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Sirius Solutions, LLLP

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uuid000a4tg

Namestring
Sirius Solutions, LLLP
Legal namestring
eTeam Sirius Solutions LLC
Websiteurl
sirsol.com
Company typeenum
Private
Founded yearint
1998
Descriptiontext

Sirius Solutions, LLLP, founded in 1998 and headquartered in Houston, Texas, is a financial and operational management consultancy serving Fortune 1000 enterprises. The firm delivers five core service lines — Financial Advisory, Regulatory Compliance, Supply Chain, Transactions, and Transformation — through structured Statement of Work (SOW) engagements staffed by former Fortune 500 CFOs, Treasurers, Controllers, and SOX Auditors. Complementary to these consulting lines, Sirius offers technology-enabled modules including the Energy Load Management (ELM) SaaS platform for retail electric providers, SAP and SAP Ariba implementation services, HighRadius cash acceleration workflows, Sidetrade AI-driven Order-to-Cash solutions, forensic data analytics for fraud detection, and Tableau/Power BI-based analytics engagements.

Revenue is generated primarily through project-based professional services fees (quote-based, scope-dependent) supplemented by a recurring pay-as-you-grow subscription stream from the ELM platform. The go-to-market is direct enterprise sales targeting corporate leaders, with a content-driven marketing approach built around case studies and thought leadership articles. Sirius operates with 251-500 employees, has served 1,500+ corporate clients across 5,000+ projects, and supports 30+ industries. In February 2025, the firm's assets were acquired by eTeam, Inc., a global talent acquisition and workforce management firm; Sirius now operates as eTeam Sirius Solutions LLC, gaining access to eTeam's delivery infrastructure spanning 150+ countries. American Discovery Capital served as financial advisor to Sirius during the transaction.

Short descriptiontext

Sirius Solutions is a Houston-based management consultancy delivering financial advisory, regulatory compliance, supply chain, transactions, and transformation services to Fortune 1000 enterprises via SOW engagements staffed by former Fortune 500 executives. Now operating as eTeam Sirius Solutions LLC following its February 2025 acquisition.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersHouston, United States
HQ citystring
Houston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
financial advisory services, regulatory compliance consulting, supply chain consulting, transaction advisory services, business transformation consulting
Industry1 code
1Quality Control (QC), Compliance & Audit Tools for Underwriting
CodeFSALALALPrimaryNo
NAICS code2 codes
  • Management Consulting Services54161
  • Computer Systems Design and Related Services54151
SIC code2 codes
  • Services-Management Consulting Services8742
  • Services-Engineering, Accounting, Research, Management8700
Product category
Management Consulting Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1SOW-Based Consulting Services
TypeProfessional Services
Description

Professional consulting and advisory services delivered through structured Statement of Work (SOW) engagements. Services include financial advisory, regulatory compliance, supply chain optimization, transactions support, and transformation services. Revenue is generated on a project-by-project basis with engagements typically scoped for specific business outcomes.

sirsol.com
2Energy Load Management SaaS
TypeSubscription Recurring
Description

Software-as-a-Service subscription model for energy load forecasting and data management. Features a pay-as-you-grow fee structure providing flexibility in pricing and efficiency for retail electric providers.

sirsol.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Sirius Solutions is a financial and operational management consultancy that delivers five core service lines — Financial Advisory, Regulatory Compliance, Supply Chain, Transactions, and Transformation — through Statement of Work (SOW) engagements staffed by former Fortune 500 CFOs, Treasurers, Controllers, and senior specialists. The firm supplements these professional services with the proprietary Energy Load Management (ELM) SaaS platform for load forecasting and retail data management in the North American power market, along with embedded analytics and partner-enabled AI capabilities for cash acceleration, fraud detection, and ERP implementation.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 11 values shown
  • Clients have achieved cost savings of $30M+ in F&A costs while doubling revenue from $10B to $20B
+10 more records
Product overview1 text field

Sirius Solutions is a financial and operational management consultancy that has partnered with business leaders for over 25 years. The firm's core offering is a portfolio of five consulting service lines — Financial Advisory, Regulatory Compliance, Supply Chain, Transactions, and Transformation — delivered through a structured Statement of Work (SOW) engagement model by former Fortune 500 executives and specialists. Complementing these service lines, the firm offers specialized technology-enabled modules including Energy Load Management (ELM), a proprietary SaaS product for load forecasting in the North American power market; SAP/SAP Ariba implementation services; HighRadius cash acceleration workflows; Sidetrade AI-driven Order-to-Cash solutions; and forensic data analytics for fraud detection. Analytics tools including Tableau/Tableau GPT and Power BI are embedded within consulting engagements to drive financial decision-making. In February 2025, the assets of Sirius Solutions were acquired by eTeam, Inc., strengthening eTeam's SOW-based business transformation capabilities. The combined entity serves clients across more than 150 countries, with a focus on Fortune 1000 organizations.

Product and service6 records
1Financial Advisory
CategoryCore Consulting Service
Description

Provides vetted financial experts — former CFOs, Treasurers, and Controllers from Fortune 500 companies — for financial reporting optimization, resource optimization, and transaction support. Targets enterprises requiring senior-level financial leadership for complex and urgent initiatives.

2Regulatory Compliance
CategoryCore Consulting Service
Description

Delivers expertise in internal audit, SOX compliance, and regulatory reporting from former Controllers, Internal Auditors, and SOX Auditors. Addresses compliance burden, audit findings reduction, and procurement efficiency for regulated enterprises.

3Supply Chain
CategoryCore Consulting Service
Description

Covers procure-to-pay, supplier risk management, and supplier sourcing and contract management through Project Managers, Directors of Supply Chain, and Procurement Specialists. Targets enterprises seeking supply chain cost reduction and operational transformation.

4Transactions
CategoryCore Consulting Service
Description

Provides advisory on divestitures, integrations, IPOs, and mergers and acquisitions from former CFOs, VPs, and Strategy Leaders. Supports enterprise clients through complex corporate transactions and integration execution.

5Transformation
CategoryCore Consulting Service
Description

Covers financial transformation, organizational design, digital transformation, and project management to create value through innovation and strategic change. Delivered by Organizational Design Experts, System Integrators, Project Managers, and Process Analysts.

6Energy Load Management (ELM)
CategorySaaS Product
Description

A fully-hosted SaaS-based load forecasting and retail data management system for the North American power market. Provides accurate load profiling, aggregation, and diagnostic reporting for retail electric providers with a pay-as-you-grow fee structure.

Scale indicator15 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2025-02-14
Description

eTeam, a global leader in talent acquisition and workforce management, acquired the assets of Sirius Solutions. This strategic acquisition enhances eTeam's capabilities in delivering comprehensive workforce and business transformation solutions through an SOW-based model. The acquisition provides expanded service offerings, strategic business transformation capabilities, global reach in 150+ countries, cost efficiency, and rapid responsiveness.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2023-04-07
Description

Sirius Solutions L.L.L.P. announced a partnership with Salesforce to drive digital transformation for businesses seeking financial and operational performance optimization. The partnership focuses on excellence in Order-to-Cash processes extending beyond simplification and efficiency to actual digitalization.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2022-10-25
Description

Sirius Solutions partnered with Sidetrade to deliver AI-driven Order-to-Cash solutions across North America. The partnership addresses soaring demand for AI-powered financial operations optimization and cash acceleration.

Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Mid-sized consultancy with strong finance transformation, data/analytics and Salesforce/SAP delivery practices — directly comparable in size, methodology and Fortune 1000 focus.

TypeBroad incumbent
Description

Global strategy and transformation consultancy with finance, risk, supply chain and ERP practices — competes across all of Sirius's service lines at enterprise scale.

TypeDirect peer
Description

Provider of on-demand senior consulting and execution talent under SOW-style engagements — competes head-to-head with Sirius's interim-practitioner model across finance, compliance and transformation.

TypeBroad incumbent
Description

Big-4 advisory practice covering SOX, transactions, supply chain and digital transformation — competes for the same Fortune 1000 mandates but at much larger scale and broader portfolio.

TypeDirect peer
Description

Global advisory firm with strong finance transformation, transactions, compliance and restructuring practices serving large enterprises — directly overlaps Sirius's Financial Advisory, Transactions and Regulatory Compliance lines.

TypeDirect peer
Description

European-headquartered management and technology consultancy with deep finance transformation, regulatory and supply chain practices — comparable capability mix to Sirius.

TypeDirect peer
Description

Risk, compliance, internal audit and technology consulting firm serving Fortune 1000 — closely parallels Sirius's Regulatory Compliance and forensic data analytics practice.

TypeDirect peer
Description

Operations-focused consultancy with deep turnaround, transactions and interim-CFO capabilities — a direct match to Sirius's former-executive bench and transaction advisory offering.

TypeDirect peer
Description

US-listed management consulting firm serving Fortune 500 with financial advisory, operational transformation and healthcare/education practices — closest comparable in scale, vertical mix and SOW delivery model.

TypeDirect peer
Description

US-based consultancy serving Fortune 1000 across financial services, energy and healthcare with transformation and technology implementation services — comparable in scale, vertical mix and SOW delivery.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers11 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration10 records

Each record includes

Title, Type, Description, Source

AI capability7 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Sirius Solutions, LLLP

Management Consulting Servicessirsol.com

Sirius Solutions is a Houston-based management consultancy delivering financial advisory, regulatory compliance, supply chain, transactions, and transformation services to Fortune 1000 enterprises via SOW engagements staffed by former Fortune 500 executives. Now operating as eTeam Sirius Solutions LLC following its February 2025 acquisition.

What Sirius Solutions, LLLP does

Sirius Solutions, LLLP, founded in 1998 and headquartered in Houston, Texas, is a financial and operational management consultancy serving Fortune 1000 enterprises. The firm delivers five core service lines — Financial Advisory, Regulatory Compliance, Supply Chain, Transactions, and Transformation — through structured Statement of Work (SOW) engagements staffed by former Fortune 500 CFOs, Treasurers, Controllers, and SOX Auditors. Complementary to these consulting lines, Sirius offers technology-enabled modules including the Energy Load Management (ELM) SaaS platform for retail electric providers, SAP and SAP Ariba implementation services, HighRadius cash acceleration workflows, Sidetrade AI-driven Order-to-Cash solutions, forensic data analytics for fraud detection, and Tableau/Power BI-based analytics engagements.

Revenue is generated primarily through project-based professional services fees (quote-based, scope-dependent) supplemented by a recurring pay-as-you-grow subscription stream from the ELM platform. The go-to-market is direct enterprise sales targeting corporate leaders, with a content-driven marketing approach built around case studies and thought leadership articles. Sirius operates with 251-500 employees, has served 1,500+ corporate clients across 5,000+ projects, and supports 30+ industries. In February 2025, the firm's assets were acquired by eTeam, Inc., a global talent acquisition and workforce management firm; Sirius now operates as eTeam Sirius Solutions LLC, gaining access to eTeam's delivery infrastructure spanning 150+ countries. American Discovery Capital served as financial advisor to Sirius during the transaction.

Sirius Solutions, LLLP firmographics

Firmographics
Name
Sirius Solutions, LLLP
Legal name
eTeam Sirius Solutions LLC
Website
https://sirsol.com
Company type
Private
Founded year
1998
Operating status
Acquired
Headcount range
251–500 employees
Short description
Sirius Solutions is a Houston-based management consultancy delivering financial advisory, regulatory compliance, supply chain, transactions, and transformation services to Fortune 1000 enterprises via SOW engagements staffed by former Fortune 500 executives. Now operating as eTeam Sirius Solutions LLC following its February 2025 acquisition.
Ownership category
akta.pro rank

Where Sirius Solutions, LLLP is headquartered

Location

Headquarters

HQ city
Houston
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Sirius Solutions, LLLP business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

  1. SOW-Based Consulting Services: Professional consulting and advisory services delivered through structured Statement of Work (SOW) engagements. Services include financial advisory, regulatory compliance, supply chain optimization, transactions support, and transformation services. Revenue is generated on a project-by-project basis with engagements typically scoped for specific business outcomes.
  2. Energy Load Management SaaS: Software-as-a-Service subscription model for energy load forecasting and data management. Features a pay-as-you-grow fee structure providing flexibility in pricing and efficiency for retail electric providers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Sirius Solutions, LLLP product offering

Product offering

Core offering

Sirius Solutions is a financial and operational management consultancy that delivers five core service lines — Financial Advisory, Regulatory Compliance, Supply Chain, Transactions, and Transformation — through Statement of Work (SOW) engagements staffed by former Fortune 500 CFOs, Treasurers, Controllers, and senior specialists. The firm supplements these professional services with the proprietary Energy Load Management (ELM) SaaS platform for load forecasting and retail data management in the North American power market, along with embedded analytics and partner-enabled AI capabilities for cash acceleration, fraud detection, and ERP implementation.

Product overview

Sirius Solutions is a financial and operational management consultancy that has partnered with business leaders for over 25 years. The firm's core offering is a portfolio of five consulting service lines — Financial Advisory, Regulatory Compliance, Supply Chain, Transactions, and Transformation — delivered through a structured Statement of Work (SOW) engagement model by former Fortune 500 executives and specialists. Complementing these service lines, the firm offers specialized technology-enabled modules including Energy Load Management (ELM), a proprietary SaaS product for load forecasting in the North American power market; SAP/SAP Ariba implementation services; HighRadius cash acceleration workflows; Sidetrade AI-driven Order-to-Cash solutions; and forensic data analytics for fraud detection. Analytics tools including Tableau/Tableau GPT and Power BI are embedded within consulting engagements to drive financial decision-making. In February 2025, the assets of Sirius Solutions were acquired by eTeam, Inc., strengthening eTeam's SOW-based business transformation capabilities. The combined entity serves clients across more than 150 countries, with a focus on Fortune 1000 organizations.

Differentiator

Problem solved

Functional benefit

Products and services

  • Financial Advisory Provides vetted financial experts — former CFOs, Treasurers, and Controllers from Fortune 500 companies — for financial reporting optimization, resource optimization, and transaction support. Targets enterprises requiring senior-level financial leadership for complex and urgent initiatives.
  • Regulatory Compliance Delivers expertise in internal audit, SOX compliance, and regulatory reporting from former Controllers, Internal Auditors, and SOX Auditors. Addresses compliance burden, audit findings reduction, and procurement efficiency for regulated enterprises.
  • Supply Chain Covers procure-to-pay, supplier risk management, and supplier sourcing and contract management through Project Managers, Directors of Supply Chain, and Procurement Specialists. Targets enterprises seeking supply chain cost reduction and operational transformation.
  • Transactions Provides advisory on divestitures, integrations, IPOs, and mergers and acquisitions from former CFOs, VPs, and Strategy Leaders. Supports enterprise clients through complex corporate transactions and integration execution.
  • Transformation Covers financial transformation, organizational design, digital transformation, and project management to create value through innovation and strategic change. Delivered by Organizational Design Experts, System Integrators, Project Managers, and Process Analysts.
  • Energy Load Management (ELM) A fully-hosted SaaS-based load forecasting and retail data management system for the North American power market. Provides accurate load profiling, aggregation, and diagnostic reporting for retail electric providers with a pay-as-you-grow fee structure.

Quantifiable outcome

  • Clients have achieved cost savings of $30M+ in F&A costs while doubling revenue from $10B to $20B
  • +10 more outcomes

Companies that use Sirius Solutions, LLLP

Customer profile

Named customers11 records

Segments4 records

Ideal customer profiles1 record

Sirius Solutions, LLLP technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability7 records

Feature3 records

Sirius Solutions, LLLP partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered flagship and core.

  • eTeamflagshipStrategic or Co-development Partner · 14 February 2025eTeam, a global leader in talent acquisition and workforce management, acquired the assets of Sirius Solutions. This strategic acquisition enhances eTeam's capabilities in delivering comprehensive workforce and business transformation solutions through an SOW-based model. The acquisition provides expanded service offerings, strategic business transformation capabilities, global reach in 150+ countries, cost efficiency, and rapid responsiveness.
  • SalesforcecoreTechnology or Integration · 7 April 2023Sirius Solutions L.L.L.P. announced a partnership with Salesforce to drive digital transformation for businesses seeking financial and operational performance optimization. The partnership focuses on excellence in Order-to-Cash processes extending beyond simplification and efficiency to actual digitalization.
  • SidetradecoreTechnology or Integration · 25 October 2022Sirius Solutions partnered with Sidetrade to deliver AI-driven Order-to-Cash solutions across North America. The partnership addresses soaring demand for AI-powered financial operations optimization and cash acceleration.

Scale indicators15 records

Recent moves2 records

Expansion highlights5 records

Sirius Solutions, LLLP competitors and assessment

Company assessment

Direct peers

  • Slalom Consulting: Mid-sized consultancy with strong finance transformation, data/analytics and Salesforce/SAP delivery practices — directly comparable in size, methodology and Fortune 1000 focus.
  • Resources Connection (RGP): Provider of on-demand senior consulting and execution talent under SOW-style engagements — competes head-to-head with Sirius's interim-practitioner model across finance, compliance and transformation.
  • FTI Consulting: Global advisory firm with strong finance transformation, transactions, compliance and restructuring practices serving large enterprises — directly overlaps Sirius's Financial Advisory, Transactions and Regulatory Compliance lines.
  • BearingPoint: European-headquartered management and technology consultancy with deep finance transformation, regulatory and supply chain practices — comparable capability mix to Sirius.
  • Protiviti: Risk, compliance, internal audit and technology consulting firm serving Fortune 1000 — closely parallels Sirius's Regulatory Compliance and forensic data analytics practice.
  • Alvarez & Marsal: Operations-focused consultancy with deep turnaround, transactions and interim-CFO capabilities — a direct match to Sirius's former-executive bench and transaction advisory offering.
  • Huron Consulting Group: US-listed management consulting firm serving Fortune 500 with financial advisory, operational transformation and healthcare/education practices — closest comparable in scale, vertical mix and SOW delivery model.
  • West Monroe: US-based consultancy serving Fortune 1000 across financial services, energy and healthcare with transformation and technology implementation services — comparable in scale, vertical mix and SOW delivery.

Broad incumbents

  • Deloitte Consulting: Global strategy and transformation consultancy with finance, risk, supply chain and ERP practices — competes across all of Sirius's service lines at enterprise scale.
  • KPMG Advisory: Big-4 advisory practice covering SOX, transactions, supply chain and digital transformation — competes for the same Fortune 1000 mandates but at much larger scale and broader portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Sirius Solutions, LLLP social profiles

Digital presence

Sirius Solutions, LLLP financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Sirius Solutions, LLLP leadership team

Management profile

Number of profiles

Profiles9 records

Sirius Solutions, LLLP funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Sirius Solutions, LLLP M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Sirius Solutions, LLLP

What does Sirius Solutions, LLLP do?

Sirius Solutions is a financial and operational management consultancy that delivers five core service lines — Financial Advisory, Regulatory Compliance, Supply Chain, Transactions, and Transformation — through Statement of Work (SOW) engagements staffed by former Fortune 500 CFOs, Treasurers, Controllers, and senior specialists. The firm supplements these professional services with the proprietary Energy Load Management (ELM) SaaS platform for load forecasting and retail data management in the North American power market, along with embedded analytics and partner-enabled AI capabilities for cash acceleration, fraud detection, and ERP implementation.

Is Sirius Solutions, LLLP a public or private company?

Sirius Solutions, LLLP is a private company. It is classified as corporate owned and is currently acquired.

When was Sirius Solutions, LLLP founded?

Sirius Solutions, LLLP was founded in 1998. It employs 251 to 500 people.

Where is Sirius Solutions, LLLP based?

Sirius Solutions, LLLP is headquartered in Houston, United States, in the North America region.

How does Sirius Solutions, LLLP make money?

Two revenue lines are on record. SOW-Based Consulting Services are the primary driver. The others are energy Load Management SaaS.

Who are Sirius Solutions, LLLP's main competitors?

Direct peers on record are Slalom Consulting, Resources Connection (RGP), FTI Consulting, BearingPoint, Protiviti, Alvarez & Marsal, Huron Consulting Group and West Monroe. Broad incumbents are Deloitte Consulting and KPMG Advisory.

Does Sirius Solutions, LLLP have an API?

No public API is recorded for Sirius Solutions, LLLP.

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Live signals
CurrentfederaltaxdevelopmentsRehearing Reversal: The Fifth Circuit’s Substitutive Management Test for the Limited Partner Self-Employment Tax Exception — Current Federal Tax DevelopmentsThe United States Court of Appeals for the Fifth Circuit withdrew its January 2026 opinion and substituted a new ruling in K Alain, L.L.L.P. v. Commissioner, establishing that the self-employment tax exception for limited partners depends on whether they play a significant role in managing the business rather than solely on state-law limited liability. This decision vacated and remanded the Tax Court's previous judgment against Sirius Solutions, L.L.L.P., rejecting both the prior circuit standard and the Tax Court's strict "passive investor" test in favor of a managerial versus non-managerial distinction. The ruling fundamentally reshapes federal tax liability for partners in limited partnerships within the Fifth Circuit's jurisdiction.EIN PresswireeTeam Sirius Solutions, LLC, Expands its Financial Advisory Capabilities Naming Ian Burnett as Managing DirectoreTeam Sirius Solutions named Ian Burnett Managing Director of Financial Advisory, bringing over 20 years of experience in risk management, audit, and business transformation. He previously worked at KPMG, Deloitte, and other firms, and will help drive strategic growth and client partnerships.EIN PresswireeTeam Sirius Solutions, LLC, Expands its Enterprise Growth Capabilities Naming Sherri Bohlke as Client PartnereTeam Sirius Solutions named Sherri Bohlke as Client Partner to accelerate strategic market growth and deepen client partnerships. Bohlke brings extensive enterprise sales and recruitment experience, including nearly three decades with Robert Half. She will leverage her expertise in AI-driven transformation and CRM platforms to support the firm's expansion.JD SupraThe Fifth Circuit says this is Sirius business: The IRS loses its fight against the limited partner exception to Self-Employment Contributions Act (SECA)The United States Court of Appeals for the Fifth Circuit reversed the Tax Court's ruling in Sirius Solutions, L.L.L.P. v. Commissioner, holding that limited partnership income is exempt from Self-Employment Contributions Act (SECA) tax if the partner has limited liability under state law, rather than applying a functional analysis test. The court found the Tax Court's approach unworkable because limited partners could not determine their tax liability without extensive professional assistance, and the majority focused on statutory text and longstanding IRS interpretations. The decision is a significant win for Fifth Circuit taxpayers, but the Tax Court's functional analysis test from Soroban remains applicable in other jurisdictions while both Denham and Soroban are on appeal.JD SupraFifth Circuit Strikes Back on SECA Limited Partner ExceptionThe Fifth Circuit in Sirius Solutions LLLP v. Commissioner issued a landmark ruling on the Self-Employment Contributions Act (SECA) limited partner exception, holding that a taxpayer qualifies if it is a limited partner in a state-law limited partnership afforded limited liability, regardless of whether it is a passive investor. The court rejected the IRS and Tax Court's "functional analysis" approach, which had required state law limited partners to perform only passive activities to claim the exception. The decision, which is the first U.S. federal appellate ruling on this issue, is binding on taxpayers within the Fifth Circuit's jurisdiction and may prompt affected taxpayers to revisit their structures, while similar cases remain pending in the First and Second Circuits.JD SupraA Sirius Shift: Fifth Circuit Overrules The Tax Court In Defining “Limited Partner” For Self-Employment Tax PurposesOn January 16, 2026, the Fifth Circuit decided Sirius Solutions, L.L.L.P. v. Commissioner, vacating the Tax Court's decision that had denied limited partners the benefit of the limited partner exception to self-employment taxes under section 1402(a)(13) of the Internal Revenue Code. The Fifth Circuit rejected the Tax Court's functional test, which required analyzing a partner's activities to determine if they qualified as a "limited partner," and instead adopted a text-based definition holding that a limited partner is simply a partner in a limited partnership with limited liability, regardless of their actual role in the partnership. The decision applies only within the Fifth Circuit's jurisdiction, while the meaning of "limited partner" remains contested in the First and Second Circuits, with potential for Supreme Court review if a circuit split develops.ProskauertaxtalksFifth Circuit in Sirius Solutions Reverses Tax Court and Exempts Limited Partners from Self-Employment TaxOn January 16, 2026, the U.S. Court of Appeals for the Fifth Circuit reversed the Tax Court in Sirius Solutions, L.L.L.P. v. Commissioner, holding that a "limited partner" for self-employment tax purposes means a partner in a limited partnership with limited liability, regardless of their level of involvement in the partnership's business. The court rejected the Tax Court's "functional analysis" test and allowed limited partners who also worked for the consulting firm to avoid self-employment tax on their distributive shares, except for guaranteed payments. This decision creates a circuit split as similar cases applying the Tax Court's functional analysis approach are pending in the First and Second Circuits, and the Tax Court's precedent remains the law in all circuits except the Fifth.The National Law ReviewFifth Circuit Reverse Tax Court Decision on Self-Employment TaxesOn January 16, 2026, the U.S. Court of Appeals for the Fifth Circuit reversed the Tax Court in Sirius Solutions, L.L.L.P. v. Commissioner, holding that a "limited partner" for self-employment tax purposes means a partner in a limited partnership with limited liability. The decision rejected the Tax Court's "functional analysis" test and allows limited partners with limited liability in a consulting firm to avoid self-employment tax on their distributive income allocations. The ruling is particularly significant for fund managers who hold interests in their manager as limited partners, though the decision conflicts with the Tax Court's "Soroban" line of cases and similar cases remain pending before the First and Second Circuits.MorganlewisLimited Partners Win Self-Employment Tax Battle, War Continues, Bloomberg LawThe Fifth Circuit ruled in Sirius Solutions LLLP v. Commissioner that limited partners in limited liability partnerships should be exempt from self-employment taxes. The ruling provides near-term clarity for limited partners in hedge funds and private equity firms. However, pending cases in two other federal appeals courts could create a split that would require the US Supreme Court to ultimately decide the issue.CurrentfederaltaxdevelopmentsFifth Circuit Vacates Tax Court in Sirius Solutions: A Return to Statutory Text for Section 1402(a)(13) — Current Federal Tax DevelopmentsThe Fifth Circuit vacated the Tax Court's decision in Sirius Solutions, L.L.L.P. v. Commissioner, rejecting the IRS's "passive investor" test for Section 1402(a)(13) self-employment tax exclusions and holding instead that "limited partner" means a partner in a state-law limited partnership with limited liability. The court applied textualist interpretation, relying on 1977 dictionary definitions and longstanding IRS/SSA regulatory definitions that consistently identified limited liability—not lack of participation—as the defining characteristic. The ruling, which creates a circuit split with the Tax Court's Soroban decision, means limited partners in validly formed state-law limited partnerships within the Fifth Circuit may now claim the SE tax exclusion regardless of their level of activity in the business.