# LANDAAS & COMPANY X-17A-5 (2022-03-01) — Broker-dealer annual report - Company: LANDAAS & COMPANY - Form: X-17A-5 - Filed: 2022-03-01 - Period: 2021-12-31 - Accession: 0001087855-22-000005 - CIK: 1087855 - File #: 8-51826 - Type: Broker-dealer - Material weakness: No - Auditor: BAKER TILLY US, LLP - Auditor location: MILWAUKEE, WI - Contact: RYAN BAKER - Phone: 414-223-1099 - Signed by: KYLE TETTING (PRESIDENT, CHIEF RESEARCH OFFICER) Original filing: https://www.sec.gov/Archives/edgar/data/1087855/000108785522000005/Public.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 OMB APPROVAL OMB Number: 3235- 0123 Expires: Oct. 31, 2023 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8- 51826 ## ANNUAL REPORTS FORM X -17A- 5 PART III FACING PAGE Information Required Pursuant to Rules 17a- 5, 17a- 12, and 18a- 7 under the Securities Exchange Act of 1934 FILING FOR THE PERIOD BEGINNING 01/ 01/ 2021 AND ENDING 12/ 31/ 2021 MM/ DD/ YY MM/ DD/ YY A. REGISTRANT IDENTIFICATION # NAMEOFFIRM: LANDAAS & COMPANY LLC TYPE OF REGISTRANT ( check all applicable boxes): 0 Broker- dealer Security -based swap dealer Major security - based swap participant Check here if respondent is also an OTC derivatives dealer ADDRESS OF PRINCIPAL PLACE OF BUSINESS: ( Do not use a P. O. box no.) # 411 EAST WISCONSIN AVE STE 2000 | | | No. and Street) | | | |----------------------------------------------------------------------------------------------------------------------|-----------------------------------|-----------------------------------------------------------|-----------------------|-----------| | MILWAUKEE | | WI | | 53202 | | City) ( | | State) ( | Zip Code) | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | KYLE
TETTING | 414-
223-
1099 | | KTETTING@LANDAAS. COM | | | Name) ( | Area Code— Telephone
Number) ( | | Email Address) | | | | B. ACCOUNTANT | IDENTIFICATION | | | | TILLY
BAKER
US, LLP | | Name — if individual, state last, first, and middle name) | | | | WISCONSIN
777
EAST | AVE, 32ND
FL | MILWAUKEE | WI | 53202 | | Address) ( | | City) ( | State) ( | Zip Code) | | Date of Registration
with PCAOB)( if applicable) ( | | Registration
Number, if applicable)
PCAOB | | | | | | FOR OFFICIAL
USE ONLY | | | | | | | | | | Claims for exemption from the requirement that the annual reports be covered by the retorts of an independent nuhlic | | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240. 17a- 5( e)( 1)( li), if applicable. 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 1, KYLE TETTING , swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of LANDAAS& COMPANY LLC , as of 12/ 31 2021 , is true and correct. I further swear ( or affirm) that neither the company nor any partner, officer, directbr' bY°equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a cu3t0mer. 31ue, Lfnl`i` ICeG6 •. a !, hk, PRESIDENT, CHIEF [ RESEARCH OFFICER Notary Public) Signature: Title: This filing" contains ( check all applicable boxes): - 9 ( a) Statement of financial condition. - b) Notes to consolidated 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 cash flows. - El ( e) Statement of changes in stockholders' or partners' or sole proprietor' s equity. - f) Statement of changes in liabilities subordinated to claims of creditors. - g) Notes to consolidated financial statements. - h) Computation of net capital under 17 CFR 240. 156- 1 or 17 CFR 240. 18a- 1, as applicable. - i) Computation of tangible net worth under 17 CFR 240. 18a- 2. - j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240. 156- 3. - k) Computation for determination of security based swap reserve requirements pursuant to Exhibit B to 17 CFR 240. 15c3- 3 or Exhibit A to 17 CFR 240. 18a- 4, as applicable. - 1) Computation for Determination of PA0 Requirements under Exhibit A to § 240. 15c3- 3. - m) Information relating to possession or control requirements for customers under 17 CFR 240. 15c3- 3. - n) Information relating to possession or control requirements for security -based swap customers under 17 CFR 240. 156- 3( p)( 2) or 17 CFR 240. 18a- 4, as applicable. - o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240. 15c3- 1, 17 CFR 240. 18a- 1, or 17 CFR 240. 18a- 2, as applicable, and the reserve requirements under 17 CFR 240. 15c3- 3 or 17 CFR 240. 18a- 4, as applicable, if material differences exist, or a statement that no material differences exist. - p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - q) Oath or affirmation in accordance with 17 CFR 240. 17a- 5, 17 CFR 240. 17a- 12, or 17 CFR 240. 18a- 7, as applicable. - r) Compliance report in accordance with 17 CFR 240. 17a- 5 or 17 CFR 240. 18a- 7, as applicable. - s) Exemption report in accordance with 17 CFR 240. 17a- 5 or 17 CFR 240. 18a- 7, as applicable. - t) Independent public accountant' s report based on an examination of the statement of financial condition. - O ( u) Independent public accountant' s report based on an examination of the financial report or financial statements under 17 CFR 240. 17a- 5, 17 CFR 240. 18a- 7, or 17 CFR 240. 17a- 12, as applicable. - v) Independent public accountant' s report based on an examination of certain statements in the compliance report under 17 CFR 240. 17a- 5 or 17 CFR 240. 18@- 7, as applicable. - 8 ( w) Independent public accountant' s report based on a review of the exemption report under 17 CFR 240. 17a- 5 or 17 CFR 240. 18a- 7, as applicable. - x) Supplemental reports on applying agreed- upon procedures, in accordance with 17 CFR 240. 15c3 -1e or 17 CFR 240. 17a- 12, as applicable. - y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240. 17x -12( k). - z) Other: - To request confidential treatment of certain portions of this filing, see 17 CFR 240. 17o -5(e)( 3) or 17 CFR 240. 18o -7( d)(2), as applicable. {2}------------------------------------------------ # LANDAAS & COMPANY, LLC Milwaukee, Wisconsin FINANCIAL STATEMENTS Including Report of Independent Registered Public Accounting Firm As of and for the Year Ended December 31, 2021 {3}------------------------------------------------ ### LANDAAS & COMPANY, LLC #### TABLE OF CONTENTS | Report
of
Independent
Public
Accounting
Registered
Firm | | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------| | Financial
Statements | | | Statement of Financial Condition | 2 | | Statement of
Income | | | Statement of Changes in Members' Equity | | | Statement of Cash Flows | | | 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
Exchange Act of 1934
Under Rule 15c3- 3 of the Securities | 14 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) ## Report of Independent Registered Public Accounting Firm To the Members of Landaas & Company, LLC ### Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Landaas & Company, LLC ( the Company) as of December 31, 2021, 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, 2021, 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 schedule I - computation of net capital under rule 15c3- 1 of the securities exchange act of 1934 and schedule 11 - 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 ( collectively, 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 the 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. r ° fl. U Gar' Milwaukee, Wisconsin February 24, 2022 {5}------------------------------------------------ ### LANDAAS & COMPANY, LLC #### STATEMENT OF FINANCIAL CONDITION As of December 31, 2021 #### ASSETS | ASSETS | | |-------------------------------------------|-------------| | Cash and cash equivalents | 980, 617 | | Depositwith
clearing
broker/ dealer | 100, 000 | | Equity
securities, at fair value | 71, 095 | | Commissions receivable | 689, 814 | | Prepaid expenses | 104, 709 | | Property, furniture
and equipment, net | 374, 855 | | Right -of -use
asset | 1, 338,428 | | TOTAL ASSETS | 3, 659, 518 | #### LIABILITIES AND MEMBERS' EQUITY | LIABILITIES | | |---------------------------------------|-------------| | Accounts payable and accrued expenses | 32, 962 | | Accrued compensation and benefits | 845, 772 | | Lease liability | 1, 776, 226 | | TOTAL LIABILITIES | 2, 654, 960 | | MEMBERS' EQUITY | 1, 004, 558 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | 3, 659, 518 | See accompanying notes to financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.