There’s nothing easy about transferring ownership of your life’s work. It is a complex process filled with challenges – both professional and personal. This is not the time to trust matters to individuals whose expertise lies in other areas. At Dannible/McKee and Associates we have been advising design firm leaders on succession planning and the issues associated with it for over four decades. We work closely with all the firm's key players to mesh the goals between generations and develop a plan that properly addresses the key considerations of timing, affordability, funding and tax-efficiency.
Strategies for internal ownership transition planning are unique to each design firm and may include: