Dear visitor,

Thank you for stopping by. There isn’t much to click through here, and that’s on purpose. I would rather tell you plainly who I work with and how, and let you decide whether a conversation makes sense.

I’m a CPA, and I run a one-person practice in Minneapolis. My work is fund-level accounting and tax strategy for real estate operators: sponsors, syndicators and private equity groups who own property through partnerships and are building portfolios with real complexity behind them.

My clients tend to look something like this. They hold assets in multi-tier structures, usually a fund or holding entity sitting above several property-level partnerships. They have raised outside capital and owe their investors accurate capital accounts, clean K-1s and reporting they can rely on. Many of them file in more than one state. And they have grown past the point where a generalist preparer is comfortable with the work, without wanting the overhead and rotating staff of a large firm.

For those clients I do three things:

• Tax strategy. Entity structure design, operating agreement review, bonus depreciation planning, and exit and disposition planning. Most of the value here comes from decisions made well before a return is due.
• Fund operations and oversight. Capital account maintenance, waterfall calculations, investor reporting and audit readiness. For sponsors moving beyond simple joint ventures, I act as the technical backstop for their finance team.
• Compliance and filing. Complex partnership returns (Form 1065), multi-state apportionment, multi-tier structures and K-1 distribution to investors, prepared to stand up to scrutiny.

I’ve built a good deal of automation into the practice, which is how one person can handle work that would usually take a team. The judgment calls are still mine, and you deal with me directly. There are no junior staff learning on your engagement.

I’ll be candid: I’m at capacity, and I take on very few new clients. When I do, it’s because the fit is right on both sides. The work suits what I do well, and it looks like the kind of relationship that lasts for years. If your situation is mostly individual returns, or a few personally owned rental properties where you’re investing only your own money, I’m probably not the right CPA for you. My work centers on operators who raise outside capital and answer to investors. If that isn’t you yet, I’m glad to point you toward someone who’s a better fit.

That said, I’m always open to connecting, whether you’re an operator thinking a few years ahead, a fellow professional, or simply someone with a good question. If that’s you, please schedule a call. Current clients can sign in to the client portal as always.

Thanks again for reading.

Sincerely,

Dylan Brown, CPA