A founder and now managing shareholder of Bauknight Pietras & Stormer, PA, Ken left a senior position with a “Big Eight” accounting firm to establish BPS in 1991. More than 25 years later, Ken has no regrets.
“There’s always a little hesitation when you leave an established business, regardless of the industry. However, having work for the Internal Revenue Service and then two Big Eight firms, I had an excellent foundation for my own firm.”
Ken's clientele are primarily in the real estate industry. This includes construction, development, leasing, and management of multi-family housing, commercial real estate, resort communities, hotels, and shopping centers; distribution, manufacturing and telecommunications. These activities are conducted in partnership as well as C and Sub-Chapter S corporate forms of business entities.
Ken has also been involved in valuations of various business interests, including limited partnership and general partner interests for Family Limited Partnerships; partnership interests in operating hotel properties; automobile dealerships, independent local exchange carriers and other telecommunications related entities; and companies involved in distribution and printing.
“Our firm has grown from four people to more than 60 professionals and staff. We’ve been very fortunate to have a great team of people whose work has attracted a large and loyal client base. BPS is now among the most successful privately held firms in the country.”
Prior to BPS, Ken was a senior manager in Price Waterhouse's (now Price Waterhouse Cooper) Columbia office tax department. His clientele included privately held businesses and their owners, as well as publicly held clientele in manufacturing, distribution, real estate, health care, and financial services.
He began his career in 1977 as an Internal Revenue Service (IRS) agent in Houston. During his three years with the IRS, he was an instructor for new agents and involved in a major tax shelter case heard in the Fifth Circuit. (The IRS won.) In 1981, he joined the tax staff of Ernst & Whinney (now Ernst & Young) in San Antonio, Texas, where he served both privately held and publicly traded business concerns. He transferred to Columbia, SC in 1984.
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