Legacy Professionals LLP

What Legacy Professionals LLP does

Legacy Professionals LLP is a US Limited Liability Partnership and niche-focused certified public accounting firm headquartered in Westchester, Illinois, with additional offices in Schererville, Indiana, and Edina, Minnesota. The firm provides audit and accounting, tax compliance and planning, outsourced Client Accounting & Advisory Services (CAAS), payroll compliance audits, and additional agreed-upon procedures. Its competitive positioning is anchored on four vertical practices: Employee Benefit Plans (with a specialization in Taft-Hartley multiemployer plans), Labor Organizations (trade, service, public employee, and industrial unions), Not-for-Profit Organizations (trade associations, foundations, medical societies, charities), and a smaller Commercial/For-Profit practice.

Revenue is generated through professional services engagements (audit and accounting) and recurring managed services (CAAS). Pricing is quote-based and not publicly disclosed. Distribution is direct: partners engage clients year-round and represent the firm at IFEBP, AICPA, and state CPA society events. The firm serves hundreds of employee benefit plans, over 260 labor organizations, and hundreds of not-for-profit organizations. The firm is a member of the AICPA Employee Benefit Plan Audit Quality Center and the International Foundation of Employee Benefit Plans (IFEBP), and notably serves as the external auditor for IFEBP itself.

The firm employs 32 partners and principals and over 185 professionals (~217 total), operating from three Midwest offices while serving clients nationwide. It is privately held by its partners, with no identified external private equity or venture capital ownership, and has transitioned into its third generation of leadership under Managing Partner Tim Cibulka (since January 2016). Technology stack is described as standard CPA tooling including QuickBooks, with no proprietary platform or AI/ML capability disclosed.

Name

Legacy Professionals LLP

Legal name

Legacy Professionals LLP

Website

https://legacycpas.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Legacy Professionals LLP is a US niche CPA firm headquartered in Westchester, Illinois, with offices in Indiana and Minnesota, serving employee benefit plans (especially Taft-Hartley multiemployer plans), labor organizations, not-for-profits, and select commercial clients with audit, tax, CAAS, and payroll compliance audit services.

Ownership category

akta.pro rank

Headquarters

HQ city

Westchester

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Audit & Accounting Services: The firm provides audit and accounting services ranging from bookkeeping and financial statement preparation to full audits of financial statements for employee benefit plans, labor organizations, nonprofits, and commercial entities. Services include audits, reviews, compilations, and preparation of governmental forms including Form 5500, Form 990, and Form LM-2.
2. Client Accounting & Advisory Services (CAAS): Outsourced accounting and bookkeeping services provided to organizations, including virtual or in-person accounting, weekly/monthly/quarterly services, 1099 compliance, Form 990 preparation and compliance, bank reconciliations, payroll processing, and financial statements and reporting.
3. Tax Services: Tax compliance and planning services including federal, state, and local filings, Department of Labor filings, pension benefit guaranty corporation filings, tax planning, and representation before government agencies.
4. Payroll Compliance Audits: Dedicated payroll compliance audit services performed throughout the country for benefit plans, reviewing employer records to determine compliance with collective bargaining agreements and trust documents. The firm maintains separate staff of payroll compliance auditors in each of its three office locations.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Legacy Professionals LLP is a niche-focused certified public accounting firm that delivers audit, accounting, tax, and payroll compliance services to employee benefit plans, labor organizations, not-for-profits, and commercial clients. Service offerings range from bookkeeping and financial statement preparation to full audits (including Form 5500, Form 990, and Form LM-2), outsourced accounting and advisory (CAAS), tax compliance and planning, and dedicated payroll compliance audits. All services are delivered directly through partner-led engagements out of three U.S. offices.

Product overview

Legacy Professionals LLP is a niche-focused certified public accounting firm offering professional services primarily to employee benefit plans, labor organizations, not-for-profits, and commercial clients. The firm operates as a services-based practice rather than a software product company, providing five core service offerings: Audit & Accounting, Client Accounting & Advisory Services (CAAS), Tax Services, Payroll Compliance Audits, and Additional Services. These services are delivered through specialized practice areas serving distinct client segments, with operations across three office locations in Illinois, Indiana, and Minnesota.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Accounting Audit and accounting services ranging from bookkeeping and financial statement preparation to comprehensive audits of financial statements for employee benefit plans, labor organizations, nonprofits, and for-profit entities.
• Client Accounting & Advisory Services (CAAS) Outsourced accounting and bookkeeping services that use the organization's financial data and technology to deliver financial tools and guidance, including virtual or in-person, full or partial outsourced accounting support.
• Tax Services Tax compliance and planning services including federal, state, and local filings, Department of Labor filings, pension benefit guaranty corporation filings, tax-exempt filings, corporate formation analysis, and estate and gift tax filings, with representation before government agencies.
• Payroll Compliance Audits Dedicated payroll compliance audit program with staff in each of the firm's three office locations exclusively performing payroll compliance audits for benefit plans throughout the country, tailored to each client to review employer records for compliance with collective bargaining agreements and trust documents.
• Additional Services Additional agreed-upon procedures provided to clients upon request, supplementing the firm's core audit, tax, and advisory services.
• Employee Benefit Plans Practice Specialty practice providing independent auditing services for collectively bargained, multiemployer, single employer, and public benefit plans including Defined Benefit and Defined Contribution Pension Plans, 403(b) plans, Health and Welfare Benefit Plans, and other trust funds established through Labor and Management Collective Bargaining.
• Labor Organizations Practice Specialty practice providing audit and accounting services, DOL and IRS compliance guidance, internal control evaluation, Political Action Committee advisory, and representation during government examinations for trade, service, public employee, and industrial labor unions including local unions, regional councils, joint councils, joint boards, and international unions.
• Not-For-Profit Practice Specialty practice providing audit, accounting, and tax services to not-for-profit organizations including trade and professional associations, medical societies and associations, foundations, charitable organizations, and professional societies, with board training and guidance on reducing unrelated business income taxes.
• Commercial Practice Specialty practice providing accounting, tax, and management consulting services for for-profit entities in manufacturing, distribution, construction, professional service industries, and other commercial businesses, including business advisory, transition planning, entity selection, small business retirement planning, state and local taxes, and business owner succession planning.

Quantifiable outcome

• Successfully completed peer review

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• American Institute of Certified Public Accountants (AICPA)coreStrategic or Co-development PartnerLegacy is a member of the AICPA Employee Benefit Plan Audit Quality Center. The Center is the national organization for accounting firms that audit ERISA employee benefit plans. As a member, Legacy has a designated partner responsible for the benefit plan audit practice, establishes firm-wide training and quality control programs, and performs annual internal inspection procedures.
• International Foundation of Employee Benefit Plans (IFEBP)coreStrategic or Co-development PartnerLegacy is a member of IFEBP where partners serve on committees and speak at educational conferences and workshops. Legacy also serves as the auditor for IFEBP. Partner Eileen Brassil was appointed to serve on IFEBP's Professionals Committee.
• Association Forum of ChicagolandminorStrategic or Co-development PartnerMembers of Legacy's not-for-profit team are active in the Association Forum of Chicagoland and its committees, supporting professional development and networking in the nonprofit sector.
• Illinois CPA SocietyminorStrategic or Co-development PartnerLegacy professionals are members of the Illinois CPA Society and participate in committees. Partner Christine Ernst was appointed to the ICPAS Not-For-Profit Organizations Committee.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Eide Bailly LLP: Top-25 US accounting firm headquartered in the upper Midwest with a particularly strong Labor and Employee Benefit Plan audit practice serving Taft-Hartley multiemployer plans and nonprofits - directly comparable to Legacy's core niche and regional footprint.
• WithumSmith+Brown (Withum): Top-30 US accounting firm with a nationally recognized Employee Benefit Plan practice and significant labor organization audit specialty, competing for the same EBP and Taft-Hartley audit engagements as Legacy.
• Moss Adams LLP: Top-15 US accounting firm with an established EBP and labor union audit practice serving multiemployer plans, providing direct head-to-head competition for Legacy's employee benefit plan and labor organization clients.
• Crowe LLP: Top-10 US accounting firm headquartered in the Midwest with substantial EBP, government, and nonprofit audit practices that overlap directly with Legacy's client verticals.
• Plante Moran: Top-15 US accounting firm based in Michigan with established employee benefit plan, labor union, and nonprofit audit practices serving clients in the same Midwest geography as Legacy.
• Baker Tilly US: Top-15 US accounting firm headquartered in the Midwest with significant EBP, labor union, and nonprofit audit practice groups directly overlapping Legacy's core service lines.
• Doeren Mayhew CPAs: Michigan-based regional accounting firm with an established labor union and EBP audit practice serving Taft-Hartley multiemployer plans, mirroring Legacy's niche focus and Midwest base.
• Clark Schaefer Hackett: Midwest-headquartered (Cincinnati) accounting firm with EBP, labor, and nonprofit audit capabilities directly comparable to Legacy's practice mix and regional focus.
• Mayer Hoffman McCann (CBIZ): National accounting firm with a significant employee benefit plan audit specialty and labor organization client base, providing direct competition for Legacy's EBP and labor audit engagements.
• HBK CPAs & Consultants: Multi-office Midwest and East Coast accounting firm serving EBP, labor union, and nonprofit clients - directly comparable in practice mix, client verticals, and regional footprint to Legacy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/legacycpa
• Facebookfacebook.com/legacy-professionals-llp-144213932318825
• LinkedInlinkedin.com/company/legacy-professionals-llp

Revenue estimate

Valuation estimate

Number of profiles

Profiles33 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Legacy Professionals LLP