Architect's Essentials of Ownership Transition
The majority of architecture and design firms employ fewer than ten people. As with any small business, the owner/principal of these firms must make plans for all of the eventual transitions that will impact the practice and any or all of the people therein. This book in the Professional Practice Essentials Series offers comprehensive advice on the subject, specifically tailored to the practicing design professional. Here, a noted consultant who specializes in architecture firm management addresses a host of vital transition issues, including growth, expansion, management changes, internal transitions, mergers, acquisitions, liquidations, retirements, and much, much more.
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accounts accounts receivable accrual accrual-basis book value achieve amount assets balance sheet Barbara basis candidates for ownership capital cash clients consultant corporation current owners December 31 deferred compensation design firms design professionals determine develop disability documents employees entity equity ership established expenses flow-through entity founder Frank and Frances future goals Income Statement income tax Indemnification Agreement internal sale internal transfer investment leaders leadership limited liability companies liquidation marketplace ment merger Offering Memorandum ordinary income organization ownership interest ownership transition program paid partners partnership payment percent planning potential practice profes professional corporation professional services firms Profile Factor profit responsibilities retirement revenues risk role salary Secured Promissory Note seller selling owner share skills staff Stock Purchase Agreement Stockholder Agreement successful Term Sheet termination of employment tion understand valuation William Mandel worth XYZ Design