Privately-Held Businesses

We will be your trusted advisor in managing strategies, accounting processes, and financial decisions with clear and straightforward solutions.

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Running a privately held business is no small task. Owners and stakeholders are often pulled in many directions – balancing corporate requirements, partnership agreements, customer and vendor demands, employee needs, tax compliance, cash flow, and growth initiatives, all while managing daily operations.

That’s where we come in. We help bring clarity and structure to these competing demands so you can focus on what matters most.

We streamline tax strategies, accounting processes, and financial decision-making, ensuring everything works together to support your goals, protect your interests, and strengthen your confidence in the future.

Industries Served

Healthcare
Real Estate
Oil and Gas
Investment Companies
Securities Broker-Dealers
Construction
Retail and Wholesale
Manufacturing
Technology
Not-for-Profits
Transportation and Logistics

Services for Privately Held Businesses

Financial statement audits, reviews, compilations and other attest services
Tax compliance and planning, including state, local and international tax strategies
Succession Planning
Compensation Planning and Structuring
Management and Operations Consulting
Transaction Advisory
General Business Consulting and Best Practices
Family Business Office
Business Valuation

Edward J. Gorski

Managing Partner

ejgorski@lallycpas.com
412-348-3103

Executive Summary

Ed Gorski served as a partner at Lally & Co., where he led the firm’s accounting and assurance practice focused on providing services to clients in the financial services industry, including broker-dealers, investment partnerships, hedge funds, and captive insurance companies. Throughout his career, he was known for his strong technical expertise and his ability to guide clients through complex regulatory and reporting requirements.

During his tenure, Ed helped expand and strengthen the firm’s accounting and assurance practice, emphasizing quality, technical rigor, and practical solutions. He played a key role in mentoring staff, developing industry specialties, and fostering a culture of client service.

As Partner Emeritus, Ed remains connected to the firm’s commitment to excellence and continues to serve as a resource to colleagues and clients.

John M. Lally

Partner Emeritus

jmlally@lallycpas.com
412-367-8190

John Lally is the founding partner of Lally & Co., where he dedicated his career to advising business owners and senior management on strategic planning, business valuation, litigation support, and complex tax matters. A trusted advisor for decades, John played a central role in shaping the firm’s growth, service philosophy, and commitment to client relationships.

John began his professional career in 1978 with the U.S. Department of the Treasury’s Office of International Banking before joining PricewaterhouseCoopers in 1979. In 1983, he founded the firm that would ultimately become Lally & Co., helping establish the firm’s reputation for technical excellence and practical guidance.

As Partner Emeritus, John continues to contribute his time to the firm as a trusted advisor and to several boards and professional committees as he did through his career.

Randy Reynolds

Partner Emeritus

rreynolds@lallycpas.com
412-348-3102

Executive Summary

Randy Reynolds served as a partner in the tax services practice at Lally & Co., where he led the firm’s tax practice and advised high-net-worth individuals and families, business owners, and closely held companies on tax matters. Throughout his career, Randy specialized in the taxation of individuals, corporations, S-corporations, and partnerships, as well as corporate acquisitions and client representation before the IRS and other taxing authorities. Randy was also a frequent lecturer and author of numerous tax-focused publications, contributing significantly to the profession through his technical knowledge and practical insights.

As Partner Emeritus, Randy remains a respected resource within the firm and the broader tax community, recognized for his leadership, expertise, and long-standing commitment to client service.