Architect's Essentials of Ownership Transition - Bookswagon
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Architect's Essentials of Ownership Transition: (The Architect's Essentials of Professional Practice)

Architect's Essentials of Ownership Transition: (The Architect's Essentials of Professional Practice)


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About the Book

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 transitions ranging from growth and retirement to liquidation and succession. This book, part of the "Professional Practice Essentials" series, offers a complete guide on the subject for the practicing design professional.

Table of Contents:
Foreword. Acknowledgments. PART 1: Introduction. What Is Ownership Transition? Why Is Ownership Transition Necessary? PART 2: Ownership Transition Options. Internal Transfer. Bring in a Leader. Merger. Acquisition. Employee Stock Ownership Plan (ESOP). Liquidation. PART 3: Determining Candidate SelectionCriteria and CommunicatingFounders Expectations. What Do Owners Contribute to Firms? Candidate Selection Criteria. Communicating Expectations toNew Owners. PART 4: Valuing the Firm: How MuchIs It Worth? What Is Value? How Is Value Determined? Components of Valuation. Purposes of Valuation: How ValuationIs Used in the Ownership Transition Process. Determining Value. Methods of Determining Value. Extenuating Circumstances and Exceptions. PART 5: Making the Purchase Affordable: OwnershipTransfer Mechanisms. After-tax Transaction for Stock. After-tax Stock Purchase Plus CompensationExchange Method. Deferred Compensation Method. Owner Transfer for Partnershipor Limited Liability Companies. Zero-based Transfer. PART 6: Designing the OwnershipTransition Program. Important Considerations. PART 7: Getting the Ownership Transition Program Started. Assembling the Team. Laying the Foundation. Designing the Program. Evaluating Candidates. Establishing a Rate of Transition. Deciding on the Terms. Documenting the Program. Next Steps. PART 8: Documenting the Ownership Transition Program. Offering Memorandum. Stock Purchase Agreement. Secured Promissory Note. Security Agreement. Stockholder Agreement. Indemnification Agreement. Deferred Compensation Agreement. Employment Agreement. Why Is Spousal Consent Required for SomeProgram Documents? Ownership Transition Documents forOrganizations Other Than Corporations:Partnerships and Limited LiabilityCompanies. PART 9: Choosing the Form of Entity. Partnership. General Corporation. Professional Corporation. Limited Liability Company. PART 10: Developing Leadership inthe Firm. What Are Leaders? What Attributes Do Leaders Have? Process of Leadership Development. Leadership and Management. PART 11: Preparing for Future Transition. Why Prepare for Future Transition? Glossary. Bibliography. Index.

About the Author :
PETER PIVEN, FAIA, is the Philadelphia-based Principal Consultant of The Coxe Group, Inc., the oldest and largest multidiscipline firm providing management and marketing consultation to design professionals. WILLIAM MANDEL, Esq., is a founding partner of the San Francisco--based MBV Law LLP, a law firm that specializes in merger/acquisition and ownership expansion programs for design professionals and other businesses.


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Product Details
  • ISBN-13: 9780471434818
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: John Wiley & Sons Inc
  • Height: 215 mm
  • Returnable: N
  • Spine Width: 14 mm
  • Width: 138 mm
  • ISBN-10: 0471434817
  • Publisher Date: 05 Mar 2002
  • Binding: Paperback
  • Language: English
  • Series Title: The Architect's Essentials of Professional Practice
  • Weight: 227 gr


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Architect's Essentials of Ownership Transition: (The Architect's Essentials of Professional Practice)
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