Guiding Generations of Business Owners Since 1988
Supporting Businesses Through Decades of Change—From Koreatown’s Entrepreneurs to Los Angeles’s Growing Economy.
Our founder
After earning his degree from Seoul National University in 1968, Choon Taik Lim began a career in banking and finance in Seoul, South Korea. In 1980, he and his family moved to Los Angeles, joining a growing wave of Korean immigrants seeking new opportunities in America. Like many who arrived during this time, he had to navigate an unfamiliar financial system while adjusting to a new country, a new language and an unfamiliar culture.
Determined to build a future in his new home, Choon pursued his MBA and CPA certification while balancing the responsibilities of work and family. By 1988, he established his very own accounting firm in Koreatown: Choon Taik Lim, CPA.
At the time, Koreatown was emerging as a key economic center for the Korean-American community. Choon’s firm quickly became more than just a place for tax filings and bookkeeping—it was a trusted resource for business owners and families working to build financial stability in a new environment. Clients didn’t just see him as an accountant; he became a guide, a problem-solver, and a steady hand through times of uncertainty.
As the business grew, so did its role in the community. In time, Charles Lim joined the firm, bringing a new generation of leadership and expanding the firm’s reach beyond Koreatown. What began as a small practice evolved into Lim + Lim Accountancy Corporation, serving a diverse range of businesses across Los Angeles and beyond.
Today, Lim + Lim remains rooted in the same values that shaped its early days: trust, expertise, and a commitment to supporting business owners through every phase of growth and change.
From Humble Beginnings to a Trusted Community Partner
What began as a small practice quickly became a trusted community partner, helping business owners navigate quickly shifting economic landscapes and major turning points in Los Angeles history.
From helping small businesses establish their financial footing to supporting companies as they scale, Lim + Lim has always prioritized relationships over transactions—ensuring that every client feels informed, empowered, and equipped to make the best financial decisions for themselves and their family with confidence.
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Guiding Korean-American Businesses Through the LA Riots (1992)
The 1992 LA Riots devastated the Korean-American community, leaving many businesses destroyed and little government support available. In the aftermath, Choon Taik Lim became a vital resource for business owners seeking financial relief and a path to recovery. Appearing on Radio Korea multiple times a week, he provided free financial guidance on loans, grants, and insurance claims—helping entrepreneurs navigate the complex process of rebuilding.
His efforts not only helped business owners recover and restore their livelihoods but also cemented his reputation as a pillar of the community. The experience reinforced a core belief that still guides Lim + Lim today: success isn’t just about numbers—it’s about relationships, guidance, and providing a sense of security in uncertain times.
Helping Small Businesses and Homeowners Weather the 2007 Financial Crisis
The 2007 Financial Crisis sent shockwaves through the economy, leaving small businesses struggling to access capital and homeowners at risk of foreclosure. As credit markets tightened and uncertainty spread, many business owners and families found themselves facing financial instability with few places to turn for help.
During this period, Lim + Lim Accountancy Corporation stepped in as a trusted resource, guiding clients through one of the most challenging economic downturns in modern history. The firm worked closely with small businesses to secure critical loans, helping them stay afloat despite a restricted lending environment. At the same time, homeowners facing foreclosure relied on Lim + Lim’s expertise to help them negotiate terms with mortgage lenders, preserving their homes and financial security.
Helping Businesses Navigate Uncertainty During the COVID-19 Pandemic
Nearly 30 years after the LA Riots, the community faced another defining challenge—the COVID-19 pandemic, which upended businesses and left many entrepreneurs struggling to survive. With widespread shutdowns, an uncertain economy, and rapidly changing government relief programs, business owners were forced to make critical financial decisions in an environment unlike anything they had experienced before.
Once again, Lim + Lim Accountancy Corporation stepped up as a trusted guide during a time of crisis. While businesses scrambled to understand new legislation, Choon Taik Lim and his team worked tirelessly to help clients navigate government relief programs, including PPP loans, EIDL assistance, and financial restructuring options. Prioritizing community over profit, the firm provided this assistance for free to struggling businesses, ensuring they could access the aid they desperately needed to keep their doors open.
A Multi-Generational Firm Committed to Growth & Inclusion
What began as a one-man practice in Koreatown has grown into a multi-generational firm that continues to serve a diverse and evolving business community.
Today, the firm proudly supports business owners of all backgrounds, industries, and sizes, offering the same level of trusted financial guidance whether they’re launching a new venture, scaling their operations, or navigating economic uncertainty. With a deep commitment to accessibility, Lim + Lim ensures that small and medium-sized businesses (SMBs) receive expert financial support without the barriers of traditional high-cost advisory services.
Looking ahead, Lim + Lim is embracing the future of financial services by blending human expertise with cutting-edge technology—streamlining processes, enhancing client experiences, and ensuring that businesses have the tools they need to succeed in a rapidly evolving economic landscape.
Trusted Guidance for Growth, Stability, and Success
Whether you're building from the ground up or scaling to new heights, the right financial partner makes all the difference. Schedule a consultation today and see how Lim + Lim can help you navigate your next steps with confidence.