Ownership Transition

Don’t let the concept of treasury stock cloud your transition strategy.

Firms in this business are quickly sorting themselves into two categories – those that are doing better than ever post-COVID-19, and those that are doing worse.

President and senior principal of ICON Architecture (Boston, MA), a women-owned, SOMBDA certified firm that’s staffed over 50 percent by women.

Leaders of employee-friendly firms talk about recruiting, culture, and the importance of employee feedback.

Generational differences can be a powerful source of innovation and adaptability.

CEO of Wendel (Williamsville, NY), an innovative AEC and energy efficiency firm that collaborates with clients for a holistic project approach.

By giving employees the opportunity to own company stock, you can develop a culture in which employees have a greater stake in the company and more opportunities to reap the rewards of capital ownership. 

Ownership transition can be an eight to 10 year process, so start early, educate yourself, define your goals, and keep an open dialogue with your employees.

President and CEO of CORE Consultants, Inc. (Littleton, CO), a professional services firm with a unique culture that empowers its people to thrive at home, at work, and in their community.

Founding principal of PK Electrical (Reno, NV), a women-owned, small business electrical engineering and design firm founded in 1996.

When considering a deferred compensation strategy for your ownership transition, keep these pros and cons in mind.

Addressing questions about the impact of COVID-19 through the lens of the Great Recession.