When you’re running an architects’ or surveyors’ firm, your clients are your priority. When you’re also busy dealing with day-to-day business issues, it can be hard finding time to think about the future.
However when you’ve worked hard to build and grow your practice, you also want to make sure it continues to develop and succeed as partners or other senior team members leave or retire.
At Milsted Langdon we believe it is never too early for architects or surveyors to put in place succession planning to achieve continuity in the practice’s operations and smooth transitions of leadership.
Our specialists will help you focus on the key questions, including the financial impact on the practice of equity partner retirements, the future structure of the business and grooming senior staff – or recruiting new people – for future senior roles.
If the best option for the firm going forward is a merger or sale, we can provide the appropriate advice to support you through the process, including advice on maximising the value and tax efficiency of the transaction.
Our Independent Financial Adviser arm, Milsted Langdon Financial Services, can offer comprehensive advice on issues including pensions and estate planning.