Master Planning Your Succession Strategy with Lee/Shoemaker PLLC

While architects develop master plans for the built environment, they often fail to develop succession plans for their own architectural practice. This program will review the different types of succession plans implemented by design firms; demystify the vocabulary used by lawyers, CPAs, and business advisors associated with transition planning; highlight the regulatory and licensure challenges unique to the design industry; and identify strategies to be considered when developing a succession plan for an architectural practice. Though lessons learned from advising dozens of architects and engineers through both internal transition plans and external transition plans, this program will help frame the issues architects should consider when developing a succession plan for their own architectural practice.

This course is presented by Jonathan C. Shoemaker, a founding member of Lee/Shoemaker PLLC, a law firm focusing on the representation of design professionals. As a trusted advisor to numerous design professionals, Jonathan encourages all of the firms clients to plan proactively for the long-term continuity of their practices. Jonathan understands that the succession plans for each of his clients will vary, depending on the goals of the principals, and tailors his strategic counsel regarding deal structures based to the clients objectives.

Taylor T. Dolan, a member of Lee/Shoemaker PLLC, and leads its transactional practice. Taylor is an experienced business and corporate attorney that advises design firms in a wide range of mergers and acquisitions and internal ownership transitions. Taylor listens to the clients goals and guides each transaction from term sheet to closing to ensure both business and personal goals are met. She has hands-on experience in structuring, negotiating, and documenting transactions and advising clients through the integration process.

Learning objectives:

• Succession Planning Terminology: Preparing by Learning the Lingo
• Emergency Succession Planning: Preparing for the Unexpected
• Internal Succession Planning: Preparing for Long-Term Continuity
• External Succession Planning: Preparing for New Opportunities

Viewers who watch this webinar and take the assessment will receive 1.5 CEUs.