well as business consulting and family office and administrative services, are just a few of the services Len offers to his clients.
Clients know Len as the person they call whenever they’re facing a tough accounting or tax issue. When asked what it’s like to work with Len, Emily Clark of The Three Amigos said, “Not every CPA would treat us the way Len treats us. We get great advice and quick responses from Len and his team — and not just at tax time.”
Len specializes in getting the next generation of high net worth families ready to take over the family business and wealth. Len prides himself on being a great listener, which comes in handy when he’s helping his family clients with the sometimes emotional aspects of transitioning wealth from one generation to the next. He also helps families manage their family office, including overseeing day-to-day details like banking, personal business services, etc.
As the firm’s managing partner, Len’s works to oversee the firm’s growth and foster the development of a new generation of firm leadership. Having joined the firm in 1986, one of Len’s passions is guiding staff members on how to succeed, both inside and outside the office.
Community service is important to Len. He is a member of Loyola’s John Early Society, composed of generations of alumni, faculty, administrators and staff who work to ensure Loyola’s continued advancement and reputation for the very best in education. He has also served on the board of Beth El Congregation.
More Fun Facts
With inflation running high, businesses everywhere are struggling to manage costs. Regardless of whether or not inflation is in check anytime soon, its effect on business revenue and savings requires planning and prioritizing now. We put together a checklist of potential ways you can manage the negative effects of inflation while identifying positive, long-term opportunities for your business.
I was on my way home the other day, talking with a client who was stressed about a major decision she was facing. After years of pouring her heart and soul, not to mention money, into building a successful family-owned business, she was ready to move on and pass it along to two of her children. She called to talk about the tax implications of selling the business, but instead of talking about capital gain, avoiding double taxes and minimizing tax liability, I steered the conversation in quite a different direction.
There’s no magic bullet for making your family-owned business hum smoothly along from one generation to the next. The good news? You can learn from successful family-owned businesses that have made it to the second, third, fourth and even fifth generations. I took some time to think about my most profitable family-owned business clients and identify what they all have in common. Here’s what I came up with.