Larry W. Rich, FCA, TEP - Senior Partner

Larry W. Rich, FCA, TEP, is the senior partner of Rich Rotstein. Over the past 35 years, he has built a large and loyal client following. The range of assignments which he has handled include accounting, auditing, tax planning, and dispute resolution services relating to creditors, bankers, matrimonial disputes, unpaid taxation matters, Canada Customs and Revenue Agency collection issues, and loss of income claims, etc. His clientele includes both large and small:

• Law firms, partnerships and professional persons.
• Real estate corporations, including land development, construction and property management companies.
• Manufacturing, importing, distribution, computer consultants, and retail corporations.
• Charities, non-profit organizations, trade unions, welfare funds, and pension plans.
• Sales and marketing companies, self-employed entrepreneurs, and corporations involved in the food service industry.

Well respected by both the community and colleagues, Larry W. Rich was active in the Ontario Institute of Chartered Accountants. In the past, he has also sat on the following committees:

• Professional Conduct
• Small Practices
• Public Relations
• Convention
• Discipline

Larry W. Rich has also served on the committees of:

• United Jewish Welfare Fund
• State of Israel Bonds
• B'nai Brith
• Beth Sholom Synagogue, and
• Family Enterprises Interest Group of the Canadian Institute of Chartered Accountants (CICA).

He has also been:

• an Assistant Professor at the Canadian College of Naturopathic Medicine, and
• a member of the Editorial Board of Divorce Magazine.

He is currently Treasurer of the Toronto Branch of the Society of Trust and Estate Practitioners. Headquartered in London, England, STEP has a worldwide membership of over 8,000 individuals composed of lawyers, accountants, financial planners, insurance specialists and others.

Business Experience and Credentials

• Senior Partner, Rich Rotstein, Chartered Accountants
• Over 35 years of experience as a partner with Rich Rotstein and its predecessor firms
• Testified as "expert witness" and appointed as "consultant" in various civil actions
• Authored and presented papers at Insight Seminars on:
  • Consequences of the Family Law Act
  • Appearing before an Administrative Tribunal, and
  • Accountants' Liability
• Mandates have included:
  • Resolution of disputes, including acting as mediator
  • Accounting and auditing
  • Tax planning and other taxation matters, including negotiations with Canada Customs and Revenue Agency
  • Estate planning, reorganization and mergers plus recommendations re wills and other agreements, etc.
  • Valuations for family law and dispute resolution purposes
  • Negotiating the resolution of disputes
  • Appointments as receiver/manager
  • Investigative accounting assignments
  • Corporate "doctor", restructuring and correcting the ills of poorly managed/financially troubled companies
  • Sundry management consultancy assignments, including structuring and negotiating sales of businesses, and the preparation of financing and restructuring proposals
  • Acting as trustee and/or executor for testimentary and intervivos trusts
  • Supervising voting procedures for an international union

Industry Accomplishments

• Chartered Accountant, 1965
• Fellow of the Institute of Chartered Accountants of Ontario, 1994
• Active in the Institute of Chartered Accountants of Ontario, served on various committees including the Discipline Committee for over 15 years
• Member of the Academy of Family Mediators, 1989
• Chairman of the Family Enterprises Interest Group of the Canadian Institute of Chartered Accountants (CICA), 1995
• Completed CICA Program in Mediation and Conflict Resolution, 2000
• Numerous Professional Development Courses, including:
  • Accounting and Auditing
  • Corporate and Personal Taxation
  • Business Valuation and Economic Loss Computation, and
  • Forensic and Investigative Accounting.
• Assistant Professor (adjunct faculty) at the Canadian College of Naturopathic Medicine. Provided a Practice Management course for the fourth year curriculum and presented a series of lectures for the Department of Continuing Medical Education. Curriculum included: Business Evaluation, Practice Management, Accounting, Auditing, Strategic Planning, and Bank Financing.

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