# LANDAAS & COMPANY X-17A-5 (2021-03-01) — Broker-dealer annual report - Company: LANDAAS & COMPANY - Form: X-17A-5 - Filed: 2021-03-01 - Period: 2020-12-31 - Accession: 0001087855-21-000004 - CIK: 1087855 - File #: 8-51826 - Material weakness: No - Auditor: BAKER TILLY US, LLP - Auditor location: MILWAUKEE, WI - Contact: DANIEL LANUEZ - Phone: 4142231099 - Signed by: DANIEL LANUEZ (CCO, CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1087855/000108785521000004/Public1.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES ANDEXCHANGE COMMISSION Washington, D.C. 20549 ## ANNUAL AUDITED REPORT FORM X-17A-5 PART III OMB APPROVAL OMB Number: 3235-0123 Expires: October 31, 2023 Estimated average burden hours per response.. . . . . . 12.00 # SEC FILE NUMBER 8-51826 FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder | REPORT FOR THE PERIOD BEGINNING 01/01/2020 | | AND ENDING 12/31/2020 | | | |--------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|-----------------------|--------------------------------|--| | | MM/DD/YY | | MM/DD/Y Y | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER; LANDAAS & COMPANY, LLC
ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) | | OFFICIAL USE ONLY | | | | | | | FIRM I.D. NO. | | | 411 EAST WISCONSIN AVENUE, SUITE 2000 | | | | | | | (No. and Street) | | | | | MILWAUKEE | WI | | 53202 | | | (City) | (State) | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
DANIEL LA NUEZ 414-223-1099 | | | | | | | | | (Area Code - Telephone Number) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose opinion is contained in this Report*
BAKER TILLY US, LLP | | | | | | | (Name - if individual, state last, first, middle name) | | | | | 777 EAST WISCONSIN AVENUE, 32ND FL | MILWAUKEE | WI | 53202 | | | (Address) | (City) | (State) | (Zip Code) | | | CHECK ONE: | | | | | | Certified Public Accountant | | | | | | Public Accountant | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | \*Claims for exemption from the requirement that the covered by the opinion of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis for the exemption. See Section 240.17a-5(c)(2) > Potential persons who are to respond to the collection of Information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | the best of the swear (or affirm) that, to the best of
my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
LANDAAS & COMPANY, LLC
as
of DECEMBER 31
, 2020 ______ are true and correct. I further swear (or affirm) that
neither the company nor any partner, principal officer or director has any proprietary interest in any account
classified solely as that of a customer, except as follows: | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | Signature | | Title
11:00:00:00
SUSAN J.
14
Notary Public
BARTOLOTTA
om mussion apperies 5. 15. 24
s report ** contains (check all applicable boxes):
(a) Facing Page.
Bourgesting Contractories
/ (b) Statement of Financial Condition.
(c) Statement of Income (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement
of Comprehensive Income (as defined in \$210.1-02 of Regulation S-X).
(d) Statement of Changes in Financial Condition.
(e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital.
(f) Statement of Changes in Liabilities Subordinated to Claims of Creditors.
(g) Computation of Net Capital.
(h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3.
(i) Information Relating to the Possession or Control Requirements Under Rule 15c3-3.
(j) A Reconciliation, including appropriate explanation of Net Capital Under Rule 15c3-1 and the | | Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3.
(k) A Reconciliation between the audited Statements of Financial Condition with respect to methods of
consolidation.
(I) An Oath or Affirmation. | | V (m) A copy of the SIPC Supplemental Report.
(1) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit.
** For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3). | {2}------------------------------------------------ # **LANDAAS & COMPANY** Milwaukee, Wisconsin FINANCIAL STATEMENTS Including Report of Independent Registered Public Accounting Firm As of and for the Year Ended December 31, 2020 {3}------------------------------------------------ ### **LANDAAS & COMPANY** #### TABLE OF CONTENTS | Report of Independent Registered Public Accounting Firm | | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------| | Financial Statements | | | Statement of Financial Condition | 2 | | Statement of Income | 3 | | Statement of Changes in Members' Equity | 4 | | Statement of Cash Flows | 5 | | Notes to Financial Statements | 6 – 12 | | Supplemental Information | | | Schedule I - Computation of Net Capital Under Rule 15c3-1 of the Securities
Exchange Act of 1934 | 13 | | Schedule II - Computation for Determination of the Reserve Requirements
and Information Relating to the Possession or Control Requirements
Under Rule 15c3-3 of the Securities Exchange Act of 1934 | 14 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Members of Landaas & Company #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Landaas & Company (the "Company") as of December 31, 2020, the related statements of income, changes in members' 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, 2020, 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. Our audit included performing procedures to assess the risks of material misstatement of 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 supplemental information has been subjected to audit procedures performed in conjunction with the audit of Company's financial statements. The supplemental information is the responsibility of Company's management. Our audit procedures included determining whether the supplemental information 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 supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a5. In our opinion, the 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 2006. Milwaukee, Wisconsin February 19, 2021 {5}------------------------------------------------ ### **LANDAAS & COMPANY, LLC** #### STATEMENT OF FINANCIAL CONDITION As of December 31, 2020 | ASSETS | | |----------------------------------------|-----------------| | Cash and cash equivalents | \$
951,851 | | Deposit with clearing broker/dealer | 100,000 | | Equity securities, at fair value | 44,410 | | Commissions receivable | 631,234 | | Prepaid expenses | 134,138 | | Property, furniture and equipment, net | 425,071 | | Right-of-use asset | 1,464,919 | | TOTAL ASSETS | \$
3,751,623 | #### *LIABILITIES AND MEMBERS' EQUITY* | LIABILITIES | | |---------------------------------------|-----------------| | Accounts payable and accrued expenses | \$
69,689 | | Accrued compensation and benefits | 774,298 | | Lease liability | 1,935,326 | | TOTAL LIABILITIES | 2,779,313 | | | | | MEMBERS' EQUITY | 972,310 | | | | | TOTAL LIABILITIES AND MEMBERS' EQUITY | \$
3,751,623 | See accompanying notes to financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.