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Do Small Firm Architects Need Professional Liability Insurance?

EntreArchitect

Relative to the other expenses of a small firm, professional liability insurance is down right expensive… until you need it. we would have been required to exercise the protections our professional liability policy provides. Professional Liability. Fivecat Studio would have been history.

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How to Build Sustainable Recruitment Strategies for Small Firm Success

EntreArchitect

Recruitment Strategies for Small Firm Architects. Recruiting new employees is one of the most important things a professional services firm can do to be sustainable. He is also an adjunct lecturer on Entrepreneurialism at the University of Iowa and chair of the board of trustees of Grinnell Regional Medical Center.

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How to Make More Money as a Small Firm Architect

EntreArchitect

Like any small business, architects must pay the typical operating expenses required to remain buoyant, such as utilities, professional service fees, consultants’ fees, insurances and several other overhead expenditures. Most sole proprietors and small firms I know, struggle to meet the minimum requirements of operation.

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Mapping Your Firm’s Strategy: Visual Business Frameworks for Architects and Designers

Architizer

Crafting a well-defined business strategy is crucial for the success of any business, architecture firms included, but according to the most recent AIA Business Survey Report in 2022, only 26% of small firms, 40% of medium-sized firms, and 71% of large firms have one written down. So, where do you start?

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Partnering Architects

EntreArchitect

C801 -1993, Joint Venture Agreement for Professional Services can be used for just such an arrangement. It is intended that the joint venture, once established, will enter into an agreement with the owner to provide professional services. Have you hired another architect to perform as a consultant?

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Entrepreneur Architect Academy 008 | Choosing a Business Structure for Your Architecture Firm

EntreArchitect

Some states, including NY where my firm is based, allow professionals to form a Professional Services Corporation. A Professional Services Corporation, or P.C., has the same advantages and protections as a corporation, but is exclusive to professionals such as architects, physicians and attorneys.

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Which Business Structure is Best for an Architecture Firm?

EntreArchitect

Some states, including New York where my firm is based, allow professionals to form a Professional Services Corporation. A Professional Services Corporation, or P.C., has the same advantages and protections as a corporation, but is exclusive to professionals such as architects, physicians and attorneys.