This article contains promotional content .(December 2022) |
Formerly | Ryan & Company |
---|---|
Industry | Consulting, tax services |
Founded | 1991 |
Headquarters | Dallas, Texas |
Key people |
|
Revenue | approx. $715 million [1] (2021) |
Number of employees | 3,600 [2] |
Website | ryan |
Ryan LLC is a tax services and software provider based in Dallas, Texas. [3] [4] Ryan LLC has 18,000 clients in over 60 countries. [5] The company has over 113 locations around the globe, including locations in Canada, the Netherlands, the United Kingdom, [6] India, the Philippines, [7] and Australia.
Ryan LLC was founded by Chairman and CEO G. Brint Ryan [8] and Chris F. Collis as the CPA firm Collis & Ryan in 1991. [9] [10] Collis' stake in the company was bought out in 1993, and the company was renamed Ryan & Company, P.C. [10] In 1997, the company began expanding into other tax areas beyond state and local taxes. During this time, the company also began to shift its focus to working with clients with annual revenues of $50 million or more. [11] In 1998, the company surrendered its CPA license and began practicing as a tax and consultation firm. [10]
Throughout the early 2000s, the company began expanded outside of Texas, opening new offices primarily through acquisitions. [12] By December 2006, the company had expanded to 28 locations throughout North America. [13] In October 2007, the company changed its name to Ryan LLC. [14]
In September 2018, Ryan LLC became a founding member of the Massachusetts Institute of Technology's FINTECH @ CSAIL initiative. [15]
In June 2019, Ryan, LLC became the "Official Tax Partner" of the Dallas Cowboys. [16] Later that year, Ryan, LLC became the "Official Tax Partner" of Conference USA (C-USA) and became the title sponsor for the C-USA Football Championship Game and the 2020 C-USA Basketball Championships. [17]
In December 2023, the Ninth Court of Appeals of Texas ruled Ryan LLC's breach of lawsuit lawsuit against USA Today owner Gannett could not be heard in Texas courts, due to lack of jurisdiction. [18]
From 2012 to 2014, Ryan LLC acquired multiple tax service firms, including TAARP Group, WTP Advisors, and the property tax service business from Thomas Reuters. [19] [20] [21] In 2015, it acquired tax technology firms Taxaccord and Second Decimal. [22] [23]
Ryan LLC acquired EnerTax Consultants to expand its severance tax practice in September 2015. [24] In 2016, the company acquired Shiv Om Consultants, a firm known for consulting major gas and oil companies on severance taxes. [25] Ryan LLC reported a revenue of $469 million in 2016. [26]
In March 2017, Ryan LLC purchased land at the Legacy West development in Plano, Texas. [27] In January 2018, Ryan LLC acquired PetroTax Energy Holdings, an Austin-based tax consulting firm, d Scott B. Retzloff & Associates, a San Antonio-based commercial real estate firm. [26] In 2019, the company announced plans to move around 550 employees to the Legacy West development by 2023. [28]
In October 2018, Onex Corporation acquired a 42 percent interest in Ryan LLC, which valued the company at $1.1 billion. [29]
In December 2018, Ryan LLC acquired Denver-based Economics Partners, a global transfer pricing advisory, controversy and business valuation service. The same month, Ryan LLC acquired Paris-based VAT Systems, a tax specialty firm. [30]
In November 2020, Ryan, LLC announced the acquisition of Sydney, Australia-based Indirect Tax Solutions (ITS). [31] Ryan LLC also acquired the Real Estate Tax Group (RETG). [32] Ryan also announced an investment in Incentify, a provider in tax credits and incentives (C&I) software. [33]
In December 2020, Ryan, LLC acquired TCF Services (TCF), a provider in R&D tax credits firm in Australia. [34] Ryan, LLC also announced the acquisition of Burgess Cawley Sullivan (BCS), a property tax consulting and appraisal firm in Vancouver, British Columbia. [35]
In January 2022, Ryan, LLC announced the acquisition of Tax Advisory Services Group, LLC (TASG), a full-service excise tax provider based in Houston, Texas. [36] Then in February 2022, Ryan LLC acquired MacRostie Historic Advisors, LLC (MHA), a property tax consulting firm in the United States. [37] In March 2022, Ryan LLC announced the acquisitions of tax firms Catax and Greystone Property Tax Advisors. [38] [39] In July, 2022, Ryan, LLC announced the acquisition of Paradigm DKD Group, L.L.C., an independent national provider of comprehensive property tax management services. [40]
The company formed a Workforce Effectiveness Committee to investigate an employee flexibility policy in 2006. [41] In 2007, the company launched myRyan, a results-focused work environment, as a pilot program in its Houston office. The company implemented the program through the entire company in 2008. [42] [43] In 2013, Ryan LLC established the Culture Council, a team of employees from around the globe that review all internal and external employee feedback data in order to recommend change and improvement for the betterment of the business. [44]
Employees of Ryan LLC can contribute to political campaigns through Ryan PAC, a political action group formed by the firm in 2008. [45] In the 2021-2022 election cycle, the Ryan LLC PAC raised $1.039 million; this included $107,000 contributed to federal campaigns (32.71% to Democrats, 67.29% to Republicans). [46]
In August 2014, the Governor's Office of Business and Economic Development prohibited site-selection consultants from taking a percentage of the California Competes Tax Credit, a tax break given to businesses planning on locating or expanding in the state. Ryan sued GO-Biz shortly after the agency implemented the tax credit ban, alleging the prohibition violates the state of California constitution. [47]
In 2014, Ryan LLC won a lawsuit against the IRS regarding Circular 230 rules on contingent fee arrangements that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns. The district court ruled that the IRS did not have the statutory authority to place these restrictions. [48]
In 2017, Ryan LLC joined CIC Services, LLC in filing a lawsuit against the IRS to secure an injunction stopping IRS Notice 2016-66. [49] The notice required transactions of captive insurance companies to report more information on transactions. The case was dismissed in November 2017. [50]
In 2024, Ryan LLC filed the first lawsuit against the Federal Trade Commission (FTC) after the FTC issued a ban against noncompete agreements. [51] [52] The suit argues that the FTC does not have the authority to rule over these issues. [51] As of July 3, 2024, Judge Ada Brown ruled to temporarily block the noncompete ban. [53]
In 2015, Ryan LLC made the Fortune list of 100 Best Companies to Work For and was ranked number 60 on the list in 2022. [54]
Ryan LLC was named 21st of Glassdoor's Employee's Choice 2019 Best Places to Work. [55]
The company received the 2012 Spirit of Habitat award for advocating and raising awareness of the program. [19]
Aon plc is a British-American professional services firm that offers a range of risk-mitigation products. Aon has approximately 50,000 employees across 120 countries.
Infosys Limited is an Indian multinational technology company that offers business consulting, information technology, and outsourcing services. Founded in Pune, the company is headquartered in Bangalore, Karnataka.
Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting program QuickBooks, the credit monitoring and personal accounting service Credit Karma, and email marketing platform Mailchimp. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States.
Kroll is a financial and risk advisory firm established in 1932 and based in New York City. In 2018, Kroll was acquired by Duff & Phelps. In 2021, Duff & Phelps decided to rebrand itself as Kroll, a process it completed in 2022.
AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.
LECG Corporation was an American consulting company based in Emeryville, California. It provided independent expert testimony on behalf of corporations, produced authoritative studies for industry, conducted economic and financial analyses on disputes and issues, and provided strategic advisory and financial advisory services to clients. In March 2011, the company was liquidated as it was unable to service its debt obligations.
WSP Global Inc. is a Canadian consulting firm working mostly in the built environment. It was created in 2012, following Montreal-based Genivar's takeover of British firm WSP Group plc. It is listed on the Toronto Stock Exchange. After the purchase of New York-headquartered professional services firm Parsons Brinckerhoff in October 2014, WSP effectively became one of the largest professional services firms in the world, with approximately 73,300 employees in 500 offices serving in 40 countries.
Houlihan Lokey, Inc., is an American multinational independent investment bank and financial services company. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm advises large public and closely held companies as well as institutions and governments. Its main service lines include mergers and acquisitions, capital markets, restructuring and distressed M&A, fairness opinions, and financial and valuation advisory. As of March 2024, Houlihan Lokey employs more than 2,600 employees worldwide.
Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan. Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. The company primarily provides human resources and financial services consulting services to its clients.
Hitachi Consulting Corporation was an American international management and technology consulting firm with headquarters in Dallas, Texas. It was founded in November 2000 as a subsidiary of the Japanese corporation Hitachi, and employed approximately 6,500 people in the US, Japan, Brazil, China, India, Portugal, Singapore, Spain, the UK, Germany, and Vietnam.
Forvis Mazars, LLP ranks among the U.S. top 10 public accounting firms, providing assurance, tax, and consulting services. In June 2024, Forvis Mazars Global network was formed between FORVIS and Mazars.
Newmark Group Inc. is a commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".
Colliers International Group Inc. is a Canada-based diversified professional services and investment management company with approximately 18,000 employees in more than 400 offices in 65 countries.
Towers Watson & Co. was a global professional services firm that provided risk management services, human resource consulting, actuarial services, and investment management. The company operated in 37 countries. Customers included 92% of Fortune Global 500 companies and 84% of Fortune 1000 companies.
Segal is a benefits and human resources consulting firm headquartered in New York City, with 1,100 employees throughout the U.S. and Canada. It is the parent of Segal Marco Advisors, Segal Select Insurance Services, Inc., andSegal Benz.
Huron Consulting Group, commonly known as Huron, is a management consulting firm offering services to the healthcare, life sciences, commercial, and higher education industries.
West Monroe is a digital services firm headquartered in Chicago, Illinois. West Monroe provides traditional management consulting, creative and product engineering services to businesses across many industries, including consumer and industrial products, energy and utilities, financial services, healthcare, life sciences, private equity, retail, and software and high tech. West Monroe is consistently recognized as a best place to work and a top consulting firm. West Monroe’s tagline is "Don’t Do Digital. Be Digital."
Kellton Tech Solutions Ltd. (KTSL) is an Indian multinational company specializing in Digital Engineering and technology consulting services, headquartered in Hyderabad, India with offices in United States and Europe.The company reported net revenues of USD 110.6 Million in FY22-23 with more than 1800 employees.
Risk Strategies is a private insurance brokerage and risk management advisor. The firm was founded 1997 in Boston, Massachusetts, by its current chairman, Mike Christian, as a specialty risk management consultancy. In 2015, private equity insurance sector investor Kelso & Company acquired Kohlberg & Company's majority stake in Risk Strategies. In 2022 it was ranked the 25th fastest-growing private company in Massachusetts.
CBIZ, Inc. is a national provider of financial, insurance and advisory services headquartered in Cleveland, Ohio. CBIZ is one of the largest accounting, insurance brokerage, financial and advisory services providers in the United States with more than 120 offices and nearly 7,000 employees. Its common stock has been traded on the New York Stock Exchange since 1996, under the symbol "CBZ" since 1997. Following its 2024 acquisition of Marcum LLP, CBIZ became the seventh-largest accounting firm in the United States.