STROGOFF CONSULTING TO THE DESIGN PROFESSIONS
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ownership transitions overview

With our guidance, owners increase the value of their firms and ensure the continuity of their practices, and new owners embrace an affordable and attractive transition process
Strogoff Consulting guides architecture, engineering, landscape architecture and other design professional firms through succession planning and internal ownership transitions. As your advocate, we develop valuations, identify criteria for and help evaluate future owners, serve as an objective advisor to prospective owners and facilitate buyer-seller discussions.
 
We understand the interplay between cultural, governance, financial and legal issues and help participants navigate a seemingly complicated process. With our guidance, owners increase the value of their firms and ensure the continuity of their practices, and new owners embrace an affordable and attractive transition process.

Internal Ownership Transitions
  • Developing a transition plan that supports a firm's overall strategic business plan
  • Developing ownership transition guidelines (timelines and phasing plans, purchase and payment options, buy-back mechanisms, governance and decision making structure)
  • Establishing criteria for future owners
  • Developing a preliminary valuation
  • Testing transition plans for long-term sustainability and flexibility
  • Determining governance and decision-making structures
  • Determining buy-in and compensation mechanisms
  • Advising staff who are considering potential ownership
  • Providing input to firms' accountants and attorneys
  • Training new owners and assisting in implementing a firm's strategic plan

For related information, please see:
  • Valuations
  • Completed Transitions
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