# CORINTHIAN PARTNERS, L.L.C. X-17A-5 (2026-04-06) — Broker-dealer annual report - Company: CORINTHIAN PARTNERS, L.L.C. - Form: X-17A-5 - Filed: 2026-04-06 - Period: 2024-12-31 - Accession: 0000948391-26-000002 - CIK: 948391 - File #: 8-48461 - Type: Broker-dealer - Material weakness: No - Auditor: Rubio CPA PC - Auditor location: Atlanta, GA - Contact: Ana R Carter - Phone: 813-442-1645 - Email: aearter@corlnthlanpartnere.com - Website: corlnthlanpartnere.com - Signed by: Mitchell Manoff (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/948391/000094839126000002/corinthian.pdf --- {0}------------------------------------------------ | | UNITED STATES | | | | |---------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|----------------------|----------------------------------------------------------|--| | | SECURITIES ANO EXCHANGE COMMISSION | | OM8 N11mber: 3235•0123
Expires: NQv. 30, 2026 | | | | Washington, D.c. 20549 | | Ectlmetttd 11vt1rage burder,
houri per re1por,1a, J l | | | | ANNUAL REPORTS | | SEC FILE NUM&ER | | | | FORM X-17A s | | 8-48461 | | | | PART Ill | | | | | | | | | | | | FACING PAGE
Information Required Pursuant to Rules 11,.s, 171-12, and 18a-7 under the Securities E>Cchange Act of 1934 | | | | | FILING FOR THE PERIOD BEGINNING 01 /01 /24 | | ANO ENDING 12/31 /24 | | | | | MM/0D/VV | | MM/00/YV | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | | | | NAME oF FIRM: Corinthian Partners, LLC | | | | | | TYPE OF REGISTRANT (check all applicable boxes): | | | | | | fil Broker-dealer | □ Security-based swap dealer | | CJ Major se11:urity•bosed ,wap participant | | | □ Check here If rur:,ondent Is 11,o an OTC derivatives dealer | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | 275 Madison Avenue, 8th Floor | | | | | | | (No, ond Street) | | | | | New York | NY | | 10016 | | | (City) | | | (Zip Code) | | | | | | | | | PERSON TO CONTACT WITH REGARD TO THIS FILI NG | | | | | | Ana R Carter | 813-442-1645 | | aearter@corlnthlanpartnere.com | | | | (Are• Code• Teler:,hone Number) | | (Emall Address) | | | | 8, ACCOUNTANt IDENTIFICATION | | | | | | INO!!Pf!NOENT PUBLIC ACCOUNTANT who.se reports are c;ontained in thi\$ filing• | | | | | | | | | | | Rubio CPA P.C. | | | | | | | (Name - If lndlvldual, state l1\$t, fl rst, and middle narne) | | | | | 3500 Lenox Road NE, Ste 1500 Atlanta | | GA | 30326 | | | (Address)
05/05/2009 | (City) | (State) | (Zit) Code) | | | | | 3514 | | | | (Date of R lstratlon with PCAOB If a llcable | FOR OFFICIAL USE ONLY | | PCAOlf Re lstritlon Number lfa llcable | | | | | | | | | | ., Cl;,lms for e>Exchange Commission ….……………………………………………………………………………12 | | | Schedule II - Computation for determination of reserve requirements and information
relating to the possession or control requirements under SEC Rule 15c3-3 13 | | | Report of Independent Registered Public Accounting Firm regarding Rule 15c3-3
exemption report 14 | | | Exemption report 15 | | {4}------------------------------------------------ # **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-8995 ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Corinthian Partners, LLC ## Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Corinthian Partners, LLC (the "Company") as of December 31, 2024, the related statements of operations, changes in member's equity, and cash flows for the year then ended and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. ## Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement to the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. ## Supplemental Information The information contained in Schedules I and II has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the information in Schedules I and II reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the accompanying schedules. In forming our opinion on the accompanying schedules, we evaluated whether the supplementai inforn1ation, including its form and content, is presented {5}------------------------------------------------ in conformity with 17 C.F.R. §240.17a-5. In our opinion, the aforementioned supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2024. April I, 2025 Atlanta, Georgia ![](_page_5_Picture_3.jpeg) {6}------------------------------------------------ ## STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2024 ## ASSETS | CORINTHIAN PARTNERS, LLC
----------------- | | |-------------------------------------------------------|---------------| | STATEMENT OF FINANCIAL CONDITION
DECEMBER 31, 2024 | | | ASSETS | | | Cash | \$
25,484 | | Accounts receivable | 711 | | Due from clearing firm | 54,107 | | Securities owned | 2,909 | | Due from affiliate | 6,217 | | Deposits with clearing firm | 50,000 | | Right of use asset | 66,282 | | Prepaid expenses and deposits | 20,737 | | TOTAL ASSETS | \$
226,447 | | LIABILITIES AND MEMBER'S EQUITY | | | Accounts payable and accrued expenses | \$
63,493 | | Commissions payable | 28,860 | | Due to affiliate | 19,014 | | Lease liability | 66,395 | | Total liabilities | 177,762 | | Member's equity | 48,685 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | \$
226,447 | The accompanying notes are an integral part of these financial statements. {7}------------------------------------------------ # ----------------- STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2024 | CORINTHIAN PARTNERS, LLC | | |-----------------------------------------------|---------------| | FOR THE YEAR ENDED DECEMBER 31, 2024 | | | REVENUES: | | | Commissions | \$
625,232 | | Interest | 69,895 | | Private placements | 27,884 | | Mutual fund fees | 23,960 | | Other | 11,229 | | Loss on securities owned | (2,709) | | Total revenues | 755,491 | | EXPENSES: | | | Commissions, compensation, and benefits | 614,450 | | Floor brokerage, exchange, and clearance fees | 45,101 | | Occupancy | 30,336 | | Technology and communications | 49,596 | | Other | 272,053 | | Total expenses | 1,011,536 | | LOSS BEFORE INCOME TAXES | (256,045) | | Local income taxes | - | | | | The accompanying notes are an integral part of these financial statements. {8}------------------------------------------------ ## STATEMENT OF CHANGES IN MEMBER'S EQUITY FOR THE YEAR ENDED DECEMBER 31, 2024 | | CORINTHIAN PARTNERS, LLC | | |----------------------------|------------------------------------------------------------------------------------------------------|--| | | -----------------
STATEMENT OF CHANGES IN MEMBER'S EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2024 | | | | | | | Balance, January 1, 2024 | \$
104,263 | | | Contributions
Net loss | 200,467
(256,045) | | | Balance, December 31, 2024 | \$
48,685 | | | | | | The accompanying notes are an integral part of these financial statements. {9}------------------------------------------------ ## ----------------- ## STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2024 ## CASH FLOWS FROM OPERATING ACTIVITIES: | CORINTHIAN PARTNERS, LLC
-----------------
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
\$
(256,045)
Adjustments to reconcile net loss
to net cash
used
by operating activities:
Change in accounts receivable
(711)
Change in due from clearing firm
27,151
Change in securities owned
2,709
Change in due from affiliate
9,008
Change in right of use asset
(66,282)
Change in prepaid expenses and deposits
(2,031)
Change in accounts payable and accrued expenses
(10,986)
Change in commissions payable
28,860
Change in due to affiliate
19,014
Change in lease liability
66,395
Net cash used by operating activities
(182,918)
CASH FLOWS FROM BY
FINANCING ACTIVITIES:
Contributions
200,467
Net cash provided
by financing activities
200,467
NET INCREASE
IN CASH
17,549
CASH, beginning of year
7,935
CASH, end of year
\$
25,484 | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Non-cash financing activity: | | Contributions of expenses forgiven by member
\$
51,277 | The accompanying notes are an integral part of these financial statements. {10}------------------------------------------------ ## NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS ACTIVITY Corinthian Partners, LLC (the "Company") engages primarily as a broker or dealer in retailing corporate equity securities and mutual funds as well as in the private placement of securities. The Company is a broker-dealer registered with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is also a member of the Securities Investor Protection Corporation ("SIPC"). The Company is a single member limited liability company and is a wholly owned subsidiary of Corinthian Holdings, LLC (the "Member"). As a limited liability company, the Member's liability is limited to its investment. ## NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ## Basis of Presentation The financial statements are presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("US GAAP") as determined by the Financial Accounting Standards Board ("FASB"). ## Cash The Company maintains its bank accounts at a high credit quality financial institution. The balances, at times, may exceed the federally insured limits. ## Revenue Recognition Revenue from contracts with customers includes commission and concession income and fees from private placement services. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; whether revenue should be presented gross or net of certain costs; and whether constraints on variable consideration should be applied due to uncertain future events. ## Commissions: The Company buys and sells securities on behalf of its customers. Each time a customer enters into a buy or sell transaction, the Company charges a commission. Commissions and related clearing expenses are recorded on the trade date (the date that the Company fulfills the trade order by finding and contracting with a counterparty and confirms the trade with the customer). The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership of the securities have been transferred to/from the customer. ## Mutual Fund (pooled investment vehicles) and 12b1 fees: Mutual funds or pooled investment vehicles (collectively, "funds") have entered into agreements with the Company to distribute/sell its shares to investors. The Company may receive distribution fees paid by the funds upfront, over time, upon the investor's exit from the fund (that is, a contingent deferred sales charge), or as a combination thereof. The Company believes its performance obligation is the sale of securities to investors and as such this is fulfilled on the trade date. Any fixed amounts are recognized on the trade date {11}------------------------------------------------ ## NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) ## Revenue Recognition (Continued) ## Mutual Fund (pooled investment vehicles) and 12b1 fees (continued): and variable amounts are recognized to the extent it is probable that a significant revenue reversal will not occur once the uncertainty is resolved. For variable amounts, as the uncertainty is dependent on the value of the shares at future points in time as well as the length of time the investor remains in the fund, both of which are highly susceptible to factors outside the Company's influence, the Company does not believe that it can overcome this constraint until the market value of the fund and the investor activities are known, which are usually quarterly or monthly. ## Private Placements: Private placement revenue primarily consists of selling commissions and marketing allowance fees for the sale of interests in an offering. The Company recognizes private placement revenue upon the sale of each interest as this satisfies the only performance obligation identified by the Company. ## Securities Owned Securities owned consist of common stock. The securities owned are valued at market value. The resulting difference between cost and market (or fair value) is included in income. Proprietary securities transactions are recorded on the trade date as if they had settled. ## Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. Actual results could differ from those estimates. ## Accounts Receivable and Allowance for Credit Losses Accounts receivable are non-interest bearing uncollateralized obligations receivable in accordance with the terms agreed upon with each customer. The Company regularly reviews its accounts receivable for any uncollectible amounts. The review for uncollectible amounts is based on the Company's collection experience, customer credit worthiness and current economic trends. Based on management's review, no allowance for credit losses is considered to be necessary as of December 31, 2024. ## Income Taxes The Company is a single member limited liability company. As a single member limited liability company, the tax consequences of the Company's operations pass through to the Member. Accordingly, the Company's financial statements do not include a provision for federal income taxes. The Company's Member is subject to a 4% unincorporated business tax for all income attributable to New York City. The Company calculates the provision for the unincorporated business tax on income by using a "separate return" method. Under this method, the Company is assumed to file a separate return with the local tax authority, thereby reporting the Company's taxable income and paying the applicable tax to the Member. The Company's current provision is the amount of tax payable on the basis of a hypothetical, current-year separate return. {12}------------------------------------------------ ## NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) ## Income Taxes (Continued) Under the provisions of FASB Accounting Standards Codification 740-10 ("ASC 740-10"), Accounting for Uncertainty in Income Taxes, the Company is required to evaluate each of its tax positions to determine if they are more likely than not to be sustained if the taxing authority examines the respective position. A tax position includes an entity's status, including its status as a pass-through entity, and the decision not to file a tax return. The Company has evaluated each of its tax positions and has determined that it has no uncertain tax positions for which a provision or liability for income taxes is necessary ## Subsequent Events Subsequent events were evaluated through the date the financial statements were issued. ## NOTE 3 – FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET CREDIT RISK As a securities broker, the Company is engaged in buying and selling securities for a diverse group of individuals, corporations and institutions. The Company introduces all customer transactions in securities traded on U.S. securities markets to another firm (the "clearing broker") on a fully disclosed basis. The agreement between the Company and its clearing broker provides that the Company is obligated to assume any exposure related to nonperformance by customers or counter parties. The Company monitors clearance and settlement of all customer transactions on a daily basis. The Company's exposure to credit risk associated with the non-performance of customers and counter parties in fulfilling their contractual obligations pursuant to these securities transactions can be directly impacted by volatile trading markets which may impair the customer's or counter party's ability to satisfy their obligations to the Company. In the event of non-performance, the Company may be required to purchase or sell financial instruments at unfavorable market prices resulting in a loss to the Company. The Company does not anticipate non-performance by customers and counter parties in the above situations. The Company seeks to control the aforementioned risks by requiring customers or counter parties to maintain collateral in compliance with regulatory requirements, the clearing broker's guidelines and industry standards. The Company has a policy of reviewing the credit standing of each customer and counter party with which it conducts business. ## NOTE 4 – RECEIVABLE FROM CLEARING BROKER AND CLEARANCE AGREEMENT The Company has an agreement with a clearing broker to execute and clear, on a fully disclosed basis, customer accounts of the Company. In accordance with this agreement, the Company is required to maintain a deposit in cash or securities. Amounts receivable from its clearing broker at December 31, 2024 consist of commissions receivable and funds on deposit in various accounts. The receivable is considered fully collectible at December 31, 2024 and no allowance is required. {13}------------------------------------------------ ## NOTE 5 – NET CAPITAL REQUIREMENTS The Company, as a registered broker dealer, is subject to the Securities and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. At December 31, 2024, the Company had net capital of \$18,706 which was \$11,274 in excess of its required minimum net capital of \$7,432. The Company's ratio of aggregate indebtedness to net capital was 5.96 to 1.00 as of December 31, 2024. ## NOTE 6 – RELATED PARTY TRANSACTIONS The Company has an expense sharing agreement ("ESA") with Corinthian Partners Asset Management, LLC ("CPAM"), a registered investment advisor affiliated with Company through common ownership, and its Member. Under the ESA, the Company allocates rent, compensation and certain other operating expenses to CPAM that are paid for by the Company. During the year ended December 31, 2024, the Company allocated approximately \$1,050 in rent, approximately \$21,174 in compensation, and approximately \$17,008 in certain other operating expenses to CPAM that have been offset against their respective expense categories within the accompanying statement of operations. The due from affiliate at December 31, 2024 in the amount of \$6,217 arises from this agreement. In addition, the Company collects advisory fees generated by CPAM through the Company's clearing agreement. The due to affiliate at December 31, 2024 in the amount of \$19,014 arises from advisory fees generated by CPAM that have been collected by the Company. During the year ended December 31, 2024, CPAM assigned a receivable from the Company in the amount of approximately \$24,191 to the Company's Member pertaining to advisory fees generated by CPAM that were collected by the Company. This receivable was forgiven by the Member and recorded as capital contribution by the Company. The Company's Member at times pays for or assumes operating expenses of the Company for which it subsequently forgives the amount to which it is entitled to be reimbursed. The Member paid or assumed approximately \$51,277 of operating expenses of the Company during the year ended December 31, 2024 which were forgiven by the Member and recorded as capital contributions by the Company. Financial condition and results of operations could differ from the amounts in the accompanying financial statements if these related party transactions did not exist. ## NOTE 7 – LEASES The Company subleases office space and leases office equipment under non-cancelable operating leases with initial non-cancelable terms in excess of one year. The Company determines if an arrangement is a lease, or contains a lease, at inception of a contract and when the terms of an existing contract are changed. The Company recognizes a lease liability and a right-of-use (ROU) asset at the commencement date of the lease. The lease liability is initially and subsequently recognized based on the present value of its future lease payments. Variable payments are included in the future lease payments when those variable payments depend on an index or rate. The discount rate is the implicit rate if it is readily determinable or otherwise the Company uses its incremental borrowing rate. The Company has determined that the implicit rate of the lease is not readily determinable and accordingly, uses the incremental borrowing rate based on the information available at the commencement date of its leases. The Company's incremental borrowing rate for a lease is the rate of interest it would have to pay on a collateralized basis to borrow an amount equal to the lease payments under similar terms and in a similar economic environment. The Company estimated its incremental borrowing rate to be 6%. The ROU asset is subsequently measured throughout the lease term at the amount of the remeasured lease liability (i.e., present value of the remaining lease payments), less the unamortized balance of lease incentives received. Lease cost for lease payments is recognized on a straight-line basis over the lease term. {14}------------------------------------------------ ## NOTE 7 – LEASES (Continued) | | CORINTHIAN PARTNERS, LLC
------------------ | | | |-----------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|-------------------|------------------------| | | NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2024 | | | | | | | | | | | | | | NOTE 7 – LEASES (Continued) | | | | | Maturity of the lease liability under the non-cancelable operating leases with initial non-cancelable
terms in excess of one year is as follows: | | | | | | | | | | Year | Office Lease | Printer Lease | Total | | 2025
2026 | \$
36,225
27,675 | \$ 2,100
2,100 | \$
38,325
29,775 | | 2027 | - | 2,100 | 2,100 | | 2028 | - | 175 | 175 | | | | | | | Total undiscounted lease payments
Less: imputed interest | \$ 63,900
(3,403) | \$ 6,475
(577) | \$ 70,375
(3,980) | Weighted average discount rate: Operating leases 6.0% The Company has elected, for all underlying classes of assets, to not recognize ROU assets and lease liabilities for short-term leases that have initial noncancelable terms of 12 months or less at lease commencement, and do not include an option to purchase the underlying asset the Company is reasonably certain to exercise. The Company recognizes lease costs associated with short-term leases on a straightline basis over the lease terms. The total lease cost associated with all leases for the year ended December 31, 2024 was \$30,336. ## NOTE 8 –CONTINGENCIES The Company is subject to litigation in the normal course of business. The Company has claims with customers that are in progress at December 31, 2024, as defendant. The Company establishes accruals for legal actions when potential losses associated with the actions become probable and the costs can be reasonably estimated. For such accruals, the Company records the amount considered to be the best estimate within a range of potential losses that are both probable and estimable; however, if the Company cannot determine a best estimate, then the low end of the range of those potential losses is recorded. The actual costs of resolving legal actions may be substantially higher than the amounts accrued for those actions. Based on information currently available, the Company has accrued \$17,500 for the low-end range of the expected cost to settle the matters that has been included in accounts payable and accrued expenses within the accompanying statement of financial condition. ## NOTE 9 – FAIR VALUE MEASUREMENTS FASB ASC Topic 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value, and establishes a fair value hierarchy which prioritizes the inputs to valuation techniques. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market. {15}------------------------------------------------ ## NOTE 9 – FAIR VALUE MEASUREMENTS (Continued) Valuation techniques that are consistent with the market, income or cost approach, as specified by ASC Topic 820, are used to measure fair value. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: Measurements Level 1 Level 2 Level 3 Common stock, publicly traded \$2,909 \$2,909 \$ - \$ - Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities the Company has the ability to access at the measurement date. Level 2 – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 – Unobservable inputs for the asset or liability developed using estimates and assumptions which reflect those that market participants would use. (The unobservable inputs are developed based on the best information available in the circumstances and may include the Company's own data.) The following table presents the Company's fair value hierarchy for those assets and liabilities measured at fair value as of December 31, 2024: | | Fair Value | | | |------------------|------------|--|--| | Securities Owned | | | | | | | | | ## NOTE 10 – SEGMENT REPORTING The Company is engaged in a single line of business as a securities broker-dealer, which is comprised of several classes of services, including the retailing of corporate equity securities and mutual funds as well as the private placement of securities. The Company has identified its President as the chief operating decision maker ("CODM"), who uses net income or loss to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM uses excess net capital (see Note 5), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy, such as whether to reinvest profits or pay distributions. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. ## NOTE 11 – NET LOSS The Company incurred a loss for 2024 and was dependent upon capital contributions from its Member for working capital and net capital. The Company's Member has represented that it intends to continue to make capital contributions as needed to ensure the Company's survival through at least one year subsequent to the date of the report of the independent registered public accounting firm. Management expects the Company to continue as a going concern and the accompanying financial statements have been prepared on a going-concern basis without adjustments for realization in the event that the Company ceases to continue as a going concern. {16}------------------------------------------------ ## SUPPLEMENTAL INFORMATION {17}------------------------------------------------ ## ----------------- SCHEDULE I ## COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1 OF THE SECURITIES AND EXCHANGE COMMISSION DECEMBER 31, 2024 | CORINTHIAN PARTNERS, LLC | | | |----------------------------------------------------------------------------------------------------------------|---------------|--| | -----------------
SCHEDULE I | | | | COMPUTATION OF NET CAPITAL UNDER RULE 15c3-1
OF THE SECURITIES AND EXCHANGE COMMISSION
DECEMBER 31, 2024 | | | | | | | | COMPUTATION OF NET CAPITAL | | | | Total member's
equity | \$
48,685 | | | Deductions and/or charges: | | | | Non-allowable assets from Statement of Financial Condition: | | | | Accounts receivable, net of related commissions payable | 116 | | | Prepaid expenses and deposits | 20,737 | | | Securities owned, non-marketable | 2,909 | | | Due from affiliate | 6,217 | | | Net capital before haircuts | 18,706 | | | Less: Haircuts | - | | | Net capital | \$
18,706 | | | COMPUTATION OF BASIC NET CAPITAL REQUIREMENT | | | | 6 2/3% of aggregate indebtedness
\$ 7,432 | | | | Minimum dollar net capital requirement
5,000 | | | | Net capital requirement (greater of above) | 7,432 | | | Excess net capital | \$
11,274 | | | Aggregate indebtedness | \$
111,480 | | | Ratio of aggregate indebtedness to net capital | 5.96 to 1.00 | | | | | | Reconciliation with Company's Computation of Net Capital Included in Part IIA of Form X-17A-5 as of December 31, 2024: There are no material differences between the preceding calculation and the Company's corresponding unaudited Part II A of Form X-17A-5, as amended, as of December 31, 2024. {18}------------------------------------------------ # ------------------ SCHEDULE II ## COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS AND INFORMATION RELATING TO THE POSSESSION OR CONTROL REQUIREMENTS UNDER RULE 15C3-3 OF THE SECURITIES AND EXCHANGE COMMISSION ### DECEMBER 31, 2024 The Company is exempt from the provisions of Rule 15c3-3 under the Securities Exchange Act of 1934 pursuant to paragraph (k)(2)(ii) of the rule. The Company also does not claim an exemption from Rule 15c3-3 pertaining to certain other business activities that the Company performs in reliance upon Footnote 74 of the SEC Release No. 34-70073. The Company does not hold customer funds or securities. {19}------------------------------------------------ # **RUBIO CPA, PC** CERTIFIED PUBLIC ACCOUNTANTS 3500 Lenox Road NE Suite 1500 Atlanta, GA 30326 770-690-8995 ## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** To the Member of Corinthian Partners, LLC We have reviewed management's statements included in the accompanying Broker Dealers Annual Exemption Report in which (I) Corinthian Partners, LLC identified the following provisions of 17 C.F.R. § l 5c3-3(k) under which Corinthian Partners, LLC claimed an exemption from 17 C.F.R. § 240. l 5c3-3: (k)(2)(ii) (the "exemption provisions"); and (2) Corinthian Partners, LLC stated that Corinthian Partners, LLC met the identified exemption provisions throughout the most recent fiscal year without exception. Corinthian Partners, LLC's management is responsible for compliance with the exemption provisions and its statements. Corinthian Partners, LLC also filed its Exemption Report as a Non-Covered Firm relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240. **l** 7a-5 because Corinthian Partners, LLC limits its other business activities to effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to Corinthian Partners, LLC and Corinthian Partners, LLC (I) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers ( other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b )(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to Corinthian Partners, LLC); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule l 5c3-3) throughout the most recent fiscal year without exception. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Corinthian Partners, LLC's compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in Footnote 74 of the 2013 Release. April I, 2025 Atlanta, GA **f.\_wclAh-**Rubio CPA~ PC {20}------------------------------------------------ ## EXEMPTION REPORT ## FOR THE YEAR ENDED DECEMBER 31, 2024 Corinthian Partners, LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and exchange Commission (17 C.F.R §240.17a-5. "Reports to be made by certain brokers ond dealere"). Thie Exemption Report wae proparod as roquirod by 17 C.F.R §2'10.17a-5(d)(1) and ('1). To the best of its knowledge and belief, the Company states tha following: - 1. The Company claimed an exemption from 17 C.F.R §15c3-3 under the following provisions of 17 C.F.R §240.1503-3: (k)(2)(ii); - 2. The Company met the identified exemption provisions in 17 C.F.R §240.15c3-3 (k) throughout the most recent fiscal year without exception. - 3. The Company is also filing this Exemption Report because the Company's other business activities contemplated by Footnote 74 of the SEC **Release** No. 34-70073 adopting amendment to 17 C,F.R § 240.17a-5 are limited to effecting transactions via subscriptions on a subscription way **basis** where the funds are payable to the issuer or its agent and not to the Company, and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way **basis** where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15o3~3) throughout the most recent fiscal year without exception. I, Mitchell Manoff, swear (or affirm) that, to best knowledge and belief, this Exemption Report is true ar"ld correct .....-·· By: --\_..\_\_\_ ......... --=-----r;..ie,"'- Title: \_\_\_ ...,.6\_· \_6 \_\_\_\_\_\_ \_ Date: \_\_ 1 \_/\_;.~~ \_L \_~\_s \_\_\_ \_ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.