# SHASTA PARTNERS, LLC X-17A-5 (2026-05-28) — Broker-dealer annual report - Company: SHASTA PARTNERS, LLC - Form: X-17A-5 - Filed: 2026-05-28 - Period: 2026-03-31 - Accession: 0001206481-26-000005 - CIK: 1206481 - File #: 8-65665 - Type: Broker-dealer - Material weakness: No - Auditor: Miller Wachman, LLP - Auditor location: Boston, MA - Contact: Gregory Burkus - Phone: 781-890-6212 - Email: gburkus@shastapartners.com - Website: shastapartners.com - Signed by: Gregory J. Burkus (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1206481/000120648126000005/shastabdauditpublic2026.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 **ANNUAL REPORTS FORM X-17A-S PART** Ill FACING PAGE 0MB APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER ~-(..S'''-s Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act **of** 1934 FILING FOR THE PERIOD BEGINNING \_ 4\_f\_1 f\_2\_ 5 \_\_\_\_\_ AND ENDING \_ 3\_/3\_1\_/\_2\_6 \_\_\_ \_ MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAMEOFFIRM: SHASTA PARTNERS, LLC TYPE OF REGISTRANT (check all applicable boxes): ~ Broker-dealer □ Security-based swap dealer D Check here if respondent is also an OTC derivatives dealer D Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) 100 CAMBRIDGE STREET, 14TH FLOOR (No. and Street} BOSTON MA 02114 (City) (State) (Zip Code} PERSON TO CONTACT WITH REGARD TO THIS FILING GREGORY BURKUS 7819562435 GBURKUS@SHASTAPARTNERS.COM (Name) (Area Code-Telephone Number) (Email Address) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this·filing\* MILLER WACHMAN, LLP (Name-if individual, state last, first, and middle name) 100 CAMBRIDGE STREET BOSTON MA 02114 (Address) (City) (State) (Zip Code} 11/22/2003 566 T""-·" **~00 .. ,e,~~, ""'°"'""'""ONLY** ,~. **"""""00** ·-· ··-····1 • daims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances retied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(l)(ii), 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 0MB control number. {1}------------------------------------------------ #### OATH OR AFFIRMATION | | swear (or affirm) that, to the best of my knowledge and belief, the
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(a) Statement offinancial condition, | | | | | -E .:!.~":'-L.~ :; : -: ~
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i!I (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a ~t~,&\,r}f-::::;;r''_comprehensive income (as defined in§ 210.1-02 of Regulation 5-X).
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:.r.;~--------""",____ | | | | D | (f) Statement of changes in liabilities subordinated to daims of creditors. | | | | | i!I (g) Notes to consolidated financial statements. | | | | | i!I (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. | | | | | D (i) C(!mputation of tangible net worth under 17 CFR 240.18a-2. | | | | | i!I OJ Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. | | | | | D (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. | | | | D | (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. | | | | iii | D (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 | | | | | 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. | | | | | i!I (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. | | | | | D (p) Summary of financial data for subsidiaries not consolidated in the statement offinancial condition. | | | | | i!I (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or17 CFR 240.18a-7, as applicable. | | | | | D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | | | | i!I (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. | | | | | i!I (t) Independent public accountant's report based on an examination of the statement of financial condition. | | | | | i!I (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.lBa-7, or 17 CFR 240.17a-12, as applicable. | | | | | i!I (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.lBa-7, as applicable.
i!I (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. | | | | | D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, | | | | | as applicable. | | | | D | (y) Report describing any material inadequacles 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 240.17a-12(k). D (z)other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - •"To request confidential treatment of certain portions of this filing, see 17 CFR240.17a-5{e){3} or 17 CFR240.18a-7{d}{2}, as applicable. {2}------------------------------------------------ ![](_page_2_Picture_0.jpeg) ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the sole Member of Shasta Partners, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Shasta Partners, LLC as of March 31 , 2026, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Shasta Partners, LLC as of March 31 , 2026, 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 Shasta Partners, LLC's management. Our responsibility is to express an opinion on Shasta Partners, LLC'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 Shasta Partners, LLC 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. #### **Auditor's Report on Supplemental Information** The computation of aggregate indebtedness and net capital pursuant to SEC Rule 15c3-1 (Schedule I) and computation for determination of reserve and information relating to possession and control requirements for broker dealers under Rule 15c3-3 of the Securities and Exchange Commission (Schedule II) has been subjected to audit procedures performed in conjunction with the audit of Shasta Partners, LLC's financial statements. The supplemental information is the responsibility of Shasta Partners, LLC'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. §240.1 ?a-5. In our opinion, the computation of aggregate indebtedness and net capital pursuant to SEC Rule 15c3-1 and computation for determination of reserve and information relating to possession and control requirements for broker dealers under Rule 15c3-3 of the Securities and Exchange Commission is fairly stated, in all material respects, in relation to the financial statements as a whole. ~AJ~J, Lt.} Miller Wachman, LLP We have served as Shasta Partners, LLC's auditor since 2026. Boston, Massachusetts May 28, 2026 {3}------------------------------------------------ ## **SHASrA PARTNERS, LLC** #### **STATEMENT OF FINANCIAL CONDITION** #### **MARCH 31, 2026** #### **ASSETS** | Cash | \$
33,459 | |---------------------------------------------------------------------------|--------------| | Other assets | 2,712 | | | \$
36,171 | | LIABILITIES AND MEMBER'S EQUITY | | | Liabilities:
Accounts payable, accrued expenses, and other liabilities | \$
11,661 | | Member's Equity: | | | Member's capital | 24,510 | | Total Liabilities and Member's Equity | \$
36,171 | The accompanying notes are an integral part of these financial statements. {4}------------------------------------------------ # **SHASTA PARTNERS, LLC** ## **NOTES TO FINANCIAL STATEMENTS** ## **MARCH 31, 2026** ## **NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** Organization and Nature of Business: The Company is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority, Inc. (FINRA). R~venue Recognition: The Company provides advisory services on mergers and acquisitions, restructurings, valuations, and capital raisings. Revenue is recognized in accordance with ASC Topic 606, *Revenue from Contracts with Customers,* using its 5 step recognition criteria process. Revenue for advisory arrangements is generally recognized at the point in time that performance under the arrangement is completed (the closing date of the transaction) or the contract is cancelled. However, for certain contracts, revenue is recognized over time for advisory arrangements in which the performance obligations are simultaneously provided by the Company and consumed by the customer. In some circumstances, significant judgement is needed to determine the timing and measure of progress appropriate for revenue recognition under a specific contract. Retainers and other fees received from customers prior to recognizing revenue are reflected as contract liabilities. Receivable From Non-Customers: Management closely monitors outstanding accounts receivable, and charges off to expense all balances that are determined to ·be uncollectible. Income Taxes: A The Company does not record a provision for income taxes because the partner reports the partnership's income or loss on their income tax return. The financial statements reflect the partnership's transactions-without adjustment, if any, required for income tax purposes. Cash and Cash Equivalents: The Company considers all highly liquid securities purchased with maturities of less than three months to be cash equivalents. {5}------------------------------------------------ # . **SHASTA PARTNERS, LLC** # **NOTES TO FINANCIAL STATEMENTS, CONTINUED** # **MARCH 31, 2026** # **NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - continued** Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Actual results could differ from those estimates. # **NOTE 2 - NET CAPITAL REQUIREMENTS** The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule l 5c3-l ), 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 I ( and the rule of the "applicable" exchange also provides that equity capital may not be withdrawn if the resulting net capital ratio would exceed 10 to 1 ). At March 31, 2026, the Company had net capital of \$21,798, which was \$16,798 in excess of its required net capital of\$5,000. The Company's net capital ratio was .5 to 1. # **NOTE 3** - **OFF BALANCE SHEET RISK AND CONCENTRATION OF CREDIT RISK** The Company at times maintains cash in bank accounts in excess of the established limit insured by the Federal Deposit Insurance Corporation (FDIC). # **NOTE 4 - COMMITMENTS AND CONTINGENCIES** The Company at March 31, 2026 has no unfulfilled contract, commitments or contingencies. ## **NOTE 5 - 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 merger and acquisitions, restructuring, valuation and capital raising services for clients. The accounting policies for fees are the same as those described in the summary of significant accounting policies. The chief operating decision maker assesses performance for the agency fee segment and decides how to allocate resources based on net income that is reported on the income statement. The measurement of segment assets is reported on the balance sheet as total assets. {6}------------------------------------------------ # **SHASTA PARTNERS, LLC** ## **NOTES TO FINANCIAL STATEMENTS, CONTINUED** # **MARCH 31, 2026** # **NOTE 5 - SEGMENT REPORTING - continued** The chief operating decision maker uses net income to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the agency fee segment or into other parts of the entity. The chief operating decision maker also uses net income in competitive analysis by benchmarking competitors. The C9mpany derives revenue primarily from North America. The Company's chief operating decision maker is the managing member. ## **NOTE 6 - SUBSEQUENT EVENTS** Management has evaluated subsequent events through May 28, 2026, the date on which the financial statements were available to be issued. There were no subsequent events that require adjustment or disclosure in the financial statements. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.