If you’re invited to become a principal in your firm, do you know what that requires? A recent study on internal ownership transition sheds light on how architecture firms are handling the ownership succession process when founding principals near the end of their tenure. If you’re tapped to become a principal in your firm, this […]
The Quarterly eNewsletter of The AIA Trust — July 2018
As a risk management resource for AIA Members, the AIA Trust develops white papers on topics of critical and evolving risks for architects. If you don’t have time to read the white papers, new synopses give you the important facts. Check them out now—so you stay out in front of critical risks.
For most architects, the idea that one could become disabled due to an illness or injury seems pretty remote. No matter how many times one may say, “It will never happen to me,” there’s no getting around the fact that it does happen—everyday—to people just like you. So what should you know about disability insurance?
In recent years, many retirement plan sponsors have enhanced retirement plans by introducing target-date funds* (TDFs) to bolster employees’ retirement readiness. Target-date funds typically invest in a variety of investments selected for those who plan to retire during the target date year. Whether you’re an architect participating in a retirement plan or a firm owner […]
An after-work session sponsored by the AIA Trust and the AIA Practice Management Knowledge Community will be held on November 9th at the 2017 Chicago Architecture Biennial, focusing how technology is impacting architectural practice—with an emphasis on how “virtual practice” is gaining popularity among various types of practitioners.
The AIA Risk Management Committee (RMC) helps architects effectively manage their risks by providing valuable educational materials addressing risk management issues. Two recent RMC articles explain how the standard of care applies to your practice.
From 2005 through 2015, almost all intellectual property claims against design professionals in the Schinnerer and CNA program involved copyright issues. Intellectual property, perhaps the most valuable asset for design professionals, includes trademarks, patents, and copyrights. While intellectual property claims in the program were minimal, design professionals should be aware of these risks arising from […]
Most architectural firm owners and managers must address critical priorities in addition to the business of architecture. These include managing taxes, attracting and rewarding valued employees, and establishing a long-term strategy to ensure their own financial security. Fortunately, as a firm owner, you have an option that could help to address all those goals: sponsoring […]