Business Succession Planning
How to transition your architecture or engineering firm to maximize value
Designing Your Plan
When it comes to developing a succession plan for your architecture or engineering firm, there is no “one size fits all.”
We work closely with you to create a plan that will ensure your years of hard work will be transitioned effectively to maximize the return for the future.
Business succession planning is difficult for a variety of reasons.
It raises issues of inevitable life changes, of mortality, and of changes in key personal relationships. Planning for succession may involve complex issues, such as what you will do when you retire or what to do if there are no clear successors, like family members, partners or employees, to take over the business.
We find that many of our architect and engineer clients want to provide continued income for family members and maintain jobs for family members and colleagues. They also want to establish a personal legacy through continuation of the business or a charitable contribution. The number of options available to meet these goals decreases steadily as time passes.
By planning for business succession early, you retain control over the outcome. When there is no plan, others are in a position to take control of the transition. We understand the complexities of business succession planning for architecture and engineering firms. Let us help you plan now for the future.
Transition planning for architects and engineers
Considerations after transition
Do you plan to continue your involvement in the business, reduce your hours or exit completely? Creating a financial plan to prepare for the transition out of business ownership will be an important consideration. Our investment and wealth management professionals are here to guide you. We provide complete wealth management, financial planning and estate planning services during and after the transition.