By: Steven Greenapple, SES ESOP Strategies, a Stevens & Lee Company When contemplating a sale of their business, the owners of a Company have several alternatives to consider. They can (1) sell to a financial investor (private equity or family office); (2) sell to a strategic investor (another business who wants to expand into the…
Read MoreTopic: Ownership transition
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Read MoreWhat’s Next
We’re all trying to figure out what’s next. Whether you’re considering a career move, an investment, or a retirement plan, it’s important to identify alternatives and their potential results – and plan ahead. If you want to make a change – whether it’s heading to the door for a well-deserved retirement or advancing your career…
Read MoreTransitioning Your Firm for What’s Next
The AIA Trust organized a panel discussion for the virtual 2021 AIA Conference on Architecture. A panel of architects familiar with the importance of firm transitions shared their expertise about how vital planning for leadership succession is for a successful architecture firm — and what it takes to make that happen on an ongoing basis.…
Read MoreAdvice to Potential New Principals
So, you have been invited to become a principal in your firm? Congratulations! Now, what can you expect? Are there lessons learned from other design firms that have successfully gone through internal ownership transition? Yes, there are. Cameron MacAllister consulting firm completed a benchmark study a few months ago on how architecture firms are handling…
Read MoreOwnership Transition: Developing Future Firm Leadership
A session about Ownership Transition: Developing Future Firm Leadership was presented at A’19, the AIA Conference on Architecture 2019. The PowerPoint slides address the following learning objectives: Recognize what current owners need to do well in advance to prepare for a successful firm transition in the future. Recognize the challenges and decisions for those who…
Read MoreFirm Valuation Service Providers
When considering firm ownership transition–whether internal or external acquisition or a merger, employee stock ownership plans, equity-based incentive plans, shareholder dispute, tax issues, litigation support, or other corporate planning–you need to determine firm value. When seeking a firm valuation, it’s important to consider companies that can offer you A/E industry experience, as well as professional…
Read MoreMaking the Transition to Running Your Own Firm
In operating a professional practice as a private business, a licensed design professional faces many risks. A prudent design professional entering private practice should consider insurance to cover certain exposures, including professional liability, cyber liability, commercial general liability, commercial auto coverage, and the risk of property loss. In addition, practitioners should be sure they have…
Read MoreExtended Reporting Periods: What Are They and Why Do You Need Them?
Whether your firm is closing its doors, acquiring or merging with another firm, or wondering what happens to your professional liability policy during these types of changes, this guide will help you understand Extended Reporting Periods (ERPs) and how they work.
Read MoreArchitecture Firm Ownership Transitions
By Ed Hord, FAIA, 2014 Chair, AIA Trust & Ann Casso, Hon. AIA, Executive Director, AIA Trust The slowly improving economy has led to an increasing pace of mergers and acquisitions among architecture firms. In addition, ‘baby boomer’ firm owners now considering retirement also fuel various ownership transitions. Privately owned architecture firms in today’s consolidating,…
Read MoreArchitecture Firm Ownership Transitions
