ownership transitions overview
Strogoff Consulting guides architecture, engineering, landscape architecture and other design professional firms through succession planning, internal and external ownership transitions. As your advocate, we attract outside buyers, develop valuations, identify criteria for 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. With our guidance, owners have increased the value of their firms and ensured the continuity of their practices and the careers of their key staff.
Internal Ownership Transitions
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We understand the interplay between cultural, governance, financial and legal issues. With our guidance, owners have increased the value of their firms and ensured the continuity of their practices and the careers of their key staff.
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: